Elo Mutual Pension Insurance Co Has $3.11 Million Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

Elo Mutual Pension Insurance Co boosted its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 21.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,272 shares of the company’s stock after purchasing an additional 4,718 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Cardinal Health were worth $3,107,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its position in Cardinal Health by 23.9% in the third quarter. Thrivent Financial for Lutherans now owns 12,727 shares of the company’s stock valued at $1,406,000 after acquiring an additional 2,451 shares during the period. Cerity Partners LLC grew its holdings in shares of Cardinal Health by 35.9% in the 3rd quarter. Cerity Partners LLC now owns 32,964 shares of the company’s stock worth $3,643,000 after purchasing an additional 8,707 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Cardinal Health during the 3rd quarter worth about $1,008,000. Brooklyn Investment Group bought a new position in Cardinal Health during the 3rd quarter valued at about $70,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Cardinal Health in the third quarter valued at about $1,691,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CAH. Citigroup lifted their target price on shares of Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $130.00 to $144.00 in a research note on Wednesday, January 8th. Mizuho started coverage on Cardinal Health in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 target price for the company. Bank of America upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating and upped their price target for the stock from $132.00 to $145.00 in a research report on Monday, January 6th. Finally, Jefferies Financial Group upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and raised their price objective for the company from $140.00 to $150.00 in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Cardinal Health Price Performance

Shares of NYSE CAH opened at $136.43 on Friday. The company’s 50 day simple moving average is $128.36 and its 200 day simple moving average is $120.76. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $137.18. The firm has a market capitalization of $32.96 billion, a P/E ratio of 25.45, a P/E/G ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings results 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%. Sell-side analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given 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 dividend yield of 1.48%. Cardinal Health’s payout ratio is currently 37.69%.

Cardinal Health Company 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.