Cardinal Health, Inc. (NYSE:CAH) Shares Sold by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC decreased its holdings in Cardinal Health, Inc. (NYSE:CAH) by 16.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,675 shares of the company’s stock after selling 525 shares during the period. J. W. Coons Advisors LLC’s holdings in Cardinal Health were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

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

Cardinal Health Trading Up 0.3 %

Cardinal Health stock opened at $127.43 on Tuesday. The stock has a 50 day moving average of $123.84 and a two-hundred day moving average of $117.53. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $132.84. The stock has a market capitalization of $30.78 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.49 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share 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 analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.5056 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.59%. Cardinal Health’s dividend payout ratio (DPR) is 37.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CAH. Mizuho initiated coverage on Cardinal Health in a report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price target for the company. UBS Group upped their price target on Cardinal Health from $134.00 to $139.00 and gave the company a “buy” rating in a report on Monday, November 4th. Bank of America upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating and increased their price target for the company from $132.00 to $145.00 in a research note on Monday, January 6th. Morgan Stanley boosted their price objective on shares of Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Argus set a $148.00 target price on shares of Cardinal Health in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Cardinal Health presently has a consensus rating of “Moderate Buy” and an average price target of $138.40.

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.