3,180 Shares in Cardinal Health, Inc. (NYSE:CAH) Purchased by Bailard Inc.

Bailard Inc. purchased a new stake in Cardinal Health, Inc. (NYSE:CAH) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,180 shares of the company’s stock, valued at approximately $321,000.

Other large investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in Cardinal Health by 82.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,128,009 shares of the company’s stock worth $358,390,000 after acquiring an additional 1,862,291 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Cardinal Health by 118.9% during the fourth quarter. California Public Employees Retirement System now owns 1,516,035 shares of the company’s stock worth $152,816,000 after purchasing an additional 823,520 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Cardinal Health during the fourth quarter worth $464,800,000. Deutsche Bank AG increased its stake in shares of Cardinal Health by 64.9% in the third quarter. Deutsche Bank AG now owns 1,027,670 shares of the company’s stock valued at $89,222,000 after buying an additional 404,609 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Cardinal Health by 17.5% in the fourth quarter. Pacer Advisors Inc. now owns 2,619,561 shares of the company’s stock valued at $264,052,000 after buying an additional 389,431 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CAH shares. SVB Leerink started coverage on shares of Cardinal Health in a report on Monday, February 26th. They set an “outperform” rating and a $125.00 price objective on the stock. Leerink Partnrs reissued an “outperform” rating on shares of Cardinal Health in a report on Monday, February 26th. StockNews.com downgraded Cardinal Health from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 24th. UBS Group lifted their target price on Cardinal Health from $122.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Barclays started coverage on Cardinal Health in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $117.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.07.

Cardinal Health Price Performance

Shares of CAH stock opened at $103.21 on Monday. The stock has a market cap of $25.10 billion, a PE ratio of 40.63, a price-to-earnings-growth ratio of 1.04 and a beta of 0.68. The stock has a 50-day moving average of $109.51 and a 200-day moving average of $104.85. Cardinal Health, Inc. has a one year low of $77.56 and a one year high of $116.04.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, February 1st. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.56 by $0.26. The firm had revenue of $57.45 billion during the quarter, compared to the consensus estimate of $57.02 billion. Cardinal Health had a net margin of 0.30% and a negative return on equity of 57.44%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.32 earnings per share. As a group, research analysts anticipate that Cardinal Health, Inc. will post 7.28 earnings per share for the current year.

Cardinal Health Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a $0.5006 dividend. The ex-dividend date was Thursday, March 28th. This represents a $2.00 dividend on an annualized basis and a yield of 1.94%. Cardinal Health’s payout ratio is 78.74%.

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.