Cardinal Health, Inc. (CAH) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP grew its holdings in Cardinal Health, Inc. (NYSE:CAH) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 906,128 shares of the company’s stock after purchasing an additional 54,752 shares during the period. Dimensional Fund Advisors LP owned about 0.29% of Cardinal Health worth $70,608,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Brandes Investment Partners LP bought a new stake in shares of Cardinal Health in the 2nd quarter worth $2,464,000. Sheets Smith Wealth Management increased its holdings in shares of Cardinal Health by 0.8% in the 2nd quarter. Sheets Smith Wealth Management now owns 36,800 shares of the company’s stock worth $2,867,000 after purchasing an additional 300 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Cardinal Health by 202.1% in the 2nd quarter. Victory Capital Management Inc. now owns 61,304 shares of the company’s stock worth $4,776,000 after purchasing an additional 41,013 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Cardinal Health in the 2nd quarter worth $164,000. Finally, Swiss National Bank increased its holdings in shares of Cardinal Health by 1.6% in the 2nd quarter. Swiss National Bank now owns 1,152,648 shares of the company’s stock worth $89,814,000 after purchasing an additional 18,600 shares in the last quarter. 87.98% of the stock is owned by institutional investors and hedge funds.
Cardinal Health, Inc. (NYSE CAH) opened at 65.78 on Wednesday. The stock has a 50 day moving average price of $67.23 and a 200 day moving average price of $73.08. Cardinal Health, Inc. has a 12 month low of $62.70 and a 12 month high of $84.88. The stock has a market capitalization of $20.82 billion, a P/E ratio of 16.32 and a beta of 0.86.
Cardinal Health (NYSE:CAH) last posted its earnings results on Wednesday, August 2nd. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.07. Cardinal Health had a net margin of 0.99% and a return on equity of 26.20%. The business had revenue of $32.97 billion for the quarter, compared to analyst estimates of $32.73 billion. During the same period in the prior year, the company posted $1.14 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts predict that Cardinal Health, Inc. will post $4.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.4624 per share. This represents a $1.85 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Friday, September 29th. Cardinal Health’s payout ratio is currently 45.79%.
A number of analysts have commented on CAH shares. Vetr raised Cardinal Health from a “hold” rating to a “buy” rating and set a $77.92 target price for the company in a report on Tuesday, June 13th. BidaskClub lowered Cardinal Health from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Cowen and Company raised Cardinal Health to a “buy” rating and set a $74.00 target price for the company in a report on Tuesday. Jefferies Group LLC reissued a “hold” rating and issued a $77.00 target price on shares of Cardinal Health in a report on Thursday, July 27th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cardinal Health in a report on Sunday, September 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $76.54.
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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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