OMERS ADMINISTRATION Corp Buys 1,729 Shares of Cardinal Health, Inc. (NYSE:CAH)

OMERS ADMINISTRATION Corp boosted its position in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 20.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,310 shares of the company's stock after buying an additional 1,729 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Cardinal Health were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Cyrus J. Lawrence LLC bought a new stake in shares of Cardinal Health in the fourth quarter valued at approximately $26,000. Promus Capital LLC bought a new stake in shares of Cardinal Health in the fourth quarter valued at approximately $30,000. Bellwether Advisors LLC bought a new stake in shares of Cardinal Health in the fourth quarter valued at approximately $32,000. Lee Danner & Bass Inc. bought a new stake in shares of Cardinal Health in the fourth quarter valued at approximately $35,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Cardinal Health in the fourth quarter valued at approximately $36,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Cardinal Health from $142.00 to $166.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. StockNews.com raised shares of Cardinal Health from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 5th. Wells Fargo & Company boosted their price target on shares of Cardinal Health from $135.00 to $136.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Mizuho upped their price objective on shares of Cardinal Health from $142.00 to $150.00 and gave the company an "outperform" rating in a research note on Monday, March 31st. Finally, Jefferies Financial Group raised shares of Cardinal Health from a "hold" rating to a "buy" rating and upped their price objective for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $146.43.

Cardinal Health Stock Performance

NYSE:CAH traded up $0.85 during midday trading on Tuesday, reaching $154.71. 1,928,825 shares of the stock traded hands, compared to its average volume of 2,229,443. The company has a fifty day moving average of $137.63 and a 200 day moving average of $128.19. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $156.44. The stock has a market capitalization of $36.93 billion, a P/E ratio of 28.86, a PEG ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.15 by $0.20. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. The firm had revenue of $54.88 billion during the quarter, compared to analysts' expectations of $55.33 billion. During the same period last year, the company posted $2.08 EPS. The company's quarterly revenue was up .0% compared to the same quarter last year. On average, analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a $0.5107 dividend. This is an increase from Cardinal Health's previous quarterly dividend of $0.51. This represents a $2.04 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Tuesday, July 1st. Cardinal Health's dividend payout ratio is presently 31.83%.

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.