Yousif Capital Management LLC Lowers Holdings in Cardinal Health, Inc. $CAH

Yousif Capital Management LLC reduced its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 3.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 90,281 shares of the company’s stock after selling 3,448 shares during the period. Yousif Capital Management LLC’s holdings in Cardinal Health were worth $18,992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Redhawk Wealth Advisors Inc. boosted its position in shares of Cardinal Health by 0.5% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 9,255 shares of the company’s stock worth $1,902,000 after buying an additional 48 shares during the period. Latitude Advisors LLC boosted its position in shares of 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 position in shares of 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. MFA Wealth Services boosted its position in shares of 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. Finally, Moody National Bank Trust Division boosted its position in shares of Cardinal Health by 2.2% during the fourth quarter. Moody National Bank Trust Division now owns 2,696 shares of the company’s stock worth $554,000 after buying an additional 57 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CAH. Mizuho raised their price target on Cardinal Health from $222.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Robert W. Baird set a $252.00 price target on Cardinal Health in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of Cardinal Health in a research report on Wednesday, January 21st. Evercore raised their price target on Cardinal Health from $250.00 to $260.00 in a research report on Friday, February 6th. Finally, Jefferies Financial Group raised their price target on Cardinal Health from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.67.

Cardinal Health Trading Down 0.1%

NYSE:CAH opened at $212.50 on Wednesday. The firm has a market cap of $50.01 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 1.38 and a beta of 0.64. The stock has a fifty day moving average price of $217.63 and a 200 day moving average price of $199.80. Cardinal Health, Inc. has a 12-month low of $121.17 and a 12-month high of $233.60.

Cardinal Health (NYSE:CAH) last released 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 negative return on equity of 92.50% and a net margin of 0.68%.Cardinal Health’s revenue was up 18.8% compared to the same quarter last year. During the same period last year, the business posted $1.93 earnings per share. Equities analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be issued a $0.5107 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $2.04 dividend on an annualized basis and a yield of 1.0%. Cardinal Health’s dividend payout ratio (DPR) is 29.35%.

Cardinal Health 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.