United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Takes Position in Cardinal Health, Inc. (NYSE:CAH)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Cardinal Health, Inc. (NYSE:CAH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,100 shares of the company’s stock, valued at approximately $248,000.

Several other large investors also recently added to or reduced their stakes in CAH. Cyrus J. Lawrence LLC purchased a new position in shares of Cardinal Health in the 4th quarter worth approximately $26,000. Promus Capital LLC purchased a new position in Cardinal Health during the fourth quarter worth $30,000. Lee Danner & Bass Inc. bought a new position in Cardinal Health during the fourth quarter valued at $35,000. Kentucky Trust Co purchased a new stake in shares of Cardinal Health in the fourth quarter valued at $41,000. Finally, HHM Wealth Advisors LLC lifted its holdings 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 worth $47,000 after acquiring an additional 144 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CAH has been the topic of several analyst reports. Bank of America upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating and upped their price target for the company from $132.00 to $145.00 in a report on Monday, January 6th. Wells Fargo & Company increased their price target on Cardinal Health from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Morgan Stanley upped 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. Mizuho initiated coverage on Cardinal Health in a research report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 target price for the company. Finally, TD Cowen upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and upped their price target for the stock from $130.00 to $144.00 in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cardinal Health has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Cardinal Health Stock Performance

Shares of CAH opened at $133.91 on Thursday. The company has a 50 day moving average price of $127.96 and a 200-day moving average price of $120.48. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $134.86. The stock has a market capitalization of $32.35 billion, a PE ratio of 24.98, a PEG ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a yield of 1.51%. Cardinal Health’s dividend payout ratio is presently 37.69%.

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.