Ontario Teachers Pension Plan Board decreased its position in Cardinal Health Inc (NYSE:CAH) by 21.5% in the fourth quarter, HoldingsChannel reports. The firm owned 21,694 shares of the company’s stock after selling 5,947 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Cardinal Health were worth $1,329,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its holdings in Cardinal Health by 14.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,515 shares of the company’s stock worth $399,000 after purchasing an additional 798 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in Cardinal Health by 9.8% in the fourth quarter. Capital Investment Advisors LLC now owns 9,781 shares of the company’s stock worth $599,000 after purchasing an additional 872 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its holdings in shares of Cardinal Health by 1.8% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 52,114 shares of the company’s stock valued at $3,487,000 after acquiring an additional 900 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Cardinal Health by 19.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 5,941 shares of the company’s stock valued at $364,000 after acquiring an additional 969 shares in the last quarter. Finally, Afam Capital Inc. increased its holdings in shares of Cardinal Health by 4.6% during the fourth quarter. Afam Capital Inc. now owns 22,478 shares of the company’s stock valued at $1,377,000 after acquiring an additional 991 shares in the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.
In related news, CEO Jon L. Giacomin sold 7,995 shares of Cardinal Health stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $68.78, for a total value of $549,896.10. Following the completion of the sale, the chief executive officer now directly owns 63,043 shares in the company, valued at approximately $4,336,097.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Patricia Morrison sold 28,532 shares of Cardinal Health stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $66.30, for a total value of $1,891,671.60. Following the completion of the sale, the insider now owns 36,157 shares of the company’s stock, valued at $2,397,209.10. The disclosure for this sale can be found here. Insiders sold a total of 55,113 shares of company stock valued at $3,815,073 over the last quarter. 0.97% of the stock is owned by corporate insiders.
Shares of Cardinal Health Inc (NYSE:CAH) opened at $70.57 on Tuesday. Cardinal Health Inc has a twelve month low of $54.66 and a twelve month high of $84.88. The company has a market capitalization of $21,812.34, a PE ratio of 13.23, a P/E/G ratio of 1.50 and a beta of 0.96. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.09 and a quick ratio of 0.57.
Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.14 by $0.17. Cardinal Health had a return on equity of 24.81% and a net margin of 1.37%. The company had revenue of $35.19 billion during the quarter, compared to the consensus estimate of $34.63 billion. During the same period last year, the company earned $1.34 EPS. Cardinal Health’s revenue for the quarter was up 6.1% on a year-over-year basis. analysts predict that Cardinal Health Inc will post 5.43 earnings per share for the current fiscal year.
Cardinal Health announced that its board has approved a stock repurchase program on Thursday, February 8th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Monday, April 2nd will be issued a $0.4624 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.85 annualized dividend and a yield of 2.62%. Cardinal Health’s payout ratio is 32.17%.
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About Cardinal Health
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.
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