Cardinal Health, Inc. (NYSE:CAH) Shares Acquired by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 67.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,093 shares of the company's stock after purchasing an additional 4,873 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Cardinal Health were worth $1,430,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Eastern Bank acquired a new stake in shares of Cardinal Health in the third quarter worth $25,000. Frazier Financial Advisors LLC increased its position in shares of 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 acquiring an additional 104 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of Cardinal Health in the third quarter worth $31,000. AM Squared Ltd acquired a new stake in shares of Cardinal Health in the third quarter worth $33,000. Finally, Kentucky Trust Co acquired a new stake in shares of Cardinal Health in the fourth quarter worth $41,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Cardinal Health Trading Down 0.3 %

NYSE CAH traded down $0.42 during trading hours on Friday, reaching $126.96. 2,354,573 shares of the company traded hands, compared to its average volume of 2,342,976. The company has a 50 day moving average of $123.45 and a two-hundred day moving average of $116.88. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $132.84. The stock has a market capitalization of $30.67 billion, a PE ratio of 23.69, a PEG ratio of 1.49 and a beta of 0.63.

Cardinal Health (NYSE:CAH - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.19. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. On average, 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 will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.5056 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.59%. Cardinal Health's payout ratio is currently 37.69%.

Analyst Upgrades and Downgrades

CAH has been the subject of several recent research reports. StockNews.com lowered shares of Cardinal Health from a "strong-buy" rating to a "buy" rating in a research report on Sunday, November 3rd. Mizuho initiated 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. 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 research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Cardinal Health from $119.00 to $124.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Finally, TD Cowen upgraded shares of Cardinal Health from a "hold" rating to a "buy" rating and upped their target price for the company from $130.00 to $144.00 in a research note on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Cardinal Health currently has an average rating of "Moderate Buy" and a consensus price target of $136.87.

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.