SBI Securities Co. Ltd. Takes $281,000 Position in Cardinal Health, Inc. (NYSE:CAH)

SBI Securities Co. Ltd. acquired a new stake in Cardinal Health, Inc. (NYSE:CAH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,380 shares of the company’s stock, valued at approximately $281,000.

Several other institutional investors and hedge funds have also made changes to their positions in CAH. State Street Corp boosted its holdings in Cardinal Health by 4.6% during the third quarter. State Street Corp now owns 14,177,641 shares of the company’s stock worth $1,566,913,000 after buying an additional 627,253 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Cardinal Health by 47.9% during the third quarter. Two Sigma Advisers LP now owns 1,069,462 shares of the company’s stock worth $118,197,000 after buying an additional 346,362 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Cardinal Health by 230.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,911 shares of the company’s stock worth $52,819,000 after buying an additional 333,095 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in Cardinal Health by 77.3% during the third quarter. Worldquant Millennium Advisors LLC now owns 593,007 shares of the company’s stock worth $65,539,000 after buying an additional 258,541 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Cardinal Health by 4.7% during the third quarter. Pacer Advisors Inc. now owns 4,290,650 shares of the company’s stock worth $474,203,000 after buying an additional 191,568 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on CAH shares. Morgan Stanley raised 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. TD Cowen raised shares of Cardinal Health from a “hold” rating to a “buy” rating and raised their price objective for the stock from $130.00 to $144.00 in a research note on Wednesday, January 8th. Citigroup raised their price objective on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Argus set a $148.00 price objective on shares of Cardinal Health in a research note on Tuesday, February 4th. Finally, Bank of America raised shares of Cardinal Health from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $132.00 to $145.00 in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $139.36.

Cardinal Health Stock Up 0.9 %

CAH stock opened at $127.50 on Thursday. Cardinal Health, Inc. has a 12-month low of $93.17 and a 12-month high of $132.84. The company has a market cap of $30.80 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 1.49 and a beta of 0.63. The company has a 50 day moving average of $125.28 and a two-hundred day moving average of $118.57.

Cardinal Health (NYSE:CAH) last released 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%. On average, research analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

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