One Wealth Advisors LLC Cuts Position in Cardinal Health, Inc. (NYSE:CAH)

One Wealth Advisors LLC trimmed its position in Cardinal Health, Inc. (NYSE:CAH) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,084 shares of the company’s stock after selling 124 shares during the quarter. One Wealth Advisors LLC’s holdings in Cardinal Health were worth $451,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Paragon Capital Management Inc. grew its stake in Cardinal Health by 0.7% during the 3rd quarter. Paragon Capital Management Inc. now owns 14,857 shares of the company’s stock valued at $1,642,000 after purchasing an additional 99 shares in the last quarter. Hummer Financial Advisory Services Inc acquired a new stake in Cardinal Health during the 3rd quarter valued at approximately $211,000. Jamison Private Wealth Management Inc. grew its stake in Cardinal Health by 4.0% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 23,813 shares of the company’s stock valued at $2,632,000 after purchasing an additional 915 shares in the last quarter. Swedbank AB grew its stake in Cardinal Health by 0.3% during the 3rd quarter. Swedbank AB now owns 435,371 shares of the company’s stock valued at $48,117,000 after purchasing an additional 1,112 shares in the last quarter. Finally, Birch Capital Management LLC grew its stake in Cardinal Health by 27.6% during the 3rd quarter. Birch Capital Management LLC now owns 28,393 shares of the company’s stock valued at $3,138,000 after purchasing an additional 6,138 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CAH has been the subject of several research reports. StockNews.com upgraded Cardinal Health from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Evercore ISI boosted their price objective on Cardinal Health from $105.00 to $115.00 and gave the company an “in-line” rating in a research report on Thursday, August 15th. Citigroup reduced their price objective on Cardinal Health from $115.00 to $107.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. JPMorgan Chase & Co. boosted their price objective on Cardinal Health from $111.00 to $123.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Cardinal Health from $115.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.36.

Cardinal Health Trading Down 1.1 %

NYSE CAH traded down $1.24 during trading hours on Thursday, reaching $111.31. 155,840 shares of the company’s stock were exchanged, compared to its average volume of 2,084,162. The stock has a market cap of $27.11 billion, a PE ratio of 50.02, a price-to-earnings-growth ratio of 1.57 and a beta of 0.60. Cardinal Health, Inc. has a one year low of $90.19 and a one year high of $116.05. The firm has a fifty day moving average of $110.50 and a 200-day moving average of $103.95.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.10. Cardinal Health had a negative return on equity of 54.85% and a net margin of 0.37%. The firm had revenue of $59.87 billion for the quarter, compared to the consensus estimate of $58.74 billion. During the same quarter in the prior year, the business earned $1.55 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts forecast that Cardinal Health, Inc. will post 7.61 EPS for the current year.

Cardinal Health Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a dividend of $0.506 per share. This represents a $2.02 annualized dividend and a yield of 1.82%. The ex-dividend date was Tuesday, October 1st. This is an increase from Cardinal Health’s previous quarterly dividend of $0.51. Cardinal Health’s dividend payout ratio (DPR) is presently 89.78%.

Insider Buying and Selling

In related news, CFO Aaron E. Alt sold 2,323 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $108.91, for a total transaction of $252,997.93. Following the sale, the chief financial officer now owns 36,867 shares of the company’s stock, valued at approximately $4,015,184.97. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Cardinal Health news, insider Jessica L. Mayer sold 17,896 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $106.48, for a total transaction of $1,905,566.08. Following the completion of the transaction, the insider now owns 94,529 shares in the company, valued at approximately $10,065,447.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aaron E. Alt sold 2,323 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $108.91, for a total value of $252,997.93. Following the transaction, the chief financial officer now owns 36,867 shares of the company’s stock, valued at approximately $4,015,184.97. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,963 shares of company stock valued at $12,379,980. 0.15% of the stock is owned by company insiders.

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.