American Century Companies Inc. Has $129.31 Million Position in Cardinal Health, Inc. (NYSE:CAH)

American Century Companies Inc. lowered its position in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 28.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,093,350 shares of the company's stock after selling 424,616 shares during the quarter. American Century Companies Inc. owned 0.45% of Cardinal Health worth $129,311,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CAH. Rothschild Investment LLC raised its position in shares of Cardinal Health by 10.1% during the fourth quarter. Rothschild Investment LLC now owns 858 shares of the company's stock worth $101,000 after purchasing an additional 79 shares during the period. Private Trust Co. NA increased its stake in Cardinal Health by 11.0% during the 4th quarter. Private Trust Co. NA now owns 930 shares of the company's stock worth $110,000 after purchasing an additional 92 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in Cardinal Health by 2.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company's stock worth $411,000 after buying an additional 93 shares during the period. MWA Asset Management lifted its stake in Cardinal Health by 2.9% in the fourth quarter. MWA Asset Management now owns 3,324 shares of the company's stock valued at $393,000 after buying an additional 95 shares in the last quarter. Finally, Transcend Capital Advisors LLC boosted its holdings in shares of Cardinal Health by 3.6% in the fourth quarter. Transcend Capital Advisors LLC now owns 2,735 shares of the company's stock valued at $323,000 after buying an additional 96 shares during the period. Institutional investors own 87.17% of the company's stock.

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Analyst Upgrades and Downgrades

CAH has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on shares of Cardinal Health from $135.00 to $136.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Citigroup upped their target price on shares of Cardinal Health from $120.00 to $129.00 and gave the company a "neutral" rating in a report on Friday, January 10th. Mizuho began coverage on shares of Cardinal Health in a research note on Wednesday, December 4th. They issued an "outperform" rating and a $139.00 target price for the company. Morgan Stanley boosted their price target on Cardinal Health from $136.00 to $142.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group raised Cardinal Health from a "hold" rating to a "buy" rating and raised their price objective for the company from $140.00 to $150.00 in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $139.36.

Cardinal Health Stock Up 2.2 %

Shares of CAH traded up $2.92 during midday trading on Thursday, reaching $136.90. 2,751,298 shares of the stock were exchanged, compared to its average volume of 1,975,294. The stock's 50 day simple moving average is $127.96 and its 200 day simple moving average is $120.48. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $139.95. The company has a market cap of $33.07 billion, a P/E ratio of 25.54, a PEG ratio of 1.49 and a beta of 0.66.

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

Cardinal Health Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.5056 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a yield of 1.48%. Cardinal Health's dividend payout ratio (DPR) is presently 37.69%.

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.