Parkside Financial Bank & Trust Acquires 189 Shares of Cardinal Health, Inc. (NYSE:CAH)

Parkside Financial Bank & Trust grew its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 18.7% in the fourth quarter, HoldingsChannel reports. The fund owned 1,198 shares of the company’s stock after purchasing an additional 189 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Cardinal Health were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CAH. Frazier Financial Advisors LLC lifted its stake 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 valued at $28,000 after buying an additional 104 shares in the last quarter. Hara Capital LLC purchased a new position in shares of Cardinal Health during the 3rd quarter valued at $31,000. AM Squared Ltd purchased a new position in shares of Cardinal Health during the 3rd quarter valued at $33,000. Kentucky Trust Co purchased a new position in shares of Cardinal Health during the 4th quarter valued at $41,000. Finally, HHM Wealth Advisors LLC lifted its stake in shares of Cardinal Health by 57.6% during the 4th quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock valued at $47,000 after buying an additional 144 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CAH shares. Morgan Stanley lifted their target price on shares of Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group lifted their target price on shares of Cardinal Health from $134.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Argus set a $148.00 price target on shares of Cardinal Health in a research note on Tuesday, February 4th. Citigroup boosted their price target on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Finally, Mizuho began coverage on shares of Cardinal Health in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 price target on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Cardinal Health has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Cardinal Health Stock Up 1.8 %

Cardinal Health stock opened at $129.71 on Friday. The company’s 50-day moving average price is $124.74 and its 200-day moving average price is $118.16. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $132.84. The company has a market cap of $31.33 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 1.49 and a beta of 0.63.

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

Cardinal Health Announces Dividend

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

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.