Cardinal Health, Inc. (NYSE:CAH) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC lifted its stake in Cardinal Health, Inc. (NYSE:CAH) by 52.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,930 shares of the company’s stock after acquiring an additional 667 shares during the period. Larson Financial Group LLC’s holdings in Cardinal Health were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CAH. Cornerstone Planning Group LLC purchased a new stake in shares of Cardinal Health in the 3rd quarter valued at approximately $26,000. BKM Wealth Management LLC purchased a new stake in shares of Cardinal Health in the 4th quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Cardinal Health in the 4th quarter valued at approximately $36,000. Headlands Technologies LLC purchased a new stake in Cardinal Health in the 3rd quarter worth approximately $47,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Cardinal Health in the 4th quarter worth approximately $59,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TheStreet downgraded shares of Cardinal Health from a “b-” rating to a “c+” rating in a research report on Wednesday, December 27th. Barclays assumed coverage on shares of Cardinal Health in a research report on Wednesday, January 3rd. They issued an “overweight” rating and a $117.00 target price for the company. StockNews.com lowered shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Leerink Partnrs restated an “outperform” rating on shares of Cardinal Health in a research note on Monday, February 26th. Finally, Argus upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Cardinal Health presently has an average rating of “Moderate Buy” and a consensus target price of $103.07.

Cardinal Health Price Performance

NYSE CAH opened at $103.54 on Thursday. The firm has a market capitalization of $25.18 billion, a price-to-earnings ratio of 40.76, a P/E/G ratio of 1.00 and a beta of 0.68. The company’s fifty day moving average is $109.56 and its two-hundred day moving average is $104.59. Cardinal Health, Inc. has a 52-week low of $77.56 and a 52-week high of $116.04.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.26. The company had revenue of $57.45 billion for the quarter, compared to analyst estimates of $57.02 billion. Cardinal Health had a net margin of 0.30% and a negative return on equity of 57.44%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the business posted $1.32 EPS. As a group, sell-side analysts expect that Cardinal Health, Inc. will post 7.28 earnings per share for the current fiscal year.

Cardinal Health Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a $0.5006 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.00 annualized dividend and a yield of 1.93%. Cardinal Health’s dividend payout ratio is 78.74%.

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.