Cardinal Health, Inc. (NYSE:CAH) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its position in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,189 shares of the company's stock after selling 3,747 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Cardinal Health worth $15,043,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State Street Corp raised its position in shares of Cardinal Health by 4.6% in the 3rd quarter. State Street Corp now owns 14,177,641 shares of the company's stock worth $1,566,913,000 after acquiring an additional 627,253 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Cardinal Health by 47.9% in the 3rd quarter. Two Sigma Advisers LP now owns 1,069,462 shares of the company's stock worth $118,197,000 after acquiring an additional 346,362 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Cardinal Health by 230.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,911 shares of the company's stock worth $52,819,000 after acquiring an additional 333,095 shares in the last quarter. Worldquant Millennium Advisors LLC raised its position in shares of Cardinal Health by 77.3% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 593,007 shares of the company's stock worth $65,539,000 after acquiring an additional 258,541 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Cardinal Health by 4.7% in the 3rd quarter. Pacer Advisors Inc. now owns 4,290,650 shares of the company's stock worth $474,203,000 after acquiring an additional 191,568 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CAH has been the topic of several recent analyst reports. Bank of America raised Cardinal Health from a "neutral" rating to a "buy" rating and upped their target price for the company from $132.00 to $145.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their target price on Cardinal Health from $142.00 to $145.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Jefferies Financial Group raised Cardinal Health from a "hold" rating to a "buy" rating and upped their target price for the company from $140.00 to $150.00 in a research report on Wednesday, February 5th. StockNews.com downgraded Cardinal Health from a "strong-buy" rating to a "buy" rating in a research note on Sunday, November 3rd. Finally, Wells Fargo & Company boosted their price target on Cardinal Health from $135.00 to $136.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $136.87.

Cardinal Health Stock Up 0.5 %

Shares of CAH traded up $0.60 during mid-day trading on Thursday, reaching $127.35. The company had a trading volume of 2,057,565 shares, compared to its average volume of 2,342,632. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $132.84. The stock has a market capitalization of $30.76 billion, a P/E ratio of 23.76, a PEG ratio of 1.48 and a beta of 0.63. The stock has a 50 day moving average of $123.25 and a two-hundred day moving average of $116.81.

Cardinal Health (NYSE:CAH - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. On average, sell-side analysts expect 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 will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.5056 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a yield of 1.59%. Cardinal Health's dividend payout ratio is currently 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.