Northwestern Mutual Wealth Management Co. grew its position in Cardinal Health, Inc. (NYSE:CAH – Free Report) by 762.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 555,132 shares of the company’s stock after buying an additional 490,791 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.23% of Cardinal Health worth $114,080,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Aventura Private Wealth LLC purchased a new stake in shares of Cardinal Health in the 4th quarter worth $25,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Cardinal Health by 38.7% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 190 shares of the company’s stock worth $39,000 after buying an additional 53 shares during the period. JPL Wealth Management LLC purchased a new stake in shares of Cardinal Health in the 3rd quarter worth $31,000. Turning Point Benefit Group Inc. purchased a new stake in shares of Cardinal Health in the 3rd quarter worth $31,000. Finally, Cape Investment Advisory Inc. lifted its holdings in shares of Cardinal Health by 61.1% in the 3rd quarter. Cape Investment Advisory Inc. now owns 211 shares of the company’s stock worth $33,000 after buying an additional 80 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have weighed in on CAH. TD Cowen upped their target price on Cardinal Health from $251.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Barclays upped their target price on Cardinal Health from $243.00 to $258.00 and gave the stock an “overweight” rating in a report on Tuesday, February 24th. William Blair began coverage on Cardinal Health in a report on Tuesday, April 28th. They issued an “outperform” rating for the company. Jefferies Financial Group upped their target price on Cardinal Health from $220.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Cardinal Health from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $241.80.
Cardinal Health Trading Up 0.4%
CAH opened at $195.10 on Friday. The firm has a market cap of $45.69 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 1.16 and a beta of 0.53. Cardinal Health, Inc. has a 12 month low of $137.75 and a 12 month high of $233.60. The stock has a fifty day moving average price of $206.96 and a 200-day moving average price of $207.79.
Cardinal Health (NYSE:CAH – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $3.17 EPS for the quarter, topping the consensus estimate of $2.79 by $0.38. The firm had revenue of $60.94 billion during the quarter, compared to analyst estimates of $62.10 billion. Cardinal Health had a negative return on equity of 92.61% and a net margin of 0.62%.The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.35 EPS. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. On average, equities research analysts forecast that Cardinal Health, Inc. will post 10.76 EPS for the current year.
Cardinal Health Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a $0.5158 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.1%. 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. Cardinal Health’s dividend payout ratio is presently 31.19%.
Cardinal Health Company 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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