Teacher Retirement System of Texas Sells 32,571 Shares of Cardinal Health, Inc. (NYSE:CAH)

Teacher Retirement System of Texas lessened its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 10.7% in the fourth quarter, HoldingsChannel reports. The fund owned 271,188 shares of the company’s stock after selling 32,571 shares during the period. Teacher Retirement System of Texas’ holdings in Cardinal Health were worth $32,073,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Cardinal Health during the fourth quarter worth approximately $82,000. Vinva Investment Management Ltd boosted its stake in shares of Cardinal Health by 10.9% in the fourth quarter. Vinva Investment Management Ltd now owns 11,971 shares of the company’s stock valued at $1,412,000 after buying an additional 1,181 shares during the period. Generali Asset Management SPA SGR bought a new stake in shares of Cardinal Health in the fourth quarter valued at approximately $3,381,000. Thrivent Financial for Lutherans boosted its stake in shares of Cardinal Health by 1.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,937 shares of the company’s stock valued at $1,539,000 after buying an additional 210 shares during the period. Finally, Tocqueville Asset Management L.P. bought a new stake in shares of Cardinal Health in the fourth quarter valued at approximately $201,000. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Up 0.7 %

NYSE CAH opened at $133.02 on Friday. The company has a market capitalization of $32.13 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 1.49 and a beta of 0.66. The stock has a fifty day simple moving average of $127.15 and a 200 day simple moving average of $119.87. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $133.77.

Cardinal Health (NYSE:CAH) last issued its quarterly 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%. Research analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a yield of 1.52%. Cardinal Health’s dividend payout ratio (DPR) is currently 37.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CAH shares. Mizuho started coverage on Cardinal Health in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 price target for the company. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and boosted their price target for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Wells Fargo & Company boosted their price objective on shares of Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Argus set a $148.00 price objective on shares of Cardinal Health in a research report on Tuesday, February 4th. Finally, TD Cowen upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and boosted their price objective for the company from $130.00 to $144.00 in a research report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

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.