Meiji Yasuda Asset Management Co Ltd. Has $7.78 Million Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Meiji Yasuda Asset Management Co Ltd. lessened its stake in Cardinal Health, Inc. (NYSE:CAH) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,807 shares of the company’s stock after selling 564 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Cardinal Health were worth $7,783,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Cyrus J. Lawrence LLC acquired a new position in shares of Cardinal Health in the 4th quarter valued at $26,000. Promus Capital LLC acquired a new stake in Cardinal Health during the 4th quarter worth approximately $30,000. Lee Danner & Bass Inc. bought a new position in Cardinal Health in the fourth quarter valued at approximately $35,000. Kentucky Trust Co acquired a new position in shares of Cardinal Health in the fourth quarter valued at approximately $41,000. Finally, HHM Wealth Advisors LLC increased its position in shares of Cardinal Health by 57.6% during the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock worth $47,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Evercore ISI raised Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 target price on the stock in a research report on Tuesday, January 7th. Mizuho assumed coverage on Cardinal Health in a research report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price target for the company. Wells Fargo & Company boosted their price target on Cardinal Health from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Finally, TD Cowen raised shares of Cardinal Health from a “hold” rating to a “buy” rating and lifted their price objective for the company from $130.00 to $144.00 in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $139.36.

Cardinal Health Trading Up 1.0 %

CAH stock opened at $133.25 on Tuesday. The stock has a market capitalization of $32.19 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. The firm has a 50-day moving average price of $127.60 and a 200-day moving average price of $120.24. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $133.67.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.93 EPS 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%. As a group, equities analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

The firm 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 dividend of $0.5056 per share. This represents a $2.02 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s payout ratio is 37.69%.

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.