QRG Capital Management Inc. Buys 2,467 Shares of Cardinal Health, Inc. (NYSE:CAH)

QRG Capital Management Inc. lifted its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,602 shares of the company’s stock after buying an additional 2,467 shares during the period. QRG Capital Management Inc.’s holdings in Cardinal Health were worth $3,856,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Frazier Financial Advisors LLC increased its holdings in 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 purchasing an additional 104 shares in the last quarter. Hara Capital LLC bought a new stake in shares of Cardinal Health during the third quarter worth about $31,000. AM Squared Ltd acquired a new position in shares of Cardinal Health in the third quarter valued at approximately $33,000. Kentucky Trust Co bought a new position in Cardinal Health in the 4th quarter valued at approximately $41,000. Finally, HHM Wealth Advisors LLC boosted its position in Cardinal Health by 57.6% during the 4th quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock worth $47,000 after buying an additional 144 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CAH has been the subject of several recent research reports. 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 research report on Monday, November 4th. 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. UBS Group upped their price target on Cardinal Health from $134.00 to $139.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Evercore ISI raised 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. Finally, Barclays lifted their price objective on Cardinal Health from $117.00 to $133.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Cardinal Health Stock Performance

Cardinal Health stock opened at $129.71 on Friday. The stock has a market capitalization of $31.33 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 1.49 and a beta of 0.63. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $132.84. The stock’s 50 day moving average price is $124.74 and its two-hundred day moving average price is $118.16.

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

Cardinal Health Announces Dividend

The company also recently declared 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 of this dividend is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.56%. Cardinal Health’s payout ratio is currently 37.69%.

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.