MRP Capital Investments LLC Purchases 150 Shares of Cardinal Health, Inc. (NYSE:CAH)

MRP Capital Investments LLC boosted its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 3.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,140 shares of the company’s stock after acquiring an additional 150 shares during the quarter. MRP Capital Investments LLC’s holdings in Cardinal Health were worth $608,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Promus Capital LLC purchased a new position in Cardinal Health during the 4th quarter valued at $30,000. Lee Danner & Bass Inc. purchased a new stake in shares of Cardinal Health in the 4th quarter worth about $35,000. Kentucky Trust Co purchased a new stake in shares of Cardinal Health in the 4th quarter worth about $41,000. HHM Wealth Advisors LLC grew its position in shares of Cardinal Health by 57.6% in the 4th quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock worth $47,000 after buying an additional 144 shares during the period. Finally, Raleigh Capital Management Inc. grew its position in shares of Cardinal Health by 29.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 464 shares of the company’s stock worth $55,000 after buying an additional 106 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Cardinal Health Price Performance

Shares of CAH opened at $133.02 on Friday. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $133.77. The company has a 50 day simple moving average of $127.15 and a two-hundred day simple moving average of $119.87. The firm has a market cap of $32.13 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The business 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 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) is currently 37.69%.

Wall Street Analysts Forecast Growth

CAH has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price objective 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. Jefferies Financial Group raised shares of Cardinal Health from a “hold” rating to a “buy” rating and increased their price objective for the company from $140.00 to $150.00 in a research report on Wednesday, February 5th. Morgan Stanley increased their price objective on shares of Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Argus set a $148.00 price objective on shares of Cardinal Health in a research report on Tuesday, February 4th. Finally, TD Cowen raised shares of Cardinal Health from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $144.00 in a research report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.