Maryland State Retirement & Pension System Sells 952 Shares of Cardinal Health, Inc. (NYSE:CAH)

Maryland State Retirement & Pension System trimmed its position in Cardinal Health, Inc. (NYSE:CAH) by 6.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 13,005 shares of the company’s stock after selling 952 shares during the period. Maryland State Retirement & Pension System’s holdings in Cardinal Health were worth $1,538,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC lifted its stake in shares of Cardinal Health by 10.1% in the 4th quarter. Rothschild Investment LLC now owns 858 shares of the company’s stock valued at $101,000 after purchasing an additional 79 shares during the period. Private Trust Co. NA lifted its stake in shares of Cardinal Health by 11.0% in the 4th quarter. Private Trust Co. NA now owns 930 shares of the company’s stock valued at $110,000 after purchasing an additional 92 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of Cardinal Health by 2.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company’s stock valued at $411,000 after purchasing an additional 93 shares during the period. MWA Asset Management lifted its stake in shares of Cardinal Health by 2.9% in the 4th quarter. MWA Asset Management now owns 3,324 shares of the company’s stock valued at $393,000 after purchasing an additional 95 shares during the period. Finally, Transcend Capital Advisors LLC raised its stake in Cardinal Health by 3.6% during the 4th quarter. Transcend Capital Advisors LLC now owns 2,735 shares of the company’s stock worth $323,000 after buying an additional 96 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Cardinal Health Trading Down 1.0 %

NYSE CAH opened at $131.80 on Friday. Cardinal Health, Inc. has a 1-year low of $93.17 and a 1-year high of $133.67. The company has a 50 day moving average of $127.35 and a 200-day moving average of $120.00. The company has a market cap of $31.84 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. On average, equities research analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.5056 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.53%. Cardinal Health’s payout ratio is 37.69%.

Wall Street Analyst Weigh In

Several analysts recently commented on CAH shares. Argus set a $148.00 price objective on Cardinal Health in a research note on Tuesday, February 4th. Bank of America upgraded Cardinal Health from a “neutral” rating to a “buy” rating and increased their target price for the stock from $132.00 to $145.00 in a report on Monday, January 6th. Mizuho assumed coverage on Cardinal Health in a report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 target price for the company. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and increased their target price for the stock from $140.00 to $150.00 in a report on Wednesday, February 5th. Finally, TD Cowen upgraded Cardinal Health from a “hold” rating to a “buy” rating and increased their target price for the stock from $130.00 to $144.00 in a report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Cardinal Health currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Cardinal Health Profile

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.