HF Advisory Group LLC Sells 1,045 Shares of Cardinal Health, Inc. (NYSE:CAH)

HF Advisory Group LLC trimmed its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 12.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,429 shares of the company’s stock after selling 1,045 shares during the period. HF Advisory Group LLC’s holdings in Cardinal Health were worth $749,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC bought a new position in shares of Cardinal Health during the 3rd quarter worth approximately $26,000. BKM Wealth Management LLC bought a new stake in shares of Cardinal Health during the 4th quarter worth about $30,000. Retirement Group LLC raised its holdings in Cardinal Health by 1,539.3% in the 4th quarter. Retirement Group LLC now owns 459 shares of the company’s stock valued at $35,000 after acquiring an additional 431 shares during the period. ICA Group Wealth Management LLC bought a new stake in shares of Cardinal Health during the fourth quarter worth approximately $41,000. Finally, Headlands Technologies LLC acquired a new position in shares of Cardinal Health in the third quarter valued at approximately $47,000. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CAH shares. Leerink Partnrs reissued an “outperform” rating on shares of Cardinal Health in a report on Monday, February 26th. Barclays initiated coverage on Cardinal Health in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $117.00 price target for the company. TheStreet lowered Cardinal Health from a “b-” rating to a “c+” rating in a research note on Wednesday, December 27th. SVB Leerink began coverage on Cardinal Health in a report on Monday, February 26th. They set an “outperform” rating and a $125.00 target price on the stock. Finally, UBS Group boosted their price target on Cardinal Health from $122.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.07.

Cardinal Health Price Performance

NYSE CAH traded up $0.31 during mid-day trading on Thursday, reaching $106.83. 131,159 shares of the stock were exchanged, compared to its average volume of 2,225,327. The stock has a 50 day simple moving average of $109.46 and a 200-day simple moving average of $104.02. Cardinal Health, Inc. has a one year low of $77.56 and a one year high of $116.04. The stock has a market cap of $25.98 billion, a P/E ratio of 41.94, a P/E/G ratio of 1.03 and a beta of 0.68.

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

Cardinal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders 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 dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, March 28th. Cardinal Health’s dividend payout ratio is currently 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.