Louisiana State Employees Retirement System lowered its position in shares of Cardinal Health Inc (NYSE:CAH) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,000 shares of the company’s stock after selling 800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Cardinal Health were worth $1,164,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of CAH. Ameriprise Financial Inc. lifted its position in shares of Cardinal Health by 38.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,930,457 shares of the company’s stock worth $329,964,000 after buying an additional 1,373,334 shares in the last quarter. American Century Companies Inc. lifted its position 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 buying an additional 1,100,507 shares in the last quarter. HealthCor Management L.P. bought a new position in shares of Cardinal Health during the 2nd quarter worth approximately $84,496,000. Pzena Investment Management LLC lifted its position in shares of Cardinal Health by 70.6% during the 3rd quarter. Pzena Investment Management LLC now owns 1,806,522 shares of the company’s stock worth $120,892,000 after buying an additional 747,718 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Cardinal Health by 31.0% during the 3rd quarter. Boston Partners now owns 2,918,367 shares of the company’s stock worth $195,297,000 after buying an additional 690,827 shares in the last quarter. 88.23% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Michael C. Kaufmann sold 18,586 shares of Cardinal Health stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $73.90, for a total value of $1,373,505.40. Following the completion of the transaction, the chief executive officer now directly owns 211,849 shares in the company, valued at approximately $15,655,641.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.97% of the stock is currently owned by insiders.
Shares of Cardinal Health Inc (NYSE:CAH) opened at $73.21 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 1.06 and a debt-to-equity ratio of 1.35. The company has a market cap of $23,126.51, a P/E ratio of 21.28, a P/E/G ratio of 1.69 and a beta of 0.85. Cardinal Health Inc has a 1-year low of $54.66 and a 1-year high of $84.88.
Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Monday, November 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Cardinal Health had a net margin of 0.84% and a return on equity of 25.24%. The company had revenue of $32.64 billion for the quarter, compared to analysts’ expectations of $33.48 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. Cardinal Health’s revenue was up 1.9% on a year-over-year basis. analysts expect that Cardinal Health Inc will post 5.12 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Tuesday, January 2nd were paid a $0.4624 dividend. The ex-dividend date was Friday, December 29th. This represents a $1.85 dividend on an annualized basis and a yield of 2.53%. Cardinal Health’s dividend payout ratio is 53.78%.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.com-unik.info/2018/01/24/cardinal-health-inc-cah-holdings-lowered-by-louisiana-state-employees-retirement-system.html.
Cardinal Health 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.
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.