Edmp Inc. Decreases Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Edmp Inc. reduced its position in Cardinal Health, Inc. (NYSE:CAH) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 11,012 shares of the company’s stock after selling 250 shares during the quarter. Edmp Inc.’s holdings in Cardinal Health were worth $1,302,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAH. Eastern Bank purchased a new stake in shares of Cardinal Health during the third quarter worth $25,000. Frazier Financial Advisors LLC grew its stake in Cardinal Health by 69.8% during the 3rd quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock valued at $28,000 after acquiring an additional 104 shares in the last quarter. Hara Capital LLC purchased a new position in Cardinal Health in the 3rd quarter worth approximately $31,000. AM Squared Ltd acquired a new position in shares of Cardinal Health during the 3rd quarter worth approximately $33,000. Finally, Carolina Wealth Advisors LLC purchased a new stake in shares of Cardinal Health in the third quarter valued at approximately $47,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have 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 report on Friday, January 10th. Morgan Stanley increased their price target on shares of Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays lifted their price target on shares of Cardinal Health from $117.00 to $133.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. UBS Group increased their price target on Cardinal Health from $134.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, StockNews.com cut shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.87.

Cardinal Health Stock Down 0.1 %

Shares of Cardinal Health stock opened at $127.30 on Tuesday. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $132.84. The company has a 50 day moving average of $122.55 and a 200 day moving average of $115.62. The company has a market capitalization of $30.75 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.49 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.93 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%. As a group, research analysts anticipate that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Announces Dividend

The company 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. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) 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.