LMR Partners LLP Acquires Shares of 48,589 Cardinal Health, Inc. (NYSE:CAH)

LMR Partners LLP acquired a new position in Cardinal Health, Inc. (NYSE:CAH) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 48,589 shares of the company’s stock, valued at approximately $5,747,000.

A number of other large investors have also recently made changes to their positions in CAH. Lighthouse Investment Partners LLC purchased a new stake in Cardinal Health during the 4th quarter valued at $1,064,000. Integral Health Asset Management LLC purchased a new position in Cardinal Health during the fourth quarter worth $29,568,000. Iron Triangle Partners LP bought a new position in Cardinal Health during the fourth quarter valued at $21,998,000. Jefferies Financial Group Inc. raised its stake in shares of Cardinal Health by 165.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 216,047 shares of the company’s stock valued at $25,552,000 after acquiring an additional 134,641 shares during the period. Finally, Junto Capital Management LP purchased a new stake in shares of Cardinal Health in the fourth quarter valued at $92,811,000. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CAH shares. UBS Group upped their price target on shares of Cardinal Health from $150.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Mizuho boosted their target price on Cardinal Health from $142.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, March 31st. JPMorgan Chase & Co. upped their target price on Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Robert W. Baird raised their price target on Cardinal Health from $156.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company boosted their price objective on Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $146.43.

Cardinal Health Stock Up 0.2%

Shares of NYSE CAH opened at $148.50 on Tuesday. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $154.07. The firm has a market cap of $35.44 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. The business has a fifty day simple moving average of $135.07 and a two-hundred day simple moving average of $126.77.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, May 1st. The company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.20. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. The firm had revenue of $54.88 billion during the quarter, compared to the consensus estimate of $55.33 billion. During the same period in the previous year, the company posted $2.08 earnings per share. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a $0.5107 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Tuesday, July 1st. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. Cardinal Health’s dividend payout ratio is presently 31.83%.

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.