Cardinal Health, Inc. (NYSE:CAH) Shares Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. increased its holdings in Cardinal Health, Inc. (NYSE:CAH) by 43.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 198,698 shares of the company’s stock after acquiring an additional 59,836 shares during the quarter. Achmea Investment Management B.V. owned approximately 0.08% of Cardinal Health worth $23,500,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CAH. Frazier Financial Advisors LLC lifted its stake in shares of Cardinal Health by 69.8% in the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock worth $28,000 after acquiring an additional 104 shares in the last quarter. Promus Capital LLC acquired a new stake in Cardinal Health during the fourth quarter valued at approximately $30,000. AM Squared Ltd acquired a new stake in Cardinal Health during the third quarter valued at approximately $33,000. Kentucky Trust Co acquired a new stake in Cardinal Health during the fourth quarter valued at approximately $41,000. Finally, HHM Wealth Advisors LLC raised its stake in 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 buying an additional 144 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on CAH shares. Argus set a $148.00 price objective on Cardinal Health in a research note on Tuesday, February 4th. TD Cowen upgraded Cardinal Health from a “hold” rating to a “buy” rating and upped their price objective for the company from $130.00 to $144.00 in a research note on Wednesday, January 8th. Bank of America upgraded Cardinal Health from a “neutral” rating to a “buy” rating and upped their price objective for the company from $132.00 to $145.00 in a research note on Monday, January 6th. Citigroup upped their price objective on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company increased their price target on Cardinal Health from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $139.36.

Cardinal Health Stock Performance

Cardinal Health stock opened at $126.87 on Thursday. The business’s 50-day simple moving average is $125.99 and its 200-day simple moving average is $119.14. The firm has a market capitalization of $30.65 billion, a PE ratio of 23.67, a PEG ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 week high of $132.84.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, beating 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%. Research analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a yield of 1.59%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio is 37.69%.

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.