Virginia Retirement Systems ET AL purchased a new stake in Cardinal Health Inc (NYSE:CAH) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,400 shares of the company’s stock, valued at approximately $361,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Global X Management Co. LLC grew its holdings in shares of Cardinal Health by 8.4% during the first quarter. Global X Management Co. LLC now owns 11,087 shares of the company’s stock valued at $695,000 after buying an additional 857 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cardinal Health by 1.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,669 shares of the company’s stock valued at $4,367,000 after buying an additional 947 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Cardinal Health by 10.9% during the first quarter. IFM Investors Pty Ltd now owns 10,033 shares of the company’s stock valued at $629,000 after buying an additional 987 shares during the last quarter. LS Investment Advisors LLC grew its holdings in shares of Cardinal Health by 2.9% during the first quarter. LS Investment Advisors LLC now owns 37,022 shares of the company’s stock valued at $2,321,000 after buying an additional 1,033 shares during the last quarter. Finally, Cambridge Financial Group Inc. grew its holdings in shares of Cardinal Health by 1.2% during the first quarter. Cambridge Financial Group Inc. now owns 88,070 shares of the company’s stock valued at $5,520,000 after buying an additional 1,049 shares during the last quarter. 90.70% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Jon L. Giacomin sold 2,890 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $51.95, for a total transaction of $150,135.50. Following the transaction, the chief executive officer now directly owns 72,652 shares in the company, valued at $3,774,271.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.97% of the stock is currently owned by insiders.

A number of brokerages have recently issued reports on CAH. ValuEngine cut shares of Cardinal Health from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Mizuho set a $61.00 price objective on shares of Cardinal Health and gave the company a “hold” rating in a report on Monday, May 7th. Leerink Swann set a $65.00 price objective on shares of Cardinal Health and gave the company a “buy” rating in a report on Saturday, May 5th. TheStreet cut shares of Cardinal Health from a “b-” rating to a “c+” rating in a report on Thursday, May 3rd. Finally, Zacks Investment Research cut shares of Cardinal Health from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 8th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Cardinal Health presently has an average rating of “Hold” and a consensus target price of $62.00.

Cardinal Health stock opened at $51.83 on Friday. Cardinal Health Inc has a fifty-two week low of $48.14 and a fifty-two week high of $75.75. The stock has a market cap of $15.93 billion, a P/E ratio of 10.68, a PEG ratio of 1.69 and a beta of 0.99. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.53 and a current ratio of 1.07.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Monday, August 6th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.08. Cardinal Health had a net margin of 0.19% and a return on equity of 22.59%. The business had revenue of $35.35 billion for the quarter, compared to analysts’ expectations of $34.38 billion. During the same period in the previous year, the company earned $1.31 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. research analysts anticipate that Cardinal Health Inc will post 5.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Monday, October 1st will be issued a dividend of $0.4763 per share. The ex-dividend date of this dividend is Friday, September 28th. This is a boost from Cardinal Health’s previous quarterly dividend of $0.48. This represents a $1.91 annualized dividend and a yield of 3.68%. Cardinal Health’s payout ratio is 38.20%.

Cardinal Health Company Profile

Cardinal Health, Inc operates as an integrated healthcare services and products company worldwide. The company's Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare, and consumer products to retailers, hospitals, and other healthcare providers.

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Institutional Ownership by Quarter for Cardinal Health (NYSE:CAH)

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