Kapstone Financial Advisors LLC Boosts Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Kapstone Financial Advisors LLC grew its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,806 shares of the company’s stock after purchasing an additional 160 shares during the quarter. Kapstone Financial Advisors LLC’s holdings in Cardinal Health were worth $614,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Frazier Financial Advisors LLC lifted its holdings in shares of Cardinal Health by 69.8% in 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 position in shares of Cardinal Health during the 3rd quarter valued at $31,000. AM Squared Ltd purchased a new position in Cardinal Health in the 3rd quarter worth $33,000. Kentucky Trust Co bought a new position in shares of Cardinal Health during the fourth quarter valued at about $41,000. Finally, HHM Wealth Advisors LLC lifted its stake in shares of Cardinal Health by 57.6% in the 4th quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock valued at $47,000 after acquiring an additional 144 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Cardinal Health Stock Down 0.4 %

NYSE CAH opened at $128.96 on Tuesday. The firm has a market capitalization of $31.15 billion, a PE ratio of 24.06, a P/E/G ratio of 1.49 and a beta of 0.63. The stock’s 50 day moving average is $124.96 and its 200 day moving average is $118.40. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $132.84.

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

Cardinal Health Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.5056 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 annualized dividend and a dividend yield of 1.57%. Cardinal Health’s payout ratio is 37.69%.

Analysts Set New Price Targets

A number of equities analysts have commented on CAH shares. JPMorgan Chase & Co. lifted their price target on Cardinal Health from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Cardinal Health from $119.00 to $124.00 and gave the company a “hold” rating in a report on Monday, November 4th. UBS Group raised their price target on shares of Cardinal Health from $134.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Argus set a $148.00 target price on shares of Cardinal Health in a report on Tuesday, February 4th. Finally, Citigroup boosted their price target on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

About Cardinal Health

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.