Securian Asset Management Inc. Has $1.53 Million Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Securian Asset Management Inc. decreased its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,912 shares of the company’s stock after selling 532 shares during the period. Securian Asset Management Inc.’s holdings in Cardinal Health were worth $1,527,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CAH. Frazier Financial Advisors LLC increased 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 worth $28,000 after purchasing an additional 104 shares during the last quarter. Promus Capital LLC acquired a new position in shares of Cardinal Health during the 4th quarter worth $30,000. AM Squared Ltd acquired a new position in shares of Cardinal Health during the 3rd quarter worth $33,000. Kentucky Trust Co acquired a new position in shares of Cardinal Health during the 4th quarter worth $41,000. Finally, HHM Wealth Advisors LLC increased 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 worth $47,000 after purchasing an additional 144 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Mizuho assumed coverage on shares of Cardinal Health in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 target price on the stock. Evercore ISI upgraded shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 target price on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised their target price on shares of Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. TD Cowen upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and raised their target price for the company from $130.00 to $144.00 in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and raised their price target for the stock from $140.00 to $150.00 in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Cardinal Health has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Cardinal Health Stock Performance

NYSE:CAH opened at $126.24 on Friday. The company has a 50-day moving average of $125.99 and a 200-day moving average of $119.14. The company has a market capitalization of $30.49 billion, a price-to-earnings ratio of 23.55, 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 EPS 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%. Sell-side analysts forecast 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. Investors 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 1.60%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s dividend payout ratio is currently 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.