Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,624 Shares of Cardinal Health, Inc. (NYSE:CAH)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 51,459 shares of the company’s stock after selling 1,624 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cardinal Health were worth $6,086,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cardinal Health by 35.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,520 shares of the company’s stock worth $3,871,000 after purchasing an additional 8,471 shares during the period. CHURCHILL MANAGEMENT Corp grew its holdings in Cardinal Health by 1.5% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 240,422 shares of the company’s stock worth $28,435,000 after purchasing an additional 3,576 shares during the period. Geode Capital Management LLC grew its holdings in Cardinal Health by 0.7% during the third quarter. Geode Capital Management LLC now owns 5,749,859 shares of the company’s stock worth $633,298,000 after purchasing an additional 42,082 shares during the period. Consolidated Planning Corp grew its holdings in Cardinal Health by 40.0% during the fourth quarter. Consolidated Planning Corp now owns 8,926 shares of the company’s stock worth $1,056,000 after purchasing an additional 2,552 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Cardinal Health by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,625 shares of the company’s stock worth $162,976,000 after purchasing an additional 33,388 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CAH shares. Evercore ISI upgraded Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price objective for the company in a report on Tuesday, January 7th. Wells Fargo & Company boosted their price objective on Cardinal Health from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Citigroup boosted their price objective on Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Mizuho started coverage on Cardinal Health in a report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.

Cardinal Health Trading Down 1.0 %

Shares of CAH stock opened at $131.80 on Friday. The stock has a market cap of $31.84 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. The stock has a 50 day simple moving average of $127.35 and a 200 day simple moving average of $120.04. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $133.67.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.74 by $0.19. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. Analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

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. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.53%. Cardinal Health’s dividend payout ratio is currently 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.