Gulf International Bank UK Ltd Buys 133 Shares of Cardinal Health, Inc. (NYSE:CAH)

Gulf International Bank UK Ltd increased its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,973 shares of the company’s stock after acquiring an additional 133 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Cardinal Health were worth $2,346,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Aaron Wealth Advisors LLC grew its holdings in shares of Cardinal Health by 1.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 8,369 shares of the company’s stock valued at $844,000 after buying an additional 97 shares during the period. Schechter Investment Advisors LLC increased its holdings in shares of Cardinal Health by 4.1% in the fourth quarter. Schechter Investment Advisors LLC now owns 2,480 shares of the company’s stock worth $250,000 after acquiring an additional 98 shares in the last quarter. J. W. Coons Advisors LLC raised its position in shares of Cardinal Health by 0.6% during the fourth quarter. J. W. Coons Advisors LLC now owns 16,680 shares of the company’s stock worth $1,681,000 after purchasing an additional 100 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of Cardinal Health by 53.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 338 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares in the last quarter. Finally, Tompkins Financial Corp grew its position in shares of Cardinal Health by 6.4% in the 1st quarter. Tompkins Financial Corp now owns 1,994 shares of the company’s stock valued at $223,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CAH. Robert W. Baird cut their price target on shares of Cardinal Health from $134.00 to $128.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Leerink Partnrs reissued an “outperform” rating on shares of Cardinal Health in a research note on Monday, February 26th. Wells Fargo & Company reduced their price objective on Cardinal Health from $96.00 to $94.00 and set an “underweight” rating for the company in a research report on Monday, April 29th. StockNews.com lowered Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 28th. Finally, SVB Leerink began coverage on Cardinal Health in a research report on Monday, February 26th. They set an “outperform” rating and a $125.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Cardinal Health presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

Cardinal Health Trading Up 0.2 %

Shares of CAH opened at $104.63 on Friday. The company has a market cap of $25.48 billion, a price-to-earnings ratio of 46.50, a PEG ratio of 1.18 and a beta of 0.64. The company’s fifty day simple moving average is $100.44 and its 200 day simple moving average is $104.69. Cardinal Health, Inc. has a 1-year low of $85.11 and a 1-year high of $116.04.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, May 2nd. The company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.13. Cardinal Health had a net margin of 0.25% and a negative return on equity of 54.74%. The company had revenue of $54.90 billion for the quarter, compared to analysts’ expectations of $56.05 billion. During the same period in the prior year, the firm earned $1.74 EPS. Cardinal Health’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, research analysts forecast that Cardinal Health, Inc. will post 7.35 earnings per share for the current year.

Cardinal Health Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Monday, July 1st. This is a boost from Cardinal Health’s previous quarterly dividend of $0.50. Cardinal Health’s dividend payout ratio 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.