New York State Teachers Retirement System raised its holdings in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 234,442 shares of the company's stock after acquiring an additional 10,308 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Cardinal Health worth $27,727,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Eastern Bank acquired a new stake in shares of Cardinal Health during the 3rd quarter worth approximately $25,000. Frazier Financial Advisors LLC increased its holdings in shares of Cardinal Health by 69.8% during the 3rd quarter. Frazier Financial Advisors LLC now owns 253 shares of the company's stock worth $28,000 after buying an additional 104 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of Cardinal Health during the 3rd quarter worth approximately $31,000. AM Squared Ltd acquired a new stake in shares of Cardinal Health during the 3rd quarter worth approximately $33,000. Finally, Kentucky Trust Co acquired a new stake in shares of Cardinal Health during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 87.17% of the company's stock.
Cardinal Health Stock Performance
NYSE CAH traded up $0.38 during mid-day trading on Wednesday, reaching $126.63. 2,288,905 shares of the stock were exchanged, compared to its average volume of 2,350,098. The stock has a market capitalization of $30.59 billion, a PE ratio of 23.63, a PEG ratio of 1.48 and a beta of 0.63. Cardinal Health, Inc. has a 1-year low of $93.17 and a 1-year high of $132.84. The business's fifty day simple moving average is $123.06 and its 200 day simple moving average is $116.74.
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, beating 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, analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current year.
Cardinal Health Dividend Announcement
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 issued a dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health's dividend payout ratio is currently 37.69%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CAH. Citigroup raised their price target on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. UBS Group raised their price target on shares of Cardinal Health from $134.00 to $139.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Jefferies Financial Group upgraded shares of Cardinal Health from a "hold" rating to a "buy" rating and raised their price target for the stock from $140.00 to $150.00 in a report on Wednesday, February 5th. Bank of America raised shares of Cardinal Health from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $132.00 to $145.00 in a research report on Monday, January 6th. Finally, Evercore ISI raised shares of Cardinal Health from an "in-line" rating to an "outperform" rating and set a $140.00 price objective for the company in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.87.
Read Our Latest Stock Analysis on Cardinal Health
About Cardinal Health
(
Free Report)
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.
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