Cardinal Health, Inc. (NYSE:CAH) Shares Sold by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC lessened its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,446 shares of the company’s stock after selling 285 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Cardinal Health were worth $1,590,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Eastern Bank acquired a new position in shares of Cardinal Health in the third quarter worth $25,000. Frazier Financial Advisors LLC grew its stake in Cardinal Health by 69.8% during the 3rd quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock worth $28,000 after purchasing an additional 104 shares in the last quarter. Hara Capital LLC purchased a new stake in Cardinal Health during the 3rd quarter worth about $31,000. AM Squared Ltd acquired a new stake in Cardinal Health in the 3rd quarter valued at about $33,000. Finally, Carolina Wealth Advisors LLC purchased a new position in shares of Cardinal Health in the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Up 1.4 %

CAH opened at $130.65 on Tuesday. The firm has a market cap of $31.62 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 1.57 and a beta of 0.63. The business’s 50 day moving average is $121.57 and its two-hundred day moving average is $113.42. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 week high of $131.00.

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

Cardinal Health Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were given 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 1.55%. Cardinal Health’s payout ratio is 39.30%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CAH shares. TD Cowen upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and upped their target price for the stock from $130.00 to $144.00 in a research note on Wednesday, January 8th. Mizuho started coverage on shares of Cardinal Health in a research report on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 price objective on the stock. Bank of America raised shares of Cardinal Health from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $132.00 to $145.00 in a research report on Monday, January 6th. UBS Group increased their target price on Cardinal Health from $134.00 to $139.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Cardinal Health from $119.00 to $124.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $134.64.

Cardinal Health 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.