Universal Beteiligungs und Servicegesellschaft mbH Sells 2,967 Shares of Cardinal Health, Inc. $CAH

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in Cardinal Health, Inc. (NYSE:CAH) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 203,852 shares of the company’s stock after selling 2,967 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Cardinal Health were worth $41,850,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Redhawk Wealth Advisors Inc. increased its position in Cardinal Health by 0.5% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 9,255 shares of the company’s stock worth $1,902,000 after purchasing an additional 48 shares during the last quarter. HF Advisory Group LLC increased its position in Cardinal Health by 0.9% in the fourth quarter. HF Advisory Group LLC now owns 5,227 shares of the company’s stock worth $1,074,000 after purchasing an additional 49 shares during the last quarter. Latitude Advisors LLC boosted its stake in Cardinal Health by 2.1% during the third quarter. Latitude Advisors LLC now owns 2,598 shares of the company’s stock worth $408,000 after buying an additional 53 shares during the period. Barnes Dennig Private Wealth Management LLC boosted its stake in Cardinal Health by 38.7% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 190 shares of the company’s stock worth $39,000 after buying an additional 53 shares during the period. Finally, MFA Wealth Services boosted its stake in Cardinal Health by 2.3% during the third quarter. MFA Wealth Services now owns 2,491 shares of the company’s stock worth $391,000 after buying an additional 55 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Morgan Stanley set a $255.00 price objective on shares of Cardinal Health in a research note on Friday, February 6th. Wells Fargo & Company lifted their price objective on shares of Cardinal Health from $237.00 to $256.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Evercore dropped their price objective on shares of Cardinal Health from $260.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Wall Street Zen lowered shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 12th. Finally, Zacks Research raised shares of Cardinal Health from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Cardinal Health presently has an average rating of “Moderate Buy” and a consensus price target of $244.33.

Cardinal Health Stock Down 2.3%

NYSE CAH opened at $200.27 on Thursday. The firm has a market capitalization of $47.13 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 1.32 and a beta of 0.64. Cardinal Health, Inc. has a 52 week low of $133.26 and a 52 week high of $233.60. The company has a fifty day moving average of $216.16 and a two-hundred day moving average of $203.92.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, February 5th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.32. The firm had revenue of $65.63 billion during the quarter, compared to analyst estimates of $64.88 billion. Cardinal Health had a net margin of 0.68% and a negative return on equity of 92.50%. The business’s revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.93 earnings per share. Equities research analysts anticipate that Cardinal Health, Inc. will post 10.32 EPS for the current year.

Cardinal Health Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.5107 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, April 1st. Cardinal Health’s payout ratio is currently 29.35%.

Cardinal Health Company Profile

Cardinal Health is a multinational healthcare services and products company headquartered in Dublin, Ohio. Tracing its roots to the early 1970s, the company has grown into a major provider of supply chain and distribution services for the healthcare sector. Cardinal Health operates across a range of service lines that support hospitals, health systems, pharmacies, physician offices and clinical laboratories.

The company’s core activities include the wholesale distribution of branded and generic pharmaceuticals, the supply and distribution of medical-surgical products, and the provision of logistics and inventory management solutions.