Voya Investment Management LLC grew its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 22.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,476 shares of the company’s stock after purchasing an additional 32,084 shares during the quarter. Voya Investment Management LLC owned about 0.06% of Cardinal Health worth $13,595,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CAH. Bronfman E.L. Rothschild L.P. boosted its position in Cardinal Health by 31.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,583 shares of the company’s stock worth $123,000 after purchasing an additional 382 shares during the period. JFS Wealth Advisors LLC boosted its position in Cardinal Health by 14.3% during the second quarter. JFS Wealth Advisors LLC now owns 1,949 shares of the company’s stock worth $152,000 after purchasing an additional 244 shares during the period. Dupont Capital Management Corp bought a new position in Cardinal Health during the second quarter worth about $164,000. First Personal Financial Services boosted its position in Cardinal Health by 127.5% during the second quarter. First Personal Financial Services now owns 2,209 shares of the company’s stock worth $172,000 after purchasing an additional 1,238 shares during the period. Finally, Alpha Windward LLC boosted its position in Cardinal Health by 0.7% during the second quarter. Alpha Windward LLC now owns 2,299 shares of the company’s stock worth $179,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 87.98% of the company’s stock.

Cardinal Health, Inc. (CAH) opened at 67.52 on Thursday. The company has a market capitalization of $21.37 billion, a PE ratio of 16.75 and a beta of 0.86. Cardinal Health, Inc. has a 12 month low of $62.70 and a 12 month high of $84.88. The firm’s 50-day moving average is $67.11 and its 200-day moving average is $73.59.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.07. The business had revenue of $32.97 billion for the quarter, compared to analysts’ expectations of $32.73 billion. Cardinal Health had a return on equity of 26.20% and a net margin of 0.99%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS. Equities analysts anticipate that Cardinal Health, Inc. will post $4.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, October 2nd will be issued a dividend of $0.4624 per share. The ex-dividend date is Friday, September 29th. This represents a $1.85 annualized dividend and a yield of 2.74%. Cardinal Health’s payout ratio is presently 45.79%.

A number of equities analysts have weighed in on CAH shares. Zacks Investment Research lowered shares of Cardinal Health from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Credit Suisse Group reiterated an “outperform” rating and set a $87.00 target price (up previously from $81.00) on shares of Cardinal Health in a research report on Thursday, July 13th. BidaskClub lowered shares of Cardinal Health from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Vetr upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and set a $77.92 target price for the company in a research report on Tuesday, June 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cardinal Health in a research report on Sunday, September 10th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $76.81.

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About Cardinal Health

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.

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

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