State Street Amends Cardinal Health Stake, Signals Passive Holding
Ticker: CAH · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 721371
| Field | Detail |
|---|---|
| Company | Cardinal Health INC (CAH) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**State Street just updated its Cardinal Health holdings, confirming a big, passive stake.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, disclosing its ownership of Cardinal Health Inc. common stock as of December 31, 2023. This filing indicates that State Street holds a significant, though passive, stake in Cardinal Health, a wholesale drug distributor. This matters to investors because large institutional holdings like State Street's can signal confidence in the company's long-term prospects and provide a degree of stability to the stock.
Why It Matters
This filing shows that a major institutional investor, State Street Corporation, maintains a substantial, passive ownership in Cardinal Health, which can influence market perception and stock stability.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate negative or positive risk for Cardinal Health.
Analyst Insight
Investors should note that State Street's continued passive holding in Cardinal Health suggests institutional confidence, but this filing alone doesn't warrant immediate action. It's a routine disclosure of a significant, but non-activist, stake.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Cardinal Health Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
- 0000093751-24-000458 (string) — accession number of the filing
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, an amendment to a Schedule 13G, filed by State Street Corporation regarding its holdings in Cardinal Health Inc.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the common stock of Cardinal Health Inc. is 14149Y108, as stated on the cover page of the filing.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as indicated on the cover page.
What rule is State Street Corporation filing under?
State Street Corporation is filing under Rule 13D-1(B), as marked with an 'X' on the cover page.
What is the IRS Identification Number for State Street Corporation as listed in the filing?
The IRS Identification Number for State Street Corporation is 04-2456637, as listed on page 2 of 5.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding CARDINAL HEALTH INC (CAH).