Buckley Wealth Management LLC Sells 285 Shares of Cardinal Health, Inc. (NYSE:CAH)

Buckley Wealth Management LLC lowered its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 2.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 11,057 shares of the company’s stock after selling 285 shares during the period. Buckley Wealth Management LLC’s holdings in Cardinal Health were worth $1,237,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in shares of Cardinal Health by 82.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,128,009 shares of the company’s stock worth $358,390,000 after purchasing an additional 1,862,291 shares during the period. Pacer Advisors Inc. lifted its position in shares of Cardinal Health by 17.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,619,561 shares of the company’s stock worth $264,052,000 after purchasing an additional 389,431 shares during the period. Norges Bank purchased a new stake in shares of Cardinal Health in the 4th quarter worth about $258,499,000. AQR Capital Management LLC lifted its position in shares of Cardinal Health by 0.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,496,531 shares of the company’s stock worth $216,749,000 after purchasing an additional 19,287 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of Cardinal Health by 118.9% in the 4th quarter. California Public Employees Retirement System now owns 1,516,035 shares of the company’s stock worth $152,816,000 after purchasing an additional 823,520 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Evercore ISI raised their target price on shares of Cardinal Health from $110.00 to $115.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Wells Fargo & Company lowered their price target on shares of Cardinal Health from $96.00 to $94.00 and set an “underweight” rating for the company in a research report on Monday, April 29th. Robert W. Baird lowered their price target on shares of Cardinal Health from $134.00 to $128.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. StockNews.com raised shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Argus lowered their price target on shares of Cardinal Health from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $109.67.

Cardinal Health Stock Up 0.1 %

NYSE:CAH traded up $0.11 during trading hours on Friday, hitting $99.73. 719,872 shares of the stock traded hands, compared to its average volume of 2,192,812. Cardinal Health, Inc. has a 1 year low of $85.11 and a 1 year high of $116.04. The company has a market cap of $24.29 billion, a price-to-earnings ratio of 44.28, a price-to-earnings-growth ratio of 1.15 and a beta of 0.64. The stock has a 50 day moving average price of $100.08 and a 200 day moving average price of $104.59.

Cardinal Health (NYSE:CAH) last released its earnings results 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 the consensus estimate of $56.05 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities analysts forecast that Cardinal Health, Inc. will post 7.35 earnings per share for the current fiscal year.

Cardinal Health Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a $0.5056 dividend. This represents a $2.02 annualized dividend and a yield of 2.03%. The ex-dividend date is Monday, July 1st. This is a boost from Cardinal Health’s previous quarterly dividend of $0.50. Cardinal Health’s payout ratio is currently 88.89%.

About Cardinal Health

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.