Curi RMB Capital LLC Sells 2,905 Shares of Cardinal Health, Inc. (NYSE:CAH)

Curi RMB Capital LLC reduced its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 8.1% during the fourth quarter, Holdings Channel reports. The firm owned 32,804 shares of the company’s stock after selling 2,905 shares during the period. Curi RMB Capital LLC’s holdings in Cardinal Health were worth $3,880,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Cardinal Health by 8.2% during the 3rd quarter. Barclays PLC now owns 707,404 shares of the company’s stock worth $78,183,000 after purchasing an additional 53,851 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Cardinal Health in the third quarter valued at about $846,000. Franklin Resources Inc. grew its position in shares of Cardinal Health by 6.6% during the 3rd quarter. Franklin Resources Inc. now owns 151,185 shares of the company’s stock valued at $16,918,000 after acquiring an additional 9,385 shares during the period. Oddo BHF Asset Management Sas bought a new position in shares of Cardinal Health during the 3rd quarter valued at approximately $497,000. Finally, Copley Financial Group Inc. purchased a new stake in shares of Cardinal Health during the 3rd quarter worth approximately $507,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Cardinal Health Price Performance

Shares of NYSE:CAH opened at $134.61 on Friday. The company has a market cap of $32.52 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 1.49 and a beta of 0.61. Cardinal Health, Inc. has a one year low of $93.17 and a one year high of $139.50. The firm has a fifty day moving average price of $130.03 and a two-hundred day moving average price of $123.24.

Cardinal Health (NYSE:CAH) last posted its earnings results 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%. Equities research analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Tuesday, April 1st. Cardinal Health’s dividend payout ratio is currently 37.69%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CAH shares. Bank of America increased their price objective on Cardinal Health from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, April 11th. Evercore ISI upgraded Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price target for the company in a research note on Tuesday, January 7th. Mizuho boosted their price objective on Cardinal Health from $142.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, March 31st. Citigroup increased their target price on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company boosted their price target on shares of Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cardinal Health presently has an average rating of “Moderate Buy” and an average target price of $140.86.

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.