National Pension Service Has $63.92 Million Stake in Cardinal Health, Inc. (NYSE:CAH)

Key Points

• The National Pension Service holds a stake of $63.92 million in Cardinal Health, Inc., acquiring 2,217 additional shares in the first quarter of the year.
• Analysts show strong support for Cardinal Health with a consensus rating of "Moderate Buy" and a target price of $163.20.
• Cardinal Health reported earnings of $2.08 EPS, surpassing expectations, with revenue of $60.16 billion for the quarter.

National Pension Service increased its holdings in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 463,953 shares of the company's stock after buying an additional 2,217 shares during the period. National Pension Service owned 0.19% of Cardinal Health worth $63,919,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Greykasell Wealth Strategies Inc. bought a new stake in shares of Cardinal Health during the first quarter worth approximately $26,000. Bellwether Advisors LLC bought a new stake in shares of Cardinal Health during the fourth quarter worth approximately $32,000. Tompkins Financial Corp increased its stake in Cardinal Health by 106.7% in the first quarter. Tompkins Financial Corp now owns 248 shares of the company's stock valued at $34,000 after purchasing an additional 128 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Cardinal Health in the fourth quarter valued at approximately $36,000. Finally, GW&K Investment Management LLC increased its stake in Cardinal Health by 113.4% in the first quarter. GW&K Investment Management LLC now owns 271 shares of the company's stock valued at $37,000 after purchasing an additional 144 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on CAH. Citigroup reaffirmed a "neutral" rating and issued a $170.00 target price (up previously from $157.00) on shares of Cardinal Health in a research note on Friday, June 13th. Morgan Stanley reaffirmed an "overweight" rating on shares of Cardinal Health in a research note on Tuesday. Jefferies Financial Group set a $150.00 target price on shares of Cardinal Health in a research note on Tuesday. Leerink Partners lowered their target price on shares of Cardinal Health from $188.00 to $186.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, Robert W. Baird increased their price objective on shares of Cardinal Health from $197.00 to $203.00 and gave the stock an "outperform" rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Cardinal Health currently has a consensus rating of "Moderate Buy" and a consensus target price of $163.20.

Cardinal Health Trading Up 1.5%

Shares of CAH opened at $150.38 on Friday. Cardinal Health, Inc. has a 12 month low of $105.01 and a 12 month high of $168.44. The firm has a fifty day simple moving average of $159.73 and a 200 day simple moving average of $144.34. The stock has a market capitalization of $35.91 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 1.44 and a beta of 0.67.

Cardinal Health (NYSE:CAH - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.03 by $0.05. The business had revenue of $60.16 billion during the quarter, compared to analysts' expectations of $60.91 billion. Cardinal Health had a net margin of 0.70% and a negative return on equity of 74.45%. The firm's revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.84 earnings per share. As a group, research analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Company 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.

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