2,350 Shares in Cardinal Health, Inc. (NYSE:CAH) Acquired by one8zero8 LLC

one8zero8 LLC purchased a new position in Cardinal Health, Inc. (NYSE:CAH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,350 shares of the company’s stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rothschild Investment LLC increased its holdings in Cardinal Health by 10.1% during the 4th quarter. Rothschild Investment LLC now owns 858 shares of the company’s stock valued at $101,000 after purchasing an additional 79 shares during the period. Private Trust Co. NA grew its position in shares of Cardinal Health by 11.0% in the 4th quarter. Private Trust Co. NA now owns 930 shares of the company’s stock worth $110,000 after buying an additional 92 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Cardinal Health by 2.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company’s stock valued at $411,000 after buying an additional 93 shares during the period. MWA Asset Management increased its stake in shares of Cardinal Health by 2.9% during the fourth quarter. MWA Asset Management now owns 3,324 shares of the company’s stock valued at $393,000 after buying an additional 95 shares during the period. Finally, Transcend Capital Advisors LLC raised its holdings in shares of Cardinal Health by 3.6% during the fourth quarter. Transcend Capital Advisors LLC now owns 2,735 shares of the company’s stock valued at $323,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Trading Up 1.5 %

Cardinal Health stock opened at $128.20 on Monday. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $132.84. The business’s fifty day simple moving average is $126.33 and its two-hundred day simple moving average is $119.44. The company has a market capitalization of $30.97 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.93 EPS for the quarter, beating the consensus estimate 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, equities research analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.5056 dividend. 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 1.58%. Cardinal Health’s payout ratio is currently 37.69%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and lifted their price target for the company from $140.00 to $150.00 in a report on Wednesday, February 5th. Morgan Stanley lifted their target price on shares of Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. TD Cowen raised shares of Cardinal Health from a “hold” rating to a “buy” rating and increased their price target for the stock from $130.00 to $144.00 in a research note on Wednesday, January 8th. Mizuho started coverage on Cardinal Health in a research report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their target price on Cardinal Health from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.