Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Cardinal Health, Inc. (NYSE:CAH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 142,222 shares of the company’s stock, valued at approximately $7,617,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CAH. Price T Rowe Associates Inc. MD boosted its position in Cardinal Health by 3.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,005,668 shares of the company’s stock valued at $482,344,000 after buying an additional 322,495 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of Cardinal Health by 3.0% in the fourth quarter. Pzena Investment Management LLC now owns 3,200,591 shares of the company’s stock worth $171,424,000 after acquiring an additional 94,710 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Cardinal Health by 24.6% in the fourth quarter. ProShare Advisors LLC now owns 2,106,765 shares of the company’s stock valued at $112,838,000 after purchasing an additional 416,492 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Cardinal Health by 13.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,882,726 shares of the company’s stock valued at $100,838,000 after purchasing an additional 228,446 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Cardinal Health by 14.8% during the 4th quarter. Morgan Stanley now owns 1,382,847 shares of the company’s stock worth $74,066,000 after purchasing an additional 177,823 shares during the last quarter. 82.62% of the stock is owned by institutional investors and hedge funds.
NYSE:CAH opened at $60.70 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.57 and a debt-to-equity ratio of 4.72. The stock has a 50 day moving average of $56.36 and a 200-day moving average of $53.35. The firm has a market capitalization of $17.83 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03. Cardinal Health, Inc. has a 52 week low of $44.65 and a 52 week high of $62.96.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, April 1st will be issued a $0.4859 dividend. The ex-dividend date is Wednesday, March 31st. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.20%. Cardinal Health’s dividend payout ratio (DPR) is presently 35.60%.
Several equities research analysts have recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Cardinal Health from $66.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 9th. Wolfe Research upgraded Cardinal Health from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 8th. Finally, TheStreet upgraded Cardinal Health from a “c” rating to a “b” rating in a research report on Friday, February 5th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $60.10.
Cardinal Health Company Profile
Cardinal Health, Inc operates as an integrated healthcare services and products company in the United States and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices. The company operates through two segments, Pharmaceutical and Medical.
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