Schroder Investment Management Group Grows Holdings in Cardinal Health, Inc. (NYSE:CAH)

Schroder Investment Management Group increased its holdings in Cardinal Health, Inc. (NYSE:CAH) by 31.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,191 shares of the company’s stock after acquiring an additional 16,845 shares during the quarter. Schroder Investment Management Group’s holdings in Cardinal Health were worth $8,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of CAH. Cyrus J. Lawrence LLC purchased a new position in shares of Cardinal Health during the fourth quarter valued at approximately $26,000. Promus Capital LLC purchased a new position in Cardinal Health during the fourth quarter valued at $30,000. Lee Danner & Bass Inc. bought a new stake in Cardinal Health in the fourth quarter worth $35,000. Kentucky Trust Co purchased a new stake in shares of Cardinal Health in the fourth quarter worth $41,000. Finally, HHM Wealth Advisors LLC increased its holdings in shares of Cardinal Health by 57.6% during the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock valued at $47,000 after acquiring an additional 144 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Cardinal Health Price Performance

Shares of Cardinal Health stock opened at $129.37 on Friday. The stock has a market capitalization of $31.25 billion, a PE ratio of 24.14, a P/E/G ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 1-year low of $93.17 and a 1-year high of $139.50. The company’s fifty day simple moving average is $129.15 and its 200-day simple moving average is $121.55.

Cardinal Health (NYSE:CAH) last issued its quarterly 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, research analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.56%. Cardinal Health’s payout ratio is currently 37.69%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Evercore ISI raised shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price objective on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price target on shares of Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Mizuho upped their price objective on Cardinal Health from $142.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, March 31st. Citigroup lifted their target price on Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Finally, Morgan Stanley upped their price target on Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $140.14.

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.