Humankind Investments LLC Sells 817 Shares of Cardinal Health, Inc. (NYSE:CAH)

Humankind Investments LLC lessened its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 16.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,026 shares of the company’s stock after selling 817 shares during the period. Humankind Investments LLC’s holdings in Cardinal Health were worth $406,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. lifted its stake in Cardinal Health by 82.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,128,009 shares of the company’s stock valued at $358,390,000 after acquiring an additional 1,862,291 shares in the last quarter. Northern Trust Corp lifted its stake in Cardinal Health by 0.9% in the 3rd quarter. Northern Trust Corp now owns 3,340,547 shares of the company’s stock valued at $290,026,000 after acquiring an additional 28,412 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Cardinal Health by 17.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,619,561 shares of the company’s stock valued at $264,052,000 after acquiring an additional 389,431 shares in the last quarter. Norges Bank bought a new stake in Cardinal Health in the 4th quarter valued at approximately $258,499,000. Finally, AQR Capital Management LLC lifted its stake in Cardinal Health by 0.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,496,531 shares of the company’s stock valued at $216,749,000 after acquiring an additional 19,287 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CAH shares. Wells Fargo & Company cut their target price on Cardinal Health from $96.00 to $94.00 and set an “underweight” rating on the stock in a research note on Monday, April 29th. Leerink Partnrs reaffirmed an “outperform” rating on shares of Cardinal Health in a research report on Monday, February 26th. Robert W. Baird lowered their price target on Cardinal Health from $134.00 to $128.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Evercore ISI boosted their price target on Cardinal Health from $110.00 to $115.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Finally, Argus lowered their price target on Cardinal Health from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.57.

Cardinal Health Trading Down 0.3 %

CAH stock traded down $0.29 during trading hours on Friday, hitting $98.51. 1,651,043 shares of the stock were exchanged, compared to its average volume of 1,732,546. The firm has a market capitalization of $23.99 billion, a P/E ratio of 43.78, a P/E/G ratio of 1.12 and a beta of 0.64. The company has a 50-day simple moving average of $101.95 and a two-hundred day simple moving average of $105.03. Cardinal Health, Inc. has a 12 month low of $83.78 and a 12 month high of $116.04.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.13. The firm had revenue of $54.90 billion for the quarter, compared to analysts’ expectations of $56.05 billion. Cardinal Health had a negative return on equity of 54.74% and a net margin of 0.25%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.74 EPS. On average, equities research analysts predict that Cardinal Health, Inc. will post 7.35 earnings per share for the current year.

Cardinal Health Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be given a dividend of $0.5056 per share. This is a boost from Cardinal Health’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, July 1st. This represents a $2.02 annualized dividend and a yield of 2.05%. Cardinal Health’s dividend payout ratio (DPR) is presently 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.