GWN Securities Inc. Acquires Shares of 11,360 Cardinal Health, Inc. (NYSE:CAH)

GWN Securities Inc. acquired a new stake in Cardinal Health, Inc. (NYSE:CAH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,360 shares of the company’s stock, valued at approximately $1,461,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Sovereign Investment Advisors LLC purchased a new stake in shares of Cardinal Health during the 4th quarter worth approximately $361,000. Corient Private Wealth LLC boosted its stake in shares of Cardinal Health by 0.7% during the 4th quarter. Corient Private Wealth LLC now owns 91,690 shares of the company’s stock worth $10,845,000 after acquiring an additional 617 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Cardinal Health by 12.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 43,191 shares of the company’s stock worth $5,108,000 after acquiring an additional 4,853 shares in the last quarter. one8zero8 LLC purchased a new stake in shares of Cardinal Health during the 4th quarter worth approximately $278,000. Finally, Natixis Advisors LLC boosted its stake in shares of Cardinal Health by 10.0% during the 4th quarter. Natixis Advisors LLC now owns 507,378 shares of the company’s stock worth $60,008,000 after acquiring an additional 45,929 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Up 1.5 %

Shares of Cardinal Health stock opened at $128.20 on Friday. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $132.84. The firm has a market cap of $30.97 billion, a PE ratio of 23.92, a P/E/G ratio of 1.49 and a beta of 0.66. The business’s fifty day moving average is $126.33 and its two-hundred day moving average is $119.38.

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

Cardinal Health Dividend Announcement

The firm 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 dividend of $0.5056 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a dividend yield of 1.58%. Cardinal Health’s dividend payout ratio is presently 37.69%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley boosted their price target on Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Wells Fargo & Company upped their target price on Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Argus set a $148.00 target price on Cardinal Health in a research note on Tuesday, February 4th. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and upped their target price for the company from $130.00 to $144.00 in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and upped their target price for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Cardinal Health currently has an average rating of “Moderate Buy” and an average price target of $139.36.

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.