Creekmur Asset Management LLC Lowers Holdings in Cardinal Health, Inc. (NYSE:CAH)

Creekmur Asset Management LLC lowered its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 77.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 415 shares of the company’s stock after selling 1,425 shares during the period. Creekmur Asset Management LLC’s holdings in Cardinal Health were worth $49,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CAH. Norges Bank purchased a new position in shares of Cardinal Health in the fourth quarter valued at $246,748,000. State Street Corp lifted its position in Cardinal Health by 4.6% during the third quarter. State Street Corp now owns 14,177,641 shares of the company’s stock valued at $1,566,913,000 after purchasing an additional 627,253 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Cardinal Health in the 4th quarter worth $45,115,000. Two Sigma Advisers LP increased its holdings in shares of Cardinal Health by 47.9% in the 3rd quarter. Two Sigma Advisers LP now owns 1,069,462 shares of the company’s stock worth $118,197,000 after buying an additional 346,362 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC raised its position in shares of Cardinal Health by 77.3% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 593,007 shares of the company’s stock valued at $65,539,000 after buying an additional 258,541 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Cardinal Health Price Performance

Shares of NYSE:CAH opened at $137.20 on Wednesday. The firm has a market capitalization of $33.14 billion, a P/E ratio of 25.60, a P/E/G ratio of 1.49 and a beta of 0.66. The business’s 50-day moving average is $128.78 and its 200 day moving average is $121.20. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $138.62.

Cardinal Health (NYSE:CAH) last released its earnings results 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%. On average, analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.5056 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.47%. Cardinal Health’s payout ratio is presently 37.69%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Citigroup lifted their price target on Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Jefferies Financial Group raised shares of Cardinal Health from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $140.00 to $150.00 in a research note on Wednesday, February 5th. Evercore ISI upgraded shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 target price for the company in a report on Tuesday, January 7th. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and raised their price target for the stock from $132.00 to $145.00 in a research note on Monday, January 6th. Finally, Wells Fargo & Company upped their target price on shares of Cardinal Health from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $140.14.

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.