Miller Howard Investments Inc. NY increased its holdings in shares of Cardinal Health, Inc. (NYSE:CAH – Get Rating) by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,175,121 shares of the company’s stock after buying an additional 117,629 shares during the quarter. Cardinal Health accounts for approximately 2.3% of Miller Howard Investments Inc. NY’s holdings, making the stock its 10th largest holding. Miller Howard Investments Inc. NY owned 0.42% of Cardinal Health worth $66,629,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AdvisorNet Financial Inc raised its stake in shares of Cardinal Health by 23.3% in the 1st quarter. AdvisorNet Financial Inc now owns 1,028 shares of the company’s stock valued at $58,000 after purchasing an additional 194 shares during the period. Rafferty Asset Management LLC increased its position in shares of Cardinal Health by 2.4% in the fourth quarter. Rafferty Asset Management LLC now owns 9,473 shares of the company’s stock valued at $488,000 after acquiring an additional 222 shares during the last quarter. Shoker Investment Counsel Inc. increased its position in shares of Cardinal Health by 1.2% in the fourth quarter. Shoker Investment Counsel Inc. now owns 18,245 shares of the company’s stock valued at $939,000 after acquiring an additional 224 shares during the last quarter. First Command Financial Services Inc. increased its position in shares of Cardinal Health by 16.5% in the first quarter. First Command Financial Services Inc. now owns 1,580 shares of the company’s stock valued at $89,000 after acquiring an additional 224 shares during the last quarter. Finally, CWA Asset Management Group LLC increased its position in shares of Cardinal Health by 0.3% in the fourth quarter. CWA Asset Management Group LLC now owns 77,580 shares of the company’s stock valued at $3,995,000 after acquiring an additional 234 shares during the last quarter. 84.26% of the stock is currently owned by hedge funds and other institutional investors.
CAH has been the topic of a number of recent research reports. Morgan Stanley raised Cardinal Health from an “equal weight” rating to an “overweight” rating and set a $74.00 target price on the stock in a research report on Tuesday, April 12th. Barclays cut Cardinal Health from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $70.00 to $64.00 in a report on Thursday, May 26th. StockNews.com cut Cardinal Health from a “strong-buy” rating to a “buy” rating in a report on Friday, May 6th. Evercore ISI upgraded Cardinal Health from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $55.00 to $68.00 in a report on Wednesday, May 18th. Finally, TheStreet cut Cardinal Health from a “c+” rating to a “d+” rating in a report on Thursday, May 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Cardinal Health currently has an average rating of “Hold” and an average price target of $60.56.
Cardinal Health (NYSE:CAH – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.09). Cardinal Health had a negative net margin of 0.54% and a positive return on equity of 155.24%. The firm had revenue of $44.84 billion for the quarter, compared to analyst estimates of $43.20 billion. During the same quarter in the prior year, the firm earned $1.53 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, analysts expect that Cardinal Health, Inc. will post 5.19 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, July 1st will be issued a dividend of $0.4957 per share. The ex-dividend date is Thursday, June 30th. This is an increase from Cardinal Health’s previous quarterly dividend of $0.49. This represents a $1.98 annualized dividend and a dividend yield of 3.73%. Cardinal Health’s dividend payout ratio is 29.88%.
Cardinal Health Company Profile (Get Rating)
Cardinal Health, Inc operates as an integrated 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.
- Get a free copy of the StockNews.com research report on Cardinal Health (CAH)
- Schnitzer Steel Witnesses A Strong Quarter On The Back Of Strong Domestic Demand
- MarketBeat: Week in Review 6/27 – 7/1
- Accolade Moves Higher But Growth Is Slowing
- ZIM Integrated Shipping Services (ZIM): Don’t Miss This Dividend
- RH Gives Good Reason To Get Defensive
Receive News & Ratings for Cardinal Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardinal Health and related companies with MarketBeat.com's FREE daily email newsletter.