Westfield Capital Management Co. LP Takes Position in Cardinal Health, Inc. $CAH

Westfield Capital Management Co. LP purchased a new stake in Cardinal Health, Inc. (NYSE:CAH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 33,769 shares of the company’s stock, valued at approximately $5,300,000.

Other large investors have also modified their holdings of the company. SJS Investment Consulting Inc. boosted its holdings in Cardinal Health by 1,363.6% during the third quarter. SJS Investment Consulting Inc. now owns 161 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Cardinal Health by 198.3% in the first quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock worth $27,000 after purchasing an additional 14,034 shares during the period. American Capital Advisory LLC lifted its position in shares of Cardinal Health by 5,200.0% during the 3rd quarter. American Capital Advisory LLC now owns 212 shares of the company’s stock worth $33,000 after purchasing an additional 208 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its stake in Cardinal Health by 55.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 200 shares of the company’s stock valued at $34,000 after purchasing an additional 71 shares during the period. Finally, Quent Capital LLC bought a new stake in Cardinal Health during the 3rd quarter valued at approximately $35,000. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on CAH. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cardinal Health in a research report on Wednesday, January 21st. UBS Group set a $260.00 price objective on shares of Cardinal Health and gave the stock a “buy” rating in a research note on Friday, February 6th. TD Cowen upped their target price on shares of Cardinal Health from $233.00 to $251.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Evercore increased their price target on shares of Cardinal Health from $250.00 to $260.00 in a report on Friday, February 6th. Finally, Wall Street Zen lowered shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cardinal Health currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.20.

Cardinal Health Stock Up 0.4%

Shares of CAH opened at $227.10 on Friday. The company has a 50-day moving average price of $213.56 and a two-hundred day moving average price of $186.44. The stock has a market cap of $53.44 billion, a price-to-earnings ratio of 32.68, a P/E/G ratio of 1.46 and a beta of 0.64. Cardinal Health, Inc. has a 12 month low of $120.72 and a 12 month high of $230.81.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, February 5th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.32. The company had revenue of $65.63 billion for the quarter, compared to analyst estimates of $64.88 billion. Cardinal Health had a negative return on equity of 92.50% and a net margin of 0.68%.The company’s revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.93 EPS. Equities research analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.5107 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.9%. Cardinal Health’s dividend payout ratio (DPR) is presently 29.35%.

Cardinal Health Profile

Cardinal Health is a multinational healthcare services and products company headquartered in Dublin, Ohio. Tracing its roots to the early 1970s, the company has grown into a major provider of supply chain and distribution services for the healthcare sector. Cardinal Health operates across a range of service lines that support hospitals, health systems, pharmacies, physician offices and clinical laboratories.

The company’s core activities include the wholesale distribution of branded and generic pharmaceuticals, the supply and distribution of medical-surgical products, and the provision of logistics and inventory management solutions.