CIBC Asset Management Inc Has $4.39 Million Holdings in Cardinal Health, Inc. (NYSE:CAH)

CIBC Asset Management Inc increased its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,100 shares of the company’s stock after acquiring an additional 1,377 shares during the period. CIBC Asset Management Inc’s holdings in Cardinal Health were worth $4,388,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Eastern Bank bought a new stake in Cardinal Health during the 3rd quarter worth approximately $25,000. Frazier Financial Advisors LLC grew its position in Cardinal Health by 69.8% during the 3rd quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock worth $28,000 after acquiring an additional 104 shares during the last quarter. Hara Capital LLC bought a new stake in Cardinal Health during the 3rd quarter worth approximately $31,000. AM Squared Ltd bought a new stake in Cardinal Health during the 3rd quarter worth approximately $33,000. Finally, Kentucky Trust Co bought a new stake in Cardinal Health during the 4th quarter worth approximately $41,000. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CAH shares. UBS Group increased their price target on Cardinal Health from $134.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Cardinal Health from $119.00 to $124.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Morgan Stanley increased their price objective on Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Bank of America upgraded Cardinal Health from a “neutral” rating to a “buy” rating and increased their price objective for the company from $132.00 to $145.00 in a research report on Monday, January 6th. Finally, Barclays increased their price objective on Cardinal Health from $117.00 to $133.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.87.

Cardinal Health Stock Up 0.3 %

NYSE:CAH opened at $126.63 on Thursday. Cardinal Health, Inc. has a 12-month low of $93.17 and a 12-month high of $132.84. The firm has a market capitalization of $30.59 billion, a P/E ratio of 23.63, a P/E/G ratio of 1.48 and a beta of 0.63. The stock’s fifty day simple moving average is $123.25 and its 200-day simple moving average is $116.81.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. As a group, equities research analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a yield of 1.60%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s payout ratio is presently 37.69%.

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.