Community Bank & Trust Waco Texas Invests $515,000 in Cardinal Health, Inc. (NYSE:CAH)

Community Bank & Trust Waco Texas purchased a new stake in shares of Cardinal Health, Inc. (NYSE:CAH) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,114 shares of the company’s stock, valued at approximately $515,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cornerstone Wealth Management LLC purchased a new stake in shares of Cardinal Health during the 4th quarter valued at $209,000. Nordea Investment Management AB lifted its position in Cardinal Health by 50.5% in the 4th quarter. Nordea Investment Management AB now owns 184,537 shares of the company’s stock worth $18,649,000 after buying an additional 61,933 shares during the last quarter. Vest Financial LLC boosted its stake in shares of Cardinal Health by 15.9% during the fourth quarter. Vest Financial LLC now owns 282,440 shares of the company’s stock valued at $28,470,000 after purchasing an additional 38,769 shares during the period. Bellwether Advisors LLC bought a new stake in Cardinal Health in the fourth quarter valued at $6,290,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in Cardinal Health by 30.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 547,525 shares of the company’s stock worth $54,618,000 after purchasing an additional 126,668 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Cardinal Health Price Performance

Shares of Cardinal Health stock traded down $0.10 during trading on Wednesday, hitting $103.27. 727,232 shares of the company’s stock traded hands, compared to its average volume of 2,256,110. Cardinal Health, Inc. has a 1 year low of $77.56 and a 1 year high of $116.04. The business has a 50-day simple moving average of $109.56 and a 200-day simple moving average of $104.60. The stock has a market capitalization of $25.12 billion, a P/E ratio of 40.70, a PEG ratio of 0.99 and a beta of 0.68.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.26. Cardinal Health had a net margin of 0.30% and a negative return on equity of 57.44%. The firm had revenue of $57.45 billion for the quarter, compared to the consensus estimate of $57.02 billion. During the same quarter last year, the firm posted $1.32 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, equities analysts predict that Cardinal Health, Inc. will post 7.28 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.5006 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.00 dividend on an annualized basis and a yield of 1.94%. Cardinal Health’s dividend payout ratio is presently 78.74%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. TheStreet downgraded shares of Cardinal Health from a “b-” rating to a “c+” rating in a research note on Wednesday, December 27th. Leerink Partnrs reaffirmed an “outperform” rating on shares of Cardinal Health in a research note on Monday, February 26th. Argus raised Cardinal Health from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. SVB Leerink began coverage on shares of Cardinal Health in a research report on Monday, February 26th. They issued an “outperform” rating and a $125.00 target price on the stock. Finally, UBS Group lifted their price target on shares of Cardinal Health from $122.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cardinal Health has an average rating of “Moderate Buy” and a consensus price target of $103.07.

Cardinal Health Company 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.