Schroder Investment Management Group Purchases 16,845 Shares of Cardinal Health, Inc. (NYSE:CAH)

Schroder Investment Management Group lifted its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 31.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 70,191 shares of the company’s stock after acquiring an additional 16,845 shares during the quarter. Schroder Investment Management Group’s holdings in Cardinal Health were worth $8,277,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Cardinal Health by 4.6% during the third quarter. State Street Corp now owns 14,177,641 shares of the company’s stock worth $1,566,913,000 after purchasing an additional 627,253 shares during the period. Geode Capital Management LLC boosted its holdings in Cardinal Health by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 5,749,859 shares of the company’s stock worth $633,298,000 after buying an additional 42,082 shares during the period. Amundi boosted its holdings in Cardinal Health by 5.5% in the 4th quarter. Amundi now owns 2,116,291 shares of the company’s stock worth $259,309,000 after buying an additional 110,605 shares during the period. Norges Bank purchased a new position in Cardinal Health in the 4th quarter valued at approximately $246,748,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Cardinal Health by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,519,011 shares of the company’s stock valued at $179,653,000 after acquiring an additional 44,386 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CAH. Wells Fargo & Company lifted their price target on Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and upped their price target for the company from $140.00 to $150.00 in a research report on Wednesday, February 5th. TD Cowen upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and raised their price objective for the company from $130.00 to $144.00 in a research report on Wednesday, January 8th. Citigroup upped their target price on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Finally, Evercore ISI raised shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price target for the company in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cardinal Health presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.14.

Cardinal Health Price Performance

Shares of NYSE:CAH opened at $129.37 on Friday. The stock’s 50-day moving average is $129.15 and its 200 day moving average is $121.55. The company has a market cap of $31.25 billion, a PE ratio of 24.14, a P/E/G ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $139.50.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. Analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.56%. Cardinal Health’s dividend payout ratio (DPR) is presently 37.69%.

About Cardinal Health

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.