Capital Investment Advisory Services LLC Sells 323 Shares of Cardinal Health, Inc. (NYSE:CAH)

Capital Investment Advisory Services LLC reduced its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 6.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,074 shares of the company’s stock after selling 323 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Cardinal Health were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CAH. Cornerstone Planning Group LLC acquired a new stake in shares of Cardinal Health during the third quarter worth $26,000. BKM Wealth Management LLC acquired a new stake in Cardinal Health in the 4th quarter worth about $30,000. Wetzel Investment Advisors Inc. bought a new stake in Cardinal Health in the 4th quarter valued at about $36,000. Headlands Technologies LLC acquired a new position in shares of Cardinal Health during the 3rd quarter worth approximately $47,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of Cardinal Health during the fourth quarter worth approximately $59,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CAH. SVB Leerink started coverage on Cardinal Health in a research report on Monday, February 26th. They set an “outperform” rating and a $125.00 price target on the stock. Leerink Partnrs reissued an “outperform” rating on shares of Cardinal Health in a report on Monday, February 26th. Argus upgraded Cardinal Health from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. TheStreet downgraded shares of Cardinal Health from a “b-” rating to a “c+” rating in a research note on Wednesday, December 27th. Finally, Barclays began coverage on shares of Cardinal Health in a report on Wednesday, January 3rd. They issued an “overweight” rating and a $117.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.07.

Cardinal Health Stock Performance

Shares of CAH opened at $102.83 on Tuesday. Cardinal Health, Inc. has a 52 week low of $77.56 and a 52 week high of $116.04. The stock has a market capitalization of $25.01 billion, a price-to-earnings ratio of 40.48, a PEG ratio of 1.04 and a beta of 0.68. The stock has a fifty day moving average of $109.58 and a 200-day moving average of $104.50.

Cardinal Health (NYSE:CAH) last posted 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 negative return on equity of 57.44% and a net margin of 0.30%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the company earned $1.32 earnings per share. As a group, equities analysts forecast that Cardinal Health, Inc. will post 7.28 EPS for the current year.

Cardinal Health Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a dividend of $0.5006 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, March 28th. 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.