4,473 Shares in Cardinal Health, Inc. (NYSE:CAH) Bought by Empirical Finance LLC

Empirical Finance LLC acquired a new position in shares of Cardinal Health, Inc. (NYSE:CAHGet Rating) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,473 shares of the company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Signaturefd LLC lifted its stake in shares of Cardinal Health by 23.2% during the 3rd quarter. Signaturefd LLC now owns 1,244 shares of the company’s stock worth $62,000 after purchasing an additional 234 shares during the last quarter. Creative Planning raised its stake in Cardinal Health by 1.2% in the third quarter. Creative Planning now owns 20,343 shares of the company’s stock valued at $1,006,000 after buying an additional 234 shares during the last quarter. G&S Capital LLC raised its stake in Cardinal Health by 3.9% in the fourth quarter. G&S Capital LLC now owns 6,956 shares of the company’s stock valued at $358,000 after buying an additional 263 shares during the last quarter. Brookstone Capital Management raised its stake in shares of Cardinal Health by 2.3% in the third quarter. Brookstone Capital Management now owns 11,956 shares of the company’s stock worth $571,000 after purchasing an additional 264 shares during the last quarter. Finally, L2 Asset Management LLC raised its stake in shares of Cardinal Health by 4.2% in the third quarter. L2 Asset Management LLC now owns 6,761 shares of the company’s stock worth $334,000 after purchasing an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 83.49% of the company’s stock.

Several research firms recently commented on CAH. StockNews.com raised Cardinal Health from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 13th. Credit Suisse Group dropped their target price on Cardinal Health from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, February 4th. TheStreet lowered Cardinal Health from a “b” rating to a “c” rating in a report on Thursday, February 3rd. Zacks Investment Research raised Cardinal Health from a “sell” rating to a “hold” rating and set a $55.00 target price on the stock in a report on Monday, March 14th. Finally, Robert W. Baird raised their target price on Cardinal Health from $52.00 to $57.00 in a report on Friday, February 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $58.10.

NYSE:CAH opened at $62.98 on Tuesday. Cardinal Health, Inc. has a 52 week low of $45.85 and a 52 week high of $64.12. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 5.33. The company has a market capitalization of $17.45 billion, a P/E ratio of 32.97, a P/E/G ratio of 2.58 and a beta of 0.91. The stock’s fifty day moving average is $56.08 and its two-hundred day moving average is $52.11.

Cardinal Health (NYSE:CAHGet Rating) last posted its earnings results on Thursday, February 3rd. The company reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.04. Cardinal Health had a return on equity of 94.02% and a net margin of 0.32%. The company had revenue of $45.46 billion for the quarter, compared to the consensus estimate of $45.32 billion. During the same quarter in the previous year, the business earned $1.74 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts anticipate that Cardinal Health, Inc. will post 5.27 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, April 1st were given a dividend of $0.4908 per share. The ex-dividend date was Thursday, March 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.12%. Cardinal Health’s dividend payout ratio is currently 102.62%.

About Cardinal Health (Get Rating)

Cardinal Health, Inc operates as an integrated 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.

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Institutional Ownership by Quarter for Cardinal Health (NYSE:CAH)

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