Sei Investments Co. Sells 74,685 Shares of Cardinal Health, Inc. (NYSE:CAH)

Sei Investments Co. decreased its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 13.9% during the fourth quarter, HoldingsChannel reports. The fund owned 461,390 shares of the company’s stock after selling 74,685 shares during the quarter. Sei Investments Co.’s holdings in Cardinal Health were worth $54,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Cardinal Health Price Performance

Shares of NYSE CAH opened at $131.80 on Monday. The stock has a market capitalization of $31.84 billion, a P/E ratio of 24.59, a PEG ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a one year low of $93.17 and a one year high of $133.67. The firm’s 50 day simple moving average is $127.35 and its two-hundred day simple moving average is $120.08.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, topping 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 expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The business 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. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.53%. Cardinal Health’s payout ratio is 37.69%.

Analysts Set New Price Targets

CAH has been the subject of several recent analyst reports. Evercore ISI raised shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price objective for the company in a research note on Tuesday, January 7th. Citigroup upped their price target on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Bank of America upgraded Cardinal Health from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $132.00 to $145.00 in a research report on Monday, January 6th. Finally, Mizuho assumed coverage on Cardinal Health in a report on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 price target on the stock. 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 currently has an average rating of “Moderate Buy” and a consensus price target of $139.36.

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.