Country Trust Bank lowered its holdings in Cardinal Health, Inc. (NYSE:CAH) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 203,551 shares of the company’s stock after selling 5,999 shares during the quarter. Country Trust Bank’s holdings in Cardinal Health were worth $12,472,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Cardinal Health by 1.9% in the second quarter. Vanguard Group Inc. now owns 23,642,277 shares of the company’s stock worth $1,842,205,000 after purchasing an additional 440,967 shares in the last quarter. BlackRock Inc. boosted its stake in Cardinal Health by 6.5% in the second quarter. BlackRock Inc. now owns 22,843,418 shares of the company’s stock worth $1,779,958,000 after purchasing an additional 1,398,496 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Cardinal Health by 4.6% in the third quarter. Macquarie Group Ltd. now owns 10,105,374 shares of the company’s stock worth $676,253,000 after purchasing an additional 445,399 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Cardinal Health by 38.6% in the third quarter. Ameriprise Financial Inc. now owns 4,930,457 shares of the company’s stock worth $329,964,000 after purchasing an additional 1,373,334 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Cardinal Health by 10.8% in the third quarter. Bank of New York Mellon Corp now owns 3,846,209 shares of the company’s stock worth $257,388,000 after purchasing an additional 375,742 shares in the last quarter. 88.35% of the stock is currently owned by institutional investors.
CAH has been the topic of a number of recent analyst reports. ValuEngine lowered Cardinal Health from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Royal Bank of Canada assumed coverage on Cardinal Health in a research note on Tuesday, September 19th. They set a “sector perform” rating and a $72.00 price target on the stock. Argus lowered Cardinal Health from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Deutsche Bank assumed coverage on Cardinal Health in a research note on Monday, December 4th. They set a “hold” rating and a $64.00 price target on the stock. Finally, Morgan Stanley lowered Cardinal Health from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Cardinal Health presently has an average rating of “Hold” and a consensus price target of $72.99.
Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Monday, November 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. Cardinal Health had a return on equity of 25.24% and a net margin of 0.84%. The business had revenue of $32.64 billion for the quarter, compared to analyst estimates of $33.48 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. equities analysts predict that Cardinal Health, Inc. will post 4.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be issued a $0.4624 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.85 dividend on an annualized basis and a yield of 2.72%. Cardinal Health’s dividend payout ratio is presently 53.94%.
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Cardinal Health Company Profile
Cardinal Health, Inc is a healthcare services and products company. The Company operates through two segments: Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare and consumer products. This segment also operates nuclear pharmacies and cyclotron facilities; provides pharmacy management services to hospitals, as well as medication therapy management and patient outcomes services to hospitals, other healthcare providers and payers, and provides services to healthcare companies.
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