Mn Services Vermogensbeheer B.V. Boosts Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,071 shares of the company’s stock after purchasing an additional 1,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Cardinal Health were worth $11,362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Checchi Capital Advisers LLC increased its holdings in Cardinal Health by 2.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company’s stock worth $411,000 after purchasing an additional 93 shares during the last quarter. Advisor OS LLC increased its holdings in shares of Cardinal Health by 15.5% in the 4th quarter. Advisor OS LLC now owns 8,043 shares of the company’s stock valued at $951,000 after acquiring an additional 1,080 shares during the last quarter. Cutter & CO Brokerage Inc. increased its holdings in shares of Cardinal Health by 2.4% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 5,644 shares of the company’s stock valued at $668,000 after acquiring an additional 134 shares during the last quarter. Denali Advisors LLC bought a new stake in shares of Cardinal Health in the 4th quarter valued at approximately $3,908,000. Finally, Longbow Finance SA bought a new stake in shares of Cardinal Health in the 4th quarter valued at approximately $9,922,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Cardinal Health Stock Performance

Shares of CAH stock opened at $129.71 on Friday. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $132.84. The stock has a fifty day moving average of $124.74 and a two-hundred day moving average of $118.06. The firm has a market capitalization of $31.33 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 1.49 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. Equities research analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.5056 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a yield of 1.56%. Cardinal Health’s dividend payout ratio (DPR) is presently 37.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CAH shares. Deutsche Bank Aktiengesellschaft boosted their price target on Cardinal Health from $119.00 to $124.00 and gave the company a “hold” rating in a report on Monday, November 4th. Bank of America upgraded Cardinal Health from a “neutral” rating to a “buy” rating and boosted their price target for the company from $132.00 to $145.00 in a report on Monday, January 6th. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and boosted their price target for the company from $140.00 to $150.00 in a report on Wednesday, February 5th. Evercore ISI upgraded Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price objective for the company in a research report on Tuesday, January 7th. Finally, Barclays boosted 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 analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $139.36.

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.