Cardinal Health, Inc. (NYSE:CAH) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,728 shares of the company’s stock after selling 450 shares during the period. Yousif Capital Management LLC’s holdings in Cardinal Health were worth $14,387,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new stake in shares of Cardinal Health during the 3rd quarter worth $26,000. BKM Wealth Management LLC purchased a new stake in Cardinal Health during the fourth quarter worth about $30,000. Wetzel Investment Advisors Inc. acquired a new position in Cardinal Health during the fourth quarter worth about $36,000. Headlands Technologies LLC purchased a new position in shares of Cardinal Health in the third quarter valued at $47,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in shares of Cardinal Health during the 4th quarter worth approximately $59,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Leerink Partnrs reaffirmed an “outperform” rating on shares of Cardinal Health in a research report on Monday, February 26th. Barclays started coverage on shares of Cardinal Health in a report on Wednesday, January 3rd. They issued an “overweight” rating and a $117.00 price objective on the stock. TheStreet downgraded Cardinal Health from a “b-” rating to a “c+” rating in a research note on Wednesday, December 27th. SVB Leerink initiated coverage on Cardinal Health in a research note on Monday, February 26th. They issued an “outperform” rating and a $125.00 target price for the company. Finally, Argus raised shares of Cardinal Health from a “hold” rating to a “buy” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong 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 $103.07.

Cardinal Health Stock Performance

Shares of NYSE:CAH traded down $0.18 during trading on Wednesday, reaching $103.19. The company had a trading volume of 1,388,069 shares, compared to its average volume of 2,265,121. Cardinal Health, Inc. has a twelve month low of $77.56 and a twelve month high of $116.04. The firm has a market capitalization of $25.10 billion, a PE ratio of 40.70, a price-to-earnings-growth ratio of 0.99 and a beta of 0.68. The firm’s fifty day moving average is $109.56 and its 200 day moving average is $104.60.

Cardinal Health (NYSE:CAH) last released its earnings results on Thursday, February 1st. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.26. Cardinal Health had a negative return on equity of 57.44% and a net margin of 0.30%. The firm had revenue of $57.45 billion during the quarter, compared to the consensus estimate of $57.02 billion. During the same period in the prior year, the firm posted $1.32 earnings per share. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities analysts predict that Cardinal Health, Inc. will post 7.28 earnings per share for the current fiscal year.

Cardinal Health Announces Dividend

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

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.