4,378 Shares in Cardinal Health, Inc. (NYSE:CAH) Acquired by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Cardinal Health, Inc. (NYSE:CAH) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,378 shares of the company’s stock, valued at approximately $441,000.

Several other large investors have also made changes to their positions in the business. Benjamin F. Edwards & Company Inc. boosted its holdings in Cardinal Health by 223.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 4,778 shares of the company’s stock valued at $482,000 after purchasing an additional 3,302 shares during the last quarter. Summit Global Investments acquired a new stake in Cardinal Health during the fourth quarter worth about $991,000. Los Angeles Capital Management LLC raised its position in Cardinal Health by 76.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 78,791 shares of the company’s stock valued at $7,942,000 after acquiring an additional 34,204 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in Cardinal Health by 6.1% in the fourth quarter. Natixis Advisors L.P. now owns 341,154 shares of the company’s stock valued at $34,388,000 after acquiring an additional 19,630 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in Cardinal Health by 1.0% in the 4th quarter. First Horizon Advisors Inc. now owns 22,390 shares of the company’s stock worth $2,257,000 after purchasing an additional 213 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Cardinal Health Price Performance

Shares of NYSE:CAH opened at $98.59 on Tuesday. Cardinal Health, Inc. has a 1 year low of $80.90 and a 1 year high of $116.04. The firm has a market capitalization of $24.01 billion, a PE ratio of 43.82, a P/E/G ratio of 1.01 and a beta of 0.71. The business’s 50 day moving average price is $108.86 and its 200-day moving average price is $105.21.

Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, May 2nd. The company reported $2.08 earnings per share (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 company had revenue of $54.90 billion for the quarter, compared to analysts’ expectations of $56.05 billion. During the same quarter in the previous year, the company posted $1.74 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, analysts expect that Cardinal Health, Inc. will post 7.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CAH has been the subject of several recent research reports. Argus raised shares of Cardinal Health from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Wells Fargo & Company cut their price objective on shares of Cardinal Health from $96.00 to $94.00 and set an “underweight” rating for the company in a report on Monday, April 29th. SVB Leerink assumed coverage on shares of Cardinal Health in a research note on Monday, February 26th. They set an “outperform” rating and a $125.00 target price on the stock. UBS Group lifted their price target on Cardinal Health from $122.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Leerink Partnrs reiterated an “outperform” rating on shares of Cardinal Health in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, four 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.79.

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.