MassMutual Private Wealth & Trust FSB Acquires 353 Shares of Cardinal Health, Inc. (NYSE:CAH)

MassMutual Private Wealth & Trust FSB lifted its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 32.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,438 shares of the company’s stock after acquiring an additional 353 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Cardinal Health were worth $170,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CAH. Eastern Bank purchased a new stake in Cardinal Health in the third quarter worth approximately $25,000. Frazier Financial Advisors LLC boosted its holdings in Cardinal Health by 69.8% in the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock worth $28,000 after purchasing an additional 104 shares during the last quarter. Hara Capital LLC purchased a new stake in Cardinal Health in the third quarter worth approximately $31,000. AM Squared Ltd purchased a new stake in Cardinal Health in the third quarter worth approximately $33,000. Finally, Carolina Wealth Advisors LLC purchased a new stake in Cardinal Health in the third quarter worth approximately $47,000. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. TD Cowen upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and lifted their price target for the stock from $130.00 to $144.00 in a research note on Wednesday, January 8th. Evercore ISI upgraded shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price target on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company upgraded shares of Cardinal Health from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $101.00 to $127.00 in a research note on Friday, December 13th. Bank of America upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $132.00 to $145.00 in a research note on Monday, January 6th. Finally, Barclays lifted their price target on shares of Cardinal Health from $117.00 to $133.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.29.

Cardinal Health Stock Performance

Shares of NYSE CAH opened at $128.73 on Thursday. The company’s fifty day moving average price is $120.99 and its 200 day moving average price is $112.58. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $129.36. The company has a market capitalization of $31.15 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 1.54 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.26. Cardinal Health had a net margin of 0.56% and a negative return on equity of 56.56%. The firm had revenue of $52.28 billion for the quarter, compared to the consensus estimate of $50.90 billion. During the same period in the prior year, the firm posted $1.73 earnings per share. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, equities analysts expect that Cardinal Health, Inc. will post 7.82 EPS for the current year.

Cardinal Health Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Thursday, January 2nd. Cardinal Health’s payout ratio is 39.30%.

Cardinal Health 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.