Cardinal Health, Inc. (NYSE:CAH) Shares Purchased by Sit Investment Associates Inc.

Sit Investment Associates Inc. grew its holdings in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 81.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,735 shares of the company's stock after buying an additional 41,545 shares during the period. Sit Investment Associates Inc.'s holdings in Cardinal Health were worth $10,968,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Cardinal Health in the 4th quarter worth about $246,748,000. State Street Corp grew its stake in shares of Cardinal Health by 4.6% during the third quarter. State Street Corp now owns 14,177,641 shares of the company's stock valued at $1,566,913,000 after buying an additional 627,253 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Cardinal Health in the fourth quarter worth approximately $45,115,000. Two Sigma Advisers LP lifted its stake in shares of Cardinal Health by 47.9% during 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 during the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its holdings in Cardinal Health by 77.3% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 593,007 shares of the company's stock valued at $65,539,000 after acquiring an additional 258,541 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CAH has been the subject of a number of research analyst reports. Argus set a $148.00 price objective on shares of Cardinal Health in a report on Tuesday, February 4th. Mizuho boosted their price target on Cardinal Health from $142.00 to $150.00 and gave the company an "outperform" rating in a report on Monday, March 31st. Jefferies Financial Group upgraded Cardinal Health from a "hold" rating to a "buy" rating and raised their price objective for the stock from $140.00 to $150.00 in a report on Wednesday, February 5th. Bank of America upgraded Cardinal Health from a "neutral" rating to a "buy" rating and upped their target price for the stock from $132.00 to $145.00 in a report on Monday, January 6th. Finally, Morgan Stanley raised their price target on Cardinal Health from $136.00 to $142.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Cardinal Health presently has an average rating of "Moderate Buy" and an average price target of $140.14.

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Cardinal Health Stock Down 2.4 %

Shares of Cardinal Health stock traded down $3.12 on Thursday, reaching $127.33. 1,459,850 shares of the stock were exchanged, compared to its average volume of 2,165,428. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $139.50. The business has a 50 day moving average price of $129.13 and a two-hundred day moving average price of $122.10. The firm has a market capitalization of $30.76 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 1.49 and a beta of 0.61.

Cardinal Health (NYSE:CAH - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share 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%. Research analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The company 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 $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 yield of 1.59%. Cardinal Health's payout ratio is 37.69%.

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.