ExodusPoint Capital Management LP Boosts Stock Position in Cardinal Health, Inc. (NYSE:CAH)

ExodusPoint Capital Management LP grew its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 25.9% in the 4th quarter, HoldingsChannel reports. The firm owned 201,791 shares of the company’s stock after acquiring an additional 41,554 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Cardinal Health were worth $23,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC lifted its position in Cardinal Health by 10.1% during the fourth quarter. Rothschild Investment LLC now owns 858 shares of the company’s stock valued at $101,000 after purchasing an additional 79 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Cardinal Health by 11.0% in the 4th quarter. Private Trust Co. NA now owns 930 shares of the company’s stock worth $110,000 after buying an additional 92 shares during the last quarter. Checchi Capital Advisers LLC raised its position in shares of Cardinal Health by 2.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company’s stock valued at $411,000 after buying an additional 93 shares in the last quarter. TIAA Trust National Association lifted its holdings in shares of Cardinal Health by 4.5% during the 4th quarter. TIAA Trust National Association now owns 2,183 shares of the company’s stock worth $258,000 after acquiring an additional 94 shares during the last quarter. Finally, MWA Asset Management grew its position in Cardinal Health by 2.9% in the fourth quarter. MWA Asset Management now owns 3,324 shares of the company’s stock worth $393,000 after acquiring an additional 95 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CAH shares. Evercore ISI upgraded Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price target on the stock in a research report on Tuesday, January 7th. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and raised their price objective for the company from $132.00 to $145.00 in a report on Monday, January 6th. Morgan Stanley upped their target price on Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Argus set a $148.00 price target on shares of Cardinal Health in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. upped their price objective 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. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $140.14.

Cardinal Health Trading Up 1.2 %

CAH stock opened at $138.82 on Thursday. The stock has a market capitalization of $33.53 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.49 and a beta of 0.66. The firm’s 50-day moving average price is $128.98 and its two-hundred day moving average price is $121.33. Cardinal Health, Inc. has a 12-month low of $93.17 and a 12-month high of $139.15.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results 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 negative return on equity of 59.57% and a net margin of 0.59%. Equities analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current 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 paid a $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s payout ratio is 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.