O Shaughnessy Asset Management LLC Cuts Position in Cardinal Health, Inc. (NYSE:CAH)

O Shaughnessy Asset Management LLC decreased its stake in Cardinal Health, Inc. (NYSE:CAH) by 34.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,147 shares of the company’s stock after selling 111,144 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Cardinal Health were worth $25,327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new stake in Cardinal Health in the fourth quarter valued at $698,000. Schroder Investment Management Group boosted its position in shares of Cardinal Health by 31.6% in the 4th quarter. Schroder Investment Management Group now owns 70,191 shares of the company’s stock worth $8,277,000 after buying an additional 16,845 shares in the last quarter. Cambridge Financial Group Inc. purchased a new stake in shares of Cardinal Health in the 4th quarter worth about $9,150,000. Allstate Corp acquired a new stake in Cardinal Health in the 4th quarter valued at about $844,000. Finally, DnB Asset Management AS increased its holdings in Cardinal Health by 9.6% during the 4th quarter. DnB Asset Management AS now owns 43,475 shares of the company’s stock valued at $5,142,000 after acquiring an additional 3,798 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price target on Cardinal Health from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Evercore ISI raised Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price objective on the stock in a research note on Tuesday, January 7th. Jefferies Financial Group raised shares of Cardinal Health from a “hold” rating to a “buy” rating and boosted their target price for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Finally, Mizuho started coverage on shares of Cardinal Health in a research note on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price target on the stock. 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 a consensus target price of $139.36.

Cardinal Health Stock Down 0.2 %

Shares of NYSE CAH opened at $136.43 on Monday. The stock has a market capitalization of $32.96 billion, a PE ratio of 25.45, a P/E/G ratio of 1.49 and a beta of 0.66. The firm has a fifty day moving average of $128.36 and a 200-day moving average of $120.86. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $137.18.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. Equities research analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Announces Dividend

The firm 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 $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.48%. 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.