Menta Capital LLC Purchases 20,114 Shares of Cardinal Health Inc (CAH)

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Menta Capital LLC increased its position in Cardinal Health Inc (NYSE:CAH) by 349.6% in the first quarter, Holdings Channel reports. The institutional investor owned 25,868 shares of the company’s stock after buying an additional 20,114 shares during the quarter. Cardinal Health comprises 0.5% of Menta Capital LLC’s holdings, making the stock its 24th largest position. Menta Capital LLC’s holdings in Cardinal Health were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC raised its holdings in shares of Cardinal Health by 2.6% during the fourth quarter. Cetera Advisor Networks LLC now owns 7,566 shares of the company’s stock valued at $336,000 after acquiring an additional 195 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of Cardinal Health by 15.1% during the fourth quarter. Advisory Services Network LLC now owns 1,497 shares of the company’s stock valued at $67,000 after acquiring an additional 196 shares in the last quarter. First Hawaiian Bank raised its holdings in shares of Cardinal Health by 5.4% during the first quarter. First Hawaiian Bank now owns 4,317 shares of the company’s stock valued at $208,000 after acquiring an additional 222 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Cardinal Health by 9.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,610 shares of the company’s stock valued at $126,000 after acquiring an additional 224 shares in the last quarter. Finally, Eaton Vance Management raised its holdings in shares of Cardinal Health by 0.3% during the fourth quarter. Eaton Vance Management now owns 79,011 shares of the company’s stock valued at $3,524,000 after acquiring an additional 237 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Cardinal Health from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Wolfe Research assumed coverage on Cardinal Health in a report on Tuesday, April 2nd. They set an “underperform” rating for the company. Guggenheim assumed coverage on Cardinal Health in a report on Wednesday, April 17th. They set a “neutral” rating and a $51.00 target price for the company. ValuEngine upgraded Cardinal Health from a “strong sell” rating to a “sell” rating in a report on Friday, February 8th. Finally, UBS Group assumed coverage on Cardinal Health in a report on Thursday, January 17th. They set a “neutral” rating and a $51.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $56.20.

CAH stock traded up $0.78 during midday trading on Friday, hitting $49.52. The stock had a trading volume of 807,186 shares, compared to its average volume of 3,156,688. The stock has a market cap of $14.19 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 1.55 and a beta of 1.14. Cardinal Health Inc has a 52-week low of $42.17 and a 52-week high of $58.31. The company has a quick ratio of 0.51, a current ratio of 1.05 and a debt-to-equity ratio of 1.26.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Thursday, February 7th. The company reported $1.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.20. The company had revenue of $37.70 billion for the quarter, compared to analysts’ expectations of $36.09 billion. Cardinal Health had a positive return on equity of 24.01% and a negative net margin of 0.03%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 earnings per share. Equities research analysts expect that Cardinal Health Inc will post 5.08 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a $0.4763 dividend. The ex-dividend date of this dividend was Friday, March 29th. This represents a $1.91 annualized dividend and a yield of 3.85%. Cardinal Health’s payout ratio is 38.20%.

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Cardinal Health Company Profile

Cardinal Health, Inc operates as an integrated healthcare services and products company in the United States and internationally. It provides medical products and pharmaceuticals, and solutions that enhance supply chain efficiency for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices.

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Institutional Ownership by Quarter for Cardinal Health (NYSE:CAH)

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