Vontobel Holding Ltd. Boosts Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Vontobel Holding Ltd. boosted its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 31.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,519 shares of the company’s stock after acquiring an additional 16,125 shares during the quarter. Vontobel Holding Ltd.’s holdings in Cardinal Health were worth $7,985,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CAH. Eastern Bank bought a new stake in Cardinal Health during the 3rd quarter valued at $25,000. Frazier Financial Advisors LLC raised its position in Cardinal Health by 69.8% during the 3rd quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock valued at $28,000 after purchasing an additional 104 shares in the last quarter. Hara Capital LLC bought a new position in shares of Cardinal Health in the 3rd quarter worth $31,000. AM Squared Ltd bought a new position in shares of Cardinal Health in the 3rd quarter worth $33,000. Finally, Kentucky Trust Co bought a new position in shares of Cardinal Health in the 4th quarter worth $41,000. 87.17% of the stock is owned by institutional investors.

Cardinal Health Stock Performance

Cardinal Health stock opened at $126.35 on Friday. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $132.84. The company has a market cap of $30.52 billion, a PE ratio of 23.57, a PEG ratio of 1.49 and a beta of 0.63. The business’s 50-day simple moving average is $122.85 and its two-hundred day simple moving average is $116.30.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. As a group, analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.5056 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.60%. Cardinal Health’s payout ratio is 37.69%.

Analyst Ratings Changes

Several research analysts have recently commented on CAH shares. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $132.00 to $145.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their price target on Cardinal Health from $119.00 to $124.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Citigroup boosted their price target on Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Evercore ISI raised Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price target for the company in a research report on Tuesday, January 7th. Finally, 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. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Cardinal Health currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.87.

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.