California State Teachers Retirement System 13F: Cuts CAH Stake by $2.3M
The California State Teachers Retirement System has trimmed its holdings in Cardinal Health, reducing its stake by 2.6% as of May 18, 2026.
Reviewed by automated data checks against the source filing. How we make and check alerts
California State Teachers Retirement System sold 9,726 shares from its stake in Cardinal Health, Inc. ($CAH), a 2.56% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 370,711 shares worth $88.07 million at the end of the quarter.
Since the filing, $CAH is up 0.3% after 1 week, up 13.3% after 1 month and up 27.8% to date (from the $198.87 close on May 18, 2026).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
CAH
Cardinal Health, Inc.
Key Points
- California State Teachers Retirement System trimmed its position in Cardinal Health, Inc. (NYSE: CAH) by 9,726 shares, bringing its total to 370,711 shares valued at about $88.1 million.
- The stock is currently trading around $237.56, which is near its 52-week high of $258.30, reflecting strong investor interest in the healthcare sector.
- Analysts maintain a positive outlook on Cardinal Health, with a consensus rating of 'Buy' and a mean price target of $270.94, indicating confidence in the company's growth potential.
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California State Teachers Retirement System Trims Stake
The California State Teachers Retirement System has reduced its stake in Cardinal Health, Inc. (NYSE: CAH) by 9,726 shares, bringing its total to 370,711 shares as of May 18, 2026. This trim represents a 2.6% decrease in its holdings, valued at approximately $88.1 million based on the recent share price of $237.56.
What Changed in the Position
The California State Teachers Retirement System trimmed its position in Cardinal Health, lowering its shares from 380,437 to 370,711. This reduction reflects a 2.6% decrease in its overall stake, which now holds a total value of about $88.1 million.
Institutional Activity
While there are no other recent changes reported by peer funds in Cardinal Health, the activity highlights a trend among institutional investors in the healthcare sector. This follows significant movements by other funds, such as HSBC Holdings, which recently trimmed its stake by 15.1% and Janus Henderson Group, which increased its holdings. These shifts suggest varying strategies among institutional investors concerning Cardinal Health's stock.
How Cardinal Health, Inc. Stock Has Traded
Cardinal Health's shares are currently trading at $237.56, close to its 52-week high of $258.30. The stock has shown strong performance, with a market cap of about $52.5 billion. This price level indicates robust investor interest, particularly as the company continues to navigate the healthcare landscape.
Analysts Set New Price Targets
Analysts have a generally positive outlook for Cardinal Health. On October 16, 2026, UBS maintained a 'Buy' rating with a price target of $295, while RBC Capital initiated coverage with an 'Outperform' rating and a target of $276 on August 19, 2026. Overall, the consensus among 16 analysts is a 'Strong Buy' with a mean price target of $270.94, suggesting continued confidence in the company’s future.
What Cardinal Health, Inc. Does
Cardinal Health, Inc. operates in the healthcare sector, providing a wide range of services and products, including pharmaceutical distribution and medical supplies. The company's operations are crucial for hospitals, pharmacies, and healthcare providers, making it a key player in the healthcare industry.
What to Watch at Cardinal Health, Inc.
Looking ahead, investors will focus on Cardinal Health's next earnings report scheduled for November 5, 2026. As the California State Teachers Retirement System's recent filing reflects holdings as of May 18, it may not represent the fund's current position, and further adjustments could occur based on market conditions.
Related Filing Alerts
Source: California State Teachers Retirement System's 13F filing on $CAH (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: California State Teachers Retirement System 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts