Cardinal Health, Inc. (NYSE:CAH) Shares Acquired by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC grew its stake in Cardinal Health, Inc. (NYSE:CAH) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,366 shares of the company’s stock after buying an additional 195 shares during the period. Kapstone Financial Advisors LLC’s holdings in Cardinal Health were worth $462,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Ameriprise Financial Inc. boosted its stake in Cardinal Health by 82.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,128,009 shares of the company’s stock worth $358,390,000 after purchasing an additional 1,862,291 shares during the period. Northern Trust Corp boosted its stake in Cardinal Health by 0.9% during the 3rd quarter. Northern Trust Corp now owns 3,340,547 shares of the company’s stock worth $290,026,000 after purchasing an additional 28,412 shares during the period. Pacer Advisors Inc. boosted its stake in Cardinal Health by 17.5% during the 4th quarter. Pacer Advisors Inc. now owns 2,619,561 shares of the company’s stock worth $264,052,000 after purchasing an additional 389,431 shares during the period. AQR Capital Management LLC boosted its stake in Cardinal Health by 0.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,496,531 shares of the company’s stock worth $216,749,000 after purchasing an additional 19,287 shares during the period. Finally, California Public Employees Retirement System raised its position in Cardinal Health by 118.9% during the 4th quarter. California Public Employees Retirement System now owns 1,516,035 shares of the company’s stock worth $152,816,000 after buying an additional 823,520 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CAH. Argus upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. Barclays began coverage on shares of Cardinal Health in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $117.00 price objective for the company. SVB Leerink began coverage on shares of Cardinal Health in a research report on Monday, February 26th. They set an “outperform” rating and a $125.00 price objective for the company. StockNews.com downgraded shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Leerink Partnrs restated an “outperform” rating on shares of Cardinal Health in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $103.07.

Cardinal Health Trading Down 0.6 %

Shares of CAH traded down $0.60 during trading hours on Friday, reaching $103.21. The company had a trading volume of 1,399,916 shares, compared to its average volume of 1,705,735. The firm has a 50 day simple moving average of $109.51 and a 200-day simple moving average of $104.76. The company has a market capitalization of $25.10 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 1.04 and a beta of 0.68. Cardinal Health, Inc. has a 12-month low of $77.56 and a 12-month high of $116.04.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.26. Cardinal Health had a net margin of 0.30% and a negative return on equity of 57.44%. The company had revenue of $57.45 billion for the quarter, compared to analysts’ expectations of $57.02 billion. During the same period last year, the company earned $1.32 EPS. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. Sell-side analysts forecast that Cardinal Health, Inc. will post 7.28 earnings per share for the current year.

Cardinal Health Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.5006 per share. The ex-dividend date was Thursday, March 28th. This represents a $2.00 annualized dividend and a dividend yield of 1.94%. Cardinal Health’s dividend payout ratio is currently 78.74%.

Cardinal Health Company Profile

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.