Oddo BHF Asset Management Sas lifted its stake in shares of Cardinal Health, Inc. (NYSE:CAH – Free Report) by 77.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,489 shares of the company’s stock after purchasing an additional 33,738 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Cardinal Health were worth $15,924,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Aventura Private Wealth LLC bought a new stake in shares of Cardinal Health during the 4th quarter worth $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Cardinal Health during the 4th quarter worth $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Cardinal Health during the 4th quarter worth $27,000. Palladiem LLC bought a new stake in shares of Cardinal Health during the 4th quarter worth $28,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Cardinal Health during the 4th quarter worth $34,000. 87.17% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on CAH. Evercore dropped their price objective on Cardinal Health from $260.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Barclays increased their price target on Cardinal Health from $243.00 to $258.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. Leerink Partners reiterated an “outperform” rating and issued a $275.00 target price on shares of Cardinal Health in a report on Monday, March 9th. Weiss Ratings downgraded Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, May 19th. Finally, William Blair assumed coverage on Cardinal Health in a report on Tuesday, April 28th. They issued an “outperform” rating for the company. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $246.93.
Cardinal Health Stock Up 1.2%
NYSE CAH opened at $226.52 on Tuesday. The company has a market cap of $53.05 billion, a price-to-earnings ratio of 34.64, a P/E/G ratio of 1.22 and a beta of 0.52. Cardinal Health, Inc. has a 52 week low of $137.75 and a 52 week high of $233.60. The business has a 50 day moving average price of $203.46 and a 200-day moving average price of $208.92.
Cardinal Health (NYSE:CAH – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $3.17 EPS for the quarter, beating the consensus estimate of $2.79 by $0.38. The firm had revenue of $60.94 billion during the quarter, compared to the consensus estimate of $62.10 billion. Cardinal Health had a negative return on equity of 92.61% and a net margin of 0.62%.The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.35 earnings per share. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. On average, equities research analysts anticipate that Cardinal Health, Inc. will post 10.76 earnings per share for the current year.
Cardinal Health Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $0.5158 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 0.9%. Cardinal Health’s payout ratio is presently 31.19%.
Cardinal Health Profile
Cardinal Health is a multinational healthcare services and products company headquartered in Dublin, Ohio. Tracing its roots to the early 1970s, the company has grown into a major provider of supply chain and distribution services for the healthcare sector. Cardinal Health operates across a range of service lines that support hospitals, health systems, pharmacies, physician offices and clinical laboratories.
The company’s core activities include the wholesale distribution of branded and generic pharmaceuticals, the supply and distribution of medical-surgical products, and the provision of logistics and inventory management solutions.
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