SCHEDULE 13G/A: BlackRock Discloses 7.8% Passive Stake in Cardinal Health Inc.
Beneficial Ownership Disclosure (Schedule 13G Amendment)
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 7.8% beneficial ownership stake in Cardinal Health Inc. as of January 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 18,774,792 shares of Cardinal Health Inc. common stock.
- This represents 7.8% of Cardinal Health Inc.'s total outstanding common stock.
- BlackRock holds sole voting power over 16,747,428 shares and sole dispositive power over 18,774,792 shares.
- The filing is an Amendment No. 5 to a Schedule 13G, indicating an update to a previously reported stake.
- BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Cardinal Health Inc.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain subjective language or performance assessments, thus maintaining a neutral sentiment.
Future Outlook
NA
Management Comments
- "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, confirming BlackRock's continued passive investment in Cardinal Health Inc. This can be viewed as a vote of confidence from a major asset manager.
Key Dates
| Date | Description |
|---|---|
| 04/30/2023 | Date of previously revoked Power of Attorney. |
| 01/21/2025 | Date of execution of the new Power of Attorney. |
| 01/31/2025 | Date of event requiring the filing of this statement (beneficial ownership threshold met or changed). |
| 02/07/2025 | Date of filing and signature by BlackRock, Inc. |
Keywords
BlackRock, Cardinal Health Inc., Schedule 13G, beneficial ownership, institutional investor, common stock, healthcare distribution, pharmaceutical
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