Cardinal Health, Inc. (NYSE:CAH) Shares Purchased by UMB Bank n.a.

UMB Bank n.a. raised its position in Cardinal Health, Inc. (NYSE:CAH) by 6.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,401 shares of the company’s stock after acquiring an additional 152 shares during the quarter. UMB Bank n.a.’s holdings in Cardinal Health were worth $284,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Blair William & Co. IL increased its position in shares of Cardinal Health by 0.9% during the second quarter. Blair William & Co. IL now owns 11,442 shares of the company’s stock worth $1,125,000 after purchasing an additional 103 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in Cardinal Health by 10.4% during the 2nd quarter. Summit Trail Advisors LLC now owns 2,617 shares of the company’s stock worth $257,000 after purchasing an additional 247 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Cardinal Health by 46.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,443 shares of the company’s stock worth $246,000 after buying an additional 778 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Cardinal Health by 88.7% in the second quarter. Public Sector Pension Investment Board now owns 9,437 shares of the company’s stock valued at $928,000 after buying an additional 4,435 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in shares of Cardinal Health by 3.2% in the second quarter. Evergreen Capital Management LLC now owns 3,836 shares of the company’s stock worth $377,000 after buying an additional 120 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CAH. TD Cowen upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $144.00 in a report on Wednesday, January 8th. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and increased their price target for the company from $132.00 to $145.00 in a report on Monday, January 6th. Barclays boosted their price objective on Cardinal Health from $117.00 to $133.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Morgan Stanley raised their target price on Cardinal Health from $127.00 to $136.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Finally, StockNews.com cut shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 3rd. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Cardinal Health has a consensus rating of “Moderate Buy” and an average target price of $133.29.

Cardinal Health Stock Performance

Shares of CAH stock opened at $128.73 on Thursday. The firm has a market cap of $31.15 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.54 and a beta of 0.63. The firm’s 50 day moving average price is $120.99 and its 200-day moving average price is $112.58. Cardinal Health, Inc. has a one year low of $93.17 and a one year high of $129.36.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Friday, November 1st. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.26. Cardinal Health had a negative return on equity of 56.56% and a net margin of 0.56%. The company had revenue of $52.28 billion for the quarter, compared to analysts’ expectations of $50.90 billion. During the same period in the prior year, the firm earned $1.73 earnings per share. The firm’s revenue was down 4.3% compared to the same quarter last year. As a group, research analysts predict that Cardinal Health, Inc. will post 7.82 EPS for the current fiscal year.

Cardinal Health Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.5056 per share. The ex-dividend date was Thursday, January 2nd. This represents a $2.02 dividend on an annualized basis and a yield of 1.57%. Cardinal Health’s dividend payout ratio (DPR) is presently 39.30%.

About Cardinal Health

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.