9,046 Shares in Cardinal Health, Inc. (CAH) Acquired by IFM Investors Pty Ltd
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 (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%.
COPYRIGHT VIOLATION WARNING: This news story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/15/9046-shares-in-cardinal-health-inc-cah-acquired-by-ifm-investors-pty-ltd.html.
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.
Want to see what other hedge funds are holding CAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cardinal Health, Inc. (NYSE:CAH).
Receive News & Stock Ratings for Cardinal Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardinal Health and related stocks with our FREE daily email newsletter.