Consolidated Planning Corp Buys 2,552 Shares of Cardinal Health, Inc. (NYSE:CAH)

Consolidated Planning Corp increased its stake in Cardinal Health, Inc. (NYSE:CAH) by 40.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,926 shares of the company’s stock after purchasing an additional 2,552 shares during the quarter. Consolidated Planning Corp’s holdings in Cardinal Health were worth $1,056,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Kentucky Trust Co bought a new position in Cardinal Health in the 4th quarter worth $41,000. Community Bank & Trust Waco Texas raised its holdings in Cardinal Health by 4.3% in the 4th quarter. Community Bank & Trust Waco Texas now owns 5,409 shares of the company’s stock worth $640,000 after purchasing an additional 225 shares during the period. JSF Financial LLC bought a new position in Cardinal Health in the 4th quarter worth $967,000. Essex Financial Services Inc. purchased a new stake in Cardinal Health in the 4th quarter worth $213,000. Finally, Angeles Wealth Management LLC purchased a new stake in Cardinal Health in the 4th quarter worth $205,000. 87.17% of the stock is owned by institutional investors.

Cardinal Health Trading Down 1.0 %

Shares of NYSE:CAH opened at $127.09 on Thursday. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $132.84. The company has a 50-day moving average price of $122.69 and a 200 day moving average price of $115.91. The company has a market cap of $30.70 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 1.49 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results 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 net margin of 0.59% and a negative return on equity of 59.57%. As a group, equities analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

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. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s payout ratio is 37.69%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on Cardinal Health from $119.00 to $124.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Barclays increased their price target on Cardinal Health from $117.00 to $133.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Citigroup increased their price target on Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and increased their price target for the stock from $140.00 to $150.00 in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. increased their price target on Cardinal Health from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.87.

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.