Kentucky Retirement Systems Sells 231 Shares of Cardinal Health, Inc. (NYSE:CAH)

Kentucky Retirement Systems lessened its stake in Cardinal Health, Inc. (NYSE:CAH) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,757 shares of the company’s stock after selling 231 shares during the quarter. Kentucky Retirement Systems’ holdings in Cardinal Health were worth $1,982,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. MWA Asset Management lifted its holdings in shares of Cardinal Health by 2.9% in the fourth quarter. MWA Asset Management now owns 3,324 shares of the company’s stock valued at $393,000 after purchasing an additional 95 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Cardinal Health by 0.9% in the third quarter. Huntington National Bank now owns 10,792 shares of the company’s stock valued at $1,193,000 after purchasing an additional 100 shares in the last quarter. Frazier Financial Advisors LLC lifted its holdings in shares of Cardinal Health by 69.8% in the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock valued at $28,000 after purchasing an additional 104 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Cardinal Health by 29.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 464 shares of the company’s stock valued at $55,000 after purchasing an additional 106 shares in the last quarter. Finally, Patron Partners LLC lifted its holdings in shares of Cardinal Health by 6.1% in the fourth quarter. Patron Partners LLC now owns 2,043 shares of the company’s stock valued at $242,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Down 0.3 %

Shares of NYSE:CAH opened at $126.96 on Friday. The firm has a market capitalization of $30.67 billion, a PE ratio of 23.69, a P/E/G ratio of 1.49 and a beta of 0.63. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $132.84. The company has a 50-day moving average price of $123.62 and a two-hundred day moving average price of $117.21.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, January 30th. The company reported $1.93 earnings per share 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%. Analysts anticipate that Cardinal Health, Inc. will post 7.95 earnings per share 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 given 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 yield of 1.59%. Cardinal Health’s dividend payout ratio is presently 37.69%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CAH. JPMorgan Chase & Co. raised their target price on Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, February 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 report on Tuesday, January 7th. StockNews.com downgraded Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 3rd. Barclays increased their price target on Cardinal Health from $117.00 to $133.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.40.

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.