IFM Investors Pty Ltd purchased a new position in shares of Cardinal Health, Inc. (NYSE:CAH) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,046 shares of the company’s stock, valued at approximately $605,000.

A number of other large investors have also modified their holdings of CAH. Franklin Resources Inc. lifted its position in Cardinal Health by 72.1% during the 2nd quarter. Franklin Resources Inc. now owns 6,283,529 shares of the company’s stock worth $489,613,000 after buying an additional 2,632,836 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Cardinal Health by 71.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,557,123 shares of the company’s stock worth $277,191,000 after purchasing an additional 1,482,285 shares during the last quarter. BlackRock Inc. increased its stake in shares of Cardinal Health by 6.5% during the 2nd quarter. BlackRock Inc. now owns 22,843,418 shares of the company’s stock worth $1,779,958,000 after purchasing an additional 1,398,496 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Cardinal Health by 58.7% during the 3rd quarter. American Century Companies Inc. now owns 2,976,776 shares of the company’s stock worth $199,206,000 after purchasing an additional 1,100,507 shares during the last quarter. Finally, HealthCor Management L.P. acquired a new position in shares of Cardinal Health during the 2nd quarter worth about $84,496,000. 88.47% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on CAH. Needham & Company LLC restated a “hold” rating on shares of Cardinal Health in a research note on Sunday, September 10th. Robert W. Baird restated a “hold” rating and set a $73.00 price objective on shares of Cardinal Health in a research note on Sunday, September 17th. Royal Bank of Canada began coverage on shares of Cardinal Health in a research note on Tuesday, September 19th. They set a “sector perform” rating and a $72.00 price objective on the stock. Mizuho set a $70.00 price objective on shares of Cardinal Health and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Finally, Jefferies Group set a $77.00 price objective on shares of Cardinal Health and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.91.

Cardinal Health, Inc. (NYSE:CAH) opened at $60.35 on Friday. Cardinal Health, Inc. has a 52 week low of $54.66 and a 52 week high of $84.88. The company has a market cap of $19,055.54, a PE ratio of 11.49, a P/E/G ratio of 1.76 and a beta of 0.85. The company has a quick ratio of 0.52, a current ratio of 1.06 and a debt-to-equity ratio of 1.35.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Monday, November 6th. The company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.09. Cardinal Health had a net margin of 0.84% and a return on equity of 25.24%. The business had revenue of $32.64 billion for the quarter, compared to analyst estimates of $33.48 billion. During the same quarter in the prior year, the business earned $1.24 EPS. Cardinal Health’s quarterly revenue was up 1.9% on a year-over-year basis. equities analysts forecast that Cardinal Health, Inc. will post 4.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be paid a $0.4624 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.85 dividend on an annualized basis and a yield of 3.06%. Cardinal Health’s dividend payout ratio (DPR) is currently 53.78%.

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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.

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

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