Cardinal Health, Inc. (NYSE:CAH) is Cambridge Financial Group Inc.’s 2nd Largest Position

Cambridge Financial Group Inc. reduced its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 9.5% during the 4th quarter, HoldingsChannel reports. The fund owned 77,546 shares of the company’s stock after selling 8,106 shares during the period. Cardinal Health accounts for 3.9% of Cambridge Financial Group Inc.’s portfolio, making the stock its 2nd biggest position. Cambridge Financial Group Inc.’s holdings in Cardinal Health were worth $7,817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Clearstead Trust LLC acquired a new stake in Cardinal Health in the 4th quarter valued at $25,000. Cornerstone Planning Group LLC purchased a new position in Cardinal Health during the third quarter valued at $26,000. BKM Wealth Management LLC acquired a new stake in shares of Cardinal Health in the fourth quarter valued at about $30,000. Hexagon Capital Partners LLC increased its stake in shares of Cardinal Health by 53.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 338 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of Cardinal Health during the 4th quarter worth about $36,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on CAH. Wells Fargo & Company lowered their price objective on Cardinal Health from $96.00 to $94.00 and set an “underweight” rating on the stock in a report on Monday, April 29th. Robert W. Baird reduced their price objective on Cardinal Health from $134.00 to $128.00 and set an “outperform” rating for the company in a research note on Friday. UBS Group raised their price objective on Cardinal Health from $122.00 to $125.00 and gave the company a “buy” rating in a report on Monday, February 5th. StockNews.com raised shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Leerink Partnrs reissued an “outperform” rating on shares of Cardinal Health in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Cardinal Health has an average rating of “Moderate Buy” and an average price target of $105.79.

Cardinal Health Price Performance

CAH traded down $4.07 during trading hours on Friday, reaching $98.91. The company’s stock had a trading volume of 3,446,183 shares, compared to its average volume of 2,028,678. The stock has a market cap of $24.06 billion, a PE ratio of 43.96, a P/E/G ratio of 1.03 and a beta of 0.71. Cardinal Health, Inc. has a fifty-two week low of $77.56 and a fifty-two week high of $116.04. The business’s 50-day moving average is $109.10 and its 200-day moving average is $105.01.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $2.08 EPS for the quarter, topping the consensus estimate of $1.95 by $0.13. Cardinal Health had a net margin of 0.25% and a negative return on equity of 54.74%. The firm had revenue of $54.90 billion for the quarter, compared to analyst estimates of $56.05 billion. During the same period in the prior year, the business posted $1.74 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts expect that Cardinal Health, Inc. will post 7.34 EPS for the current year.

Cardinal Health Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a $0.5006 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.02%. Cardinal Health’s dividend payout ratio is presently 88.89%.

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.