Aware Super Pty Ltd as trustee of Aware Super Makes New $11.36 Million Investment in Cardinal Health, Inc. (NYSE:CAH)

Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 96,048 shares of the company's stock, valued at approximately $11,360,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAH. Rothschild Investment LLC increased its position in Cardinal Health by 10.1% during the 4th quarter. Rothschild Investment LLC now owns 858 shares of the company's stock worth $101,000 after purchasing an additional 79 shares in the last quarter. Private Trust Co. NA raised its position in shares of Cardinal Health by 11.0% in the fourth quarter. Private Trust Co. NA now owns 930 shares of the company's stock valued at $110,000 after buying an additional 92 shares during the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of Cardinal Health by 2.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company's stock valued at $411,000 after buying an additional 93 shares during the period. TIAA Trust National Association boosted its position in Cardinal Health by 4.5% during the fourth quarter. TIAA Trust National Association now owns 2,183 shares of the company's stock worth $258,000 after acquiring an additional 94 shares during the last quarter. Finally, MWA Asset Management grew its stake in Cardinal Health by 2.9% in the 4th quarter. MWA Asset Management now owns 3,324 shares of the company's stock worth $393,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

Cardinal Health Trading Up 0.2 %

Shares of CAH traded up $0.25 during midday trading on Friday, reaching $134.61. 2,350,067 shares of the company were exchanged, compared to its average volume of 2,193,837. Cardinal Health, Inc. has a 1-year low of $93.17 and a 1-year high of $139.50. The stock has a 50-day moving average price of $129.90 and a 200-day moving average price of $122.98. The company has a market cap of $32.52 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 1.49 and a beta of 0.61.

Cardinal Health (NYSE:CAH - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. Equities research analysts anticipate that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Tuesday, April 1st. Cardinal Health's dividend payout ratio is currently 37.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CAH shares. Citigroup raised their price objective on Cardinal Health from $120.00 to $129.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. TD Cowen upgraded Cardinal Health from a "hold" rating to a "buy" rating and lifted their price target for the company from $130.00 to $144.00 in a report on Wednesday, January 8th. Argus set a $148.00 price objective on shares of Cardinal Health in a report on Tuesday, February 4th. Evercore ISI upgraded shares of Cardinal Health from an "in-line" rating to an "outperform" rating and set a $140.00 target price for the company in a report on Tuesday, January 7th. Finally, Morgan Stanley increased their price target on shares of Cardinal Health from $136.00 to $142.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $140.86.

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.