Vest Financial LLC Decreases Stake in Cardinal Health, Inc. (NYSE:CAH)

Vest Financial LLC reduced its position in Cardinal Health, Inc. (NYSE:CAH) by 0.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 506,051 shares of the company’s stock after selling 1,347 shares during the quarter. Cardinal Health comprises about 1.1% of Vest Financial LLC’s holdings, making the stock its 9th biggest holding. Vest Financial LLC’s holdings in Cardinal Health were worth $59,851,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Eastern Bank bought a new position in Cardinal Health in the 3rd quarter worth about $25,000. Frazier Financial Advisors LLC grew its holdings in shares of Cardinal Health by 69.8% during the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock worth $28,000 after purchasing an additional 104 shares in the last quarter. Hara Capital LLC bought a new position in shares of Cardinal Health in the third quarter worth approximately $31,000. AM Squared Ltd purchased a new stake in Cardinal Health in the third quarter valued at approximately $33,000. Finally, HHM Wealth Advisors LLC lifted its position in Cardinal Health by 57.6% during the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock valued at $47,000 after purchasing an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Cardinal Health Trading Up 0.4 %

CAH stock opened at $127.62 on Friday. The stock has a market capitalization of $30.83 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.46 and a beta of 0.63. The firm’s 50-day moving average price is $122.46 and its two-hundred day moving average price is $115.14. Cardinal Health, Inc. has a 12-month low of $93.17 and a 12-month high of $132.84.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. Equities analysts predict that Cardinal Health, Inc. will post 7.92 EPS for the current year.

Cardinal Health Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s payout ratio is 37.69%.

Wall Street Analyst Weigh In

CAH has been the topic of a number of research analyst reports. Jefferies Financial Group raised shares of Cardinal Health from a “hold” rating to a “buy” rating and increased their price target for the stock from $140.00 to $150.00 in a report on Wednesday. Morgan Stanley raised their price objective on Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Mizuho began coverage on Cardinal Health in a research report on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 target price for the company. UBS Group increased their price target on shares of Cardinal Health from $134.00 to $139.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Cardinal Health from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Cardinal Health currently has a consensus rating of “Moderate Buy” and an average target price of $136.87.

About Cardinal Health

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.