BlackRock Updates Passive Stake in Cardinal Health (CAH)
Ticker: CAH · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 721371
| Field | Detail |
|---|---|
| Company | Cardinal Health INC (CAH) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, healthcare-distribution
TL;DR
**BlackRock just updated its passive stake in Cardinal Health.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Cardinal Health Inc. common stock as of December 31, 2023. This filing, Amendment No. 3, updates previous disclosures about BlackRock's passive investment in Cardinal Health. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in market sentiment or investment strategy for a significant player, potentially influencing other investors' perceptions of Cardinal Health's stock.
Why It Matters
This filing shows BlackRock's continued, albeit updated, passive investment in Cardinal Health, providing transparency on a major institutional holder's position.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note that a major institutional investor like BlackRock continues to hold a position in Cardinal Health, which can be seen as a vote of confidence, but this specific filing is a routine update and doesn't suggest immediate action.
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A, reporting its ownership
- Cardinal Health Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the date the SC 13G/A was filed
- 14149Y108 (other) — the CUSIP number for Cardinal Health Inc. Common Stock
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Cardinal Health for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3)' sections.
Who is the reporting person in this filing?
The reporting person, or the entity that filed this statement, is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is CARDINAL HEALTH INC, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CARDINAL HEALTH INC' and 'CARDINAL HEALTH INC (Name of Issuer)'.
What is the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires the filing of this statement is December 31, 2023, as explicitly stated in the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox selection in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding CARDINAL HEALTH INC (CAH).