Wellington Management Group LLP Acquires 117,803 Shares of Cardinal Health, Inc. (NYSE:CAH)

Wellington Management Group LLP grew its position in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 687.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 134,951 shares of the company's stock after acquiring an additional 117,803 shares during the period. Wellington Management Group LLP owned about 0.06% of Cardinal Health worth $15,961,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CAH. Stifel Financial Corp raised its holdings in shares of Cardinal Health by 5.2% during the 3rd quarter. Stifel Financial Corp now owns 156,655 shares of the company's stock worth $17,313,000 after acquiring an additional 7,716 shares during the period. National Bank of Canada FI boosted its position in shares of Cardinal Health by 59.6% during the third quarter. National Bank of Canada FI now owns 157,183 shares of the company's stock worth $17,372,000 after buying an additional 58,716 shares during the period. Y Intercept Hong Kong Ltd grew its position in Cardinal Health by 15.3% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 15,203 shares of the company's stock valued at $1,680,000 after acquiring an additional 2,015 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Cardinal Health by 7.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 490,463 shares of the company's stock valued at $54,206,000 after purchasing an additional 35,921 shares during the period. Finally, Barclays PLC increased its stake in Cardinal Health by 8.2% during the 3rd quarter. Barclays PLC now owns 707,404 shares of the company's stock worth $78,183,000 after buying an additional 53,851 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

CAH has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price objective on Cardinal Health from $142.00 to $145.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Mizuho raised their target price on shares of Cardinal Health from $142.00 to $150.00 and gave the company an "outperform" rating in a report on Monday, March 31st. Citigroup raised their price objective 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. Wells Fargo & Company raised 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. Finally, Jefferies Financial Group upgraded Cardinal Health from a "hold" rating to a "buy" rating and increased their price objective for the company from $140.00 to $150.00 in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Cardinal Health presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.86.

Cardinal Health Stock Up 1.4 %

NYSE CAH traded up $1.88 on Monday, hitting $133.65. The stock had a trading volume of 70,214 shares, compared to its average volume of 2,522,284. Cardinal Health, Inc. has a one year low of $93.17 and a one year high of $139.50. The stock has a market cap of $32.28 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 1.49 and a beta of 0.61. The company's 50-day moving average is $129.33 and its two-hundred day moving average is $122.48.

Cardinal Health (NYSE:CAH - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $1.93 earnings per share (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, sell-side analysts anticipate that Cardinal Health, Inc. will post 7.95 earnings per share 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 given a dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a yield of 1.51%. The ex-dividend date is Tuesday, April 1st. Cardinal Health's payout ratio is 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.