Diversified Trust Co Has $2.65 Million Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

Diversified Trust Co grew its position in Cardinal Health, Inc. (NYSE:CAH) by 210.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,720 shares of the company’s stock after buying an additional 16,074 shares during the period. Diversified Trust Co’s holdings in Cardinal Health were worth $2,654,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Clearstead Trust LLC bought a new stake in shares of Cardinal Health in the fourth quarter worth about $25,000. Raleigh Capital Management Inc. increased its stake in Cardinal Health by 4,466.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 274 shares of the company’s stock worth $28,000 after purchasing an additional 268 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in Cardinal Health during the 4th quarter worth approximately $30,000. Hexagon Capital Partners LLC lifted its stake in Cardinal Health by 53.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 338 shares of the company’s stock valued at $34,000 after buying an additional 118 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of Cardinal Health in the fourth quarter valued at approximately $36,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

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

Cardinal Health Price Performance

Shares of Cardinal Health stock opened at $97.77 on Tuesday. The business has a 50-day simple moving average of $99.78 and a 200 day simple moving average of $104.45. The firm has a market capitalization of $23.81 billion, a price-to-earnings ratio of 43.45, a PEG ratio of 1.11 and a beta of 0.61. Cardinal Health, Inc. has a one year low of $85.11 and a one year high of $116.04.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, May 2nd. The company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 0.25% and a negative return on equity of 54.74%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $1.74 earnings per share. On average, sell-side analysts expect that Cardinal Health, Inc. will post 7.35 EPS for the current year.

Cardinal Health Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a dividend of $0.5056 per share. The ex-dividend date of this dividend is Monday, July 1st. This is a boost from Cardinal Health’s previous quarterly dividend of $0.50. This represents a $2.02 annualized dividend and a yield of 2.07%. Cardinal Health’s dividend payout ratio (DPR) is 88.89%.

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.