International Assets Investment Management LLC decreased its position in shares of Cardinal Health, Inc. (NYSE:CAH – Free Report) by 95.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,838 shares of the company’s stock after selling 238,040 shares during the quarter. International Assets Investment Management LLC’s holdings in Cardinal Health were worth $1,282,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Paragon Capital Management Inc. boosted its position in shares of Cardinal Health by 0.7% during the 2nd quarter. Paragon Capital Management Inc. now owns 14,758 shares of the company’s stock worth $1,451,000 after acquiring an additional 99 shares in the last quarter. Huntington National Bank increased its stake in shares of Cardinal Health by 0.9% in the 3rd quarter. Huntington National Bank now owns 10,792 shares of the company’s stock valued at $1,193,000 after purchasing an additional 100 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Cardinal Health by 0.9% during the 2nd quarter. Blair William & Co. IL now owns 11,442 shares of the company’s stock worth $1,125,000 after buying an additional 103 shares in the last quarter. Frazier Financial Advisors LLC lifted its position in shares of 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 buying an additional 104 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Cardinal Health by 4.9% in the third quarter. UMB Bank n.a. now owns 2,249 shares of the company’s stock valued at $249,000 after buying an additional 106 shares in the last quarter. 87.17% of the stock is owned by institutional investors.
Cardinal Health Stock Performance
Cardinal Health stock opened at $122.56 on Thursday. The firm has a market cap of $29.66 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.47 and a beta of 0.63. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $126.23. The firm has a 50 day moving average price of $119.49 and a two-hundred day moving average price of $110.76.
Cardinal Health Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.5056 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.02 annualized dividend and a dividend yield of 1.65%. Cardinal Health’s payout ratio is 39.30%.
Analyst Ratings Changes
Several brokerages have commented on CAH. Barclays boosted their target price on Cardinal Health from $117.00 to $133.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Wells Fargo & Company upgraded shares of Cardinal Health from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $101.00 to $127.00 in a research report on Friday, December 13th. TD Cowen raised shares of Cardinal Health from a “hold” rating to a “buy” rating and boosted their target price for the stock from $130.00 to $144.00 in a research note on Wednesday. Mizuho began coverage on Cardinal Health in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 price target for the company. Finally, Morgan Stanley boosted their price objective on Cardinal Health from $127.00 to $136.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.71.
Get Our Latest Stock Analysis on Cardinal Health
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.
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