G&S Capital LLC Has $1.04 Million Stake in Cardinal Health, Inc. (NYSE:CAH)

G&S Capital LLC lowered its stake in Cardinal Health, Inc. (NYSE:CAH) by 3.1% in the first quarter, HoldingsChannel.com reports. The firm owned 9,303 shares of the company’s stock after selling 293 shares during the quarter. G&S Capital LLC’s holdings in Cardinal Health were worth $1,041,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Mariner LLC lifted its stake in shares of Cardinal Health by 1.3% during the third quarter. Mariner LLC now owns 48,068 shares of the company’s stock valued at $4,173,000 after acquiring an additional 640 shares during the period. Stifel Financial Corp lifted its position in Cardinal Health by 4.7% during the 3rd quarter. Stifel Financial Corp now owns 202,706 shares of the company’s stock valued at $17,599,000 after purchasing an additional 9,058 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Cardinal Health by 673.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,599 shares of the company’s stock valued at $3,959,000 after purchasing an additional 39,704 shares during the period. Jacobi Capital Management LLC boosted its stake in shares of Cardinal Health by 7.9% in the 3rd quarter. Jacobi Capital Management LLC now owns 3,093 shares of the company’s stock valued at $269,000 after purchasing an additional 226 shares during the last quarter. Finally, Natixis Advisors L.P. grew its position in shares of Cardinal Health by 11.5% during the 3rd quarter. Natixis Advisors L.P. now owns 321,524 shares of the company’s stock worth $27,915,000 after buying an additional 33,043 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CAH shares. Wells Fargo & Company cut their price objective on shares of Cardinal Health from $96.00 to $94.00 and set an “underweight” rating on the stock in a report on Monday, April 29th. Robert W. Baird cut their price target on Cardinal Health from $134.00 to $128.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Evercore ISI raised their price target on Cardinal Health from $110.00 to $115.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Argus dropped their price objective on Cardinal Health from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Finally, StockNews.com upgraded Cardinal Health from a “buy” rating to a “strong-buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $109.67.

Cardinal Health Stock Performance

NYSE:CAH opened at $101.09 on Thursday. The stock’s 50-day simple moving average is $100.20 and its 200 day simple moving average is $104.62. Cardinal Health, Inc. has a 52-week low of $85.11 and a 52-week high of $116.04. The company has a market cap of $24.62 billion, a P/E ratio of 44.93, a P/E/G ratio of 1.17 and a beta of 0.64.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.13. The firm had revenue of $54.90 billion for the quarter, compared to analyst estimates of $56.05 billion. Cardinal Health had a negative return on equity of 54.74% and a net margin of 0.25%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.74 EPS. As a group, equities analysts predict that Cardinal Health, Inc. will post 7.35 earnings per share for the current fiscal year.

Cardinal Health Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a $0.5056 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $2.02 dividend on an annualized basis and a yield of 2.00%. This is a boost from Cardinal Health’s previous quarterly dividend of $0.50. Cardinal Health’s dividend payout ratio (DPR) is currently 88.89%.

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.