Employees Retirement System of Texas lowered its holdings in Cardinal Health, Inc. (NYSE:CAH) by 8.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 92,400 shares of the company’s stock after selling 8,700 shares during the quarter. Employees Retirement System of Texas’ holdings in Cardinal Health were worth $7,200,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. Alpha Windward LLC grew its holdings in shares of Cardinal Health by 0.7% during the second quarter. Alpha Windward LLC now owns 2,299 shares of the company’s stock worth $179,000 after purchasing an additional 17 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Cardinal Health by 0.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 4,321 shares of the company’s stock valued at $353,000 after buying an additional 39 shares during the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Cardinal Health by 0.5% in the second quarter. Wetherby Asset Management Inc. now owns 8,392 shares of the company’s stock valued at $654,000 after buying an additional 44 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Cardinal Health by 1.2% in the second quarter. Bessemer Group Inc. now owns 4,238 shares of the company’s stock valued at $330,000 after buying an additional 51 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Cardinal Health by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,468 shares of the company’s stock valued at $1,829,000 after buying an additional 68 shares during the last quarter. 87.98% of the stock is currently owned by institutional investors.

Shares of Cardinal Health, Inc. (CAH) opened at 67.98 on Wednesday. The firm’s 50 day moving average is $67.07 and its 200 day moving average is $73.63. Cardinal Health, Inc. has a 12 month low of $62.70 and a 12 month high of $84.88. The company has a market cap of $21.51 billion, a PE ratio of 16.87 and a beta of 0.86.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. The business had revenue of $32.97 billion during the quarter, compared to analyst estimates of $32.73 billion. Cardinal Health had a net margin of 0.99% and a return on equity of 26.20%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $1.14 EPS. On average, equities analysts predict that Cardinal Health, Inc. will post $4.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, October 2nd will be issued a dividend of $0.4624 per share. This represents a $1.85 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Friday, September 29th. Cardinal Health’s payout ratio is 45.79%.

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A number of equities research analysts have commented on CAH shares. UBS AG reissued a “neutral” rating and set a $76.00 price objective (down previously from $79.00) on shares of Cardinal Health in a report on Thursday, August 3rd. Evercore ISI restated an “outperform” rating on shares of Cardinal Health in a research report on Tuesday, July 4th. Zacks Investment Research raised shares of Cardinal Health from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Vetr raised shares of Cardinal Health from a “hold” rating to a “buy” rating and set a $77.92 target price for the company in a research note on Tuesday, June 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cardinal Health in a research report on Sunday, September 10th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $76.81.

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.

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

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