World Investment Advisors LLC Sells 4,745 Shares of Cardinal Health, Inc. (NYSE:CAH)

World Investment Advisors LLC decreased its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 65.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,477 shares of the company’s stock after selling 4,745 shares during the quarter. World Investment Advisors LLC’s holdings in Cardinal Health were worth $274,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CAH. Paragon Capital Management Inc. boosted its holdings in shares of Cardinal Health by 0.7% during the 2nd quarter. Paragon Capital Management Inc. now owns 14,758 shares of the company’s stock valued at $1,451,000 after purchasing an additional 99 shares during the last quarter. Midland Wealth Advisors LLC boosted its stake in Cardinal Health by 4.2% during the second quarter. Midland Wealth Advisors LLC now owns 2,488 shares of the company’s stock valued at $245,000 after buying an additional 100 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in Cardinal Health by 5.1% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,071 shares of the company’s stock valued at $204,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Cardinal Health by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 20,891 shares of the company’s stock worth $2,054,000 after acquiring an additional 100 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of Cardinal Health by 0.9% during the 3rd quarter. Huntington National Bank now owns 10,792 shares of the company’s stock worth $1,193,000 after acquiring an additional 100 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CAH shares. Morgan Stanley boosted their price target on shares of Cardinal Health from $127.00 to $136.00 and gave the stock an “overweight” rating in a research report on Tuesday. Barclays boosted their target price on shares of Cardinal Health from $117.00 to $133.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. increased their price target on shares of Cardinal Health from $111.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. UBS Group boosted their price objective on Cardinal Health from $134.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Argus raised their price objective on Cardinal Health from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

Cardinal Health Stock Up 0.1 %

CAH stock opened at $115.91 on Thursday. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $126.23. The firm has a market cap of $28.05 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.47 and a beta of 0.61. The business’s fifty day simple moving average is $117.31 and its two-hundred day simple moving average is $108.83.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Friday, November 1st. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.62 by $0.26. The company had revenue of $52.28 billion for the quarter, compared to the consensus estimate of $50.90 billion. Cardinal Health had a net margin of 0.56% and a negative return on equity of 56.56%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 EPS. Research analysts expect that Cardinal Health, Inc. will post 7.82 EPS for the current year.

Cardinal Health Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $0.5056 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.74%. Cardinal Health’s payout ratio is 39.30%.

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.