Retireful LLC Invests $760,000 in Cardinal Health, Inc. (NYSE:CAH)

Retireful LLC acquired a new position in Cardinal Health, Inc. (NYSE:CAH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,875 shares of the company’s stock, valued at approximately $760,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Eastern Bank acquired a new stake in Cardinal Health in the 3rd quarter worth $25,000. Frazier Financial Advisors LLC grew its position in Cardinal Health by 69.8% during the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock worth $28,000 after buying an additional 104 shares in the last quarter. Cultivar Capital Inc. bought a new position in Cardinal Health during the second quarter valued at about $27,000. Hara Capital LLC acquired a new position in Cardinal Health in the 3rd quarter valued at approximately $31,000. Finally, LRI Investments LLC acquired a new position in Cardinal Health in the 1st quarter valued at approximately $32,000. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Trading Down 1.4 %

Cardinal Health stock opened at $118.35 on Wednesday. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $126.14. The company’s 50-day moving average is $113.36 and its two-hundred day moving average is $105.47. The company has a market cap of $28.64 billion, a PE ratio of 23.03, a PEG ratio of 1.48 and a beta of 0.60.

Cardinal Health (NYSE:CAH) last issued its earnings results on Friday, November 1st. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.62 by $0.26. The company had revenue of $52.28 billion during the quarter, compared to analysts’ expectations of $50.90 billion. Cardinal Health had a net margin of 0.56% and a negative return on equity of 56.56%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 EPS. Research analysts forecast that Cardinal Health, Inc. will post 7.83 EPS for the current year.

Cardinal Health Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a $0.5056 dividend. This represents a $2.02 annualized dividend and a yield of 1.71%. The ex-dividend date is Thursday, January 2nd. Cardinal Health’s payout ratio is presently 39.30%.

Wall Street Analyst Weigh In

CAH has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their target price on Cardinal Health from $119.00 to $124.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Argus raised their price objective on shares of Cardinal Health from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Evercore ISI upped their target price on shares of Cardinal Health from $105.00 to $115.00 and gave the company an “in-line” rating in a research note on Thursday, August 15th. Morgan Stanley raised their price objective on shares of Cardinal Health from $119.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company increased their price target on Cardinal Health from $95.00 to $101.00 and gave the stock an “underweight” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.00.

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.