Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 3,045 Shares of Cardinal Health, Inc. (NYSE:CAH)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group decreased its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 22.3% in the 4th quarter, Holdings Channel reports. The fund owned 10,635 shares of the company’s stock after selling 3,045 shares during the quarter. Cardinal Health accounts for approximately 0.7% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s investment portfolio, making the stock its 23rd biggest position. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Cardinal Health were worth $1,258,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CAH. Avantax Advisory Services Inc. boosted its holdings in Cardinal Health by 1.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,034 shares of the company’s stock worth $950,000 after purchasing an additional 99 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Cardinal Health by 4.0% during the fourth quarter. Farther Finance Advisors LLC now owns 7,732 shares of the company’s stock worth $914,000 after purchasing an additional 297 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Cardinal Health by 14.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,799 shares of the company’s stock worth $1,041,000 after purchasing an additional 1,129 shares during the last quarter. Summit X LLC boosted its holdings in Cardinal Health by 15.6% during the fourth quarter. Summit X LLC now owns 2,688 shares of the company’s stock worth $318,000 after purchasing an additional 362 shares during the last quarter. Finally, AGF Management Ltd. boosted its holdings in Cardinal Health by 342.3% during the fourth quarter. AGF Management Ltd. now owns 26,108 shares of the company’s stock worth $3,088,000 after purchasing an additional 20,205 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Jefferies Financial Group upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and increased their price target for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Wells Fargo & Company increased 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 note on Tuesday, February 4th. Evercore ISI upgraded shares of 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, JPMorgan Chase & Co. increased their price target on shares of Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Cardinal Health presently has an average rating of “Moderate Buy” and a consensus target price of $139.36.

Cardinal Health Stock Performance

NYSE CAH opened at $126.87 on Thursday. The firm has a 50-day moving average of $125.99 and a 200-day moving average of $119.14. The stock has a market cap of $30.65 billion, a PE ratio of 23.67, a P/E/G ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $132.84.

Cardinal Health (NYSE:CAH) last posted its earnings results on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. As a group, analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

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