Cardinal Health, Inc. (NYSE:CAH) Shares Purchased by Czech National Bank

Czech National Bank boosted its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,473 shares of the company’s stock after buying an additional 2,800 shares during the period. Czech National Bank’s holdings in Cardinal Health were worth $6,206,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Eastern Bank acquired a new position in shares of Cardinal Health during the 3rd quarter valued at about $25,000. Frazier Financial Advisors LLC boosted its holdings in Cardinal Health by 69.8% in the 3rd quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock valued at $28,000 after purchasing an additional 104 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Cardinal Health in the 2nd quarter valued at approximately $29,000. Hara Capital LLC acquired a new stake in shares of Cardinal Health during the 3rd quarter worth approximately $31,000. Finally, AM Squared Ltd purchased a new stake in shares of Cardinal Health during the 3rd quarter valued at approximately $33,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Bank of America upgraded Cardinal Health from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $132.00 to $145.00 in a research report on Monday, January 6th. Morgan Stanley raised their price objective on Cardinal Health from $127.00 to $136.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. UBS Group increased their target price on shares of Cardinal Health from $134.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Barclays boosted their price target on shares of Cardinal Health from $117.00 to $133.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, StockNews.com cut shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 3rd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $133.29.

Cardinal Health Trading Up 2.5 %

Cardinal Health stock opened at $123.88 on Wednesday. The firm has a market capitalization of $29.98 billion, a P/E ratio of 24.10, a P/E/G ratio of 1.47 and a beta of 0.63. The stock’s fifty day simple moving average is $120.06 and its 200-day simple moving average is $111.23. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $126.23.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.26. Cardinal Health had a negative return on equity of 56.56% and a net margin of 0.56%. The company had revenue of $52.28 billion for the quarter, compared to analyst estimates of $50.90 billion. During the same quarter last year, the company earned $1.73 EPS. Cardinal Health’s revenue for the quarter was down 4.3% compared to the same quarter last year. Sell-side analysts predict that Cardinal Health, Inc. will post 7.82 earnings per share for the current year.

Cardinal Health Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, January 2nd. Cardinal Health’s dividend payout ratio (DPR) is presently 39.30%.

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.