Edgestream Partners L.P. Lowers Position in Cardinal Health, Inc. $CAH

Edgestream Partners L.P. decreased its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 75.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,950 shares of the company’s stock after selling 12,051 shares during the period. Edgestream Partners L.P.’s holdings in Cardinal Health were worth $664,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Cardinal Health by 75.0% during the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 175 shares of the company’s stock worth $29,000 after buying an additional 75 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its position in Cardinal Health by 55.0% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 200 shares of the company’s stock valued at $34,000 after acquiring an additional 71 shares during the period. NewSquare Capital LLC increased its stake in Cardinal Health by 100.0% during the second quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock worth $36,000 after acquiring an additional 107 shares during the last quarter. AlphaCore Capital LLC purchased a new position in shares of Cardinal Health in the 2nd quarter worth about $41,000. Finally, Harbor Asset Planning Inc. acquired a new position in shares of Cardinal Health in the 2nd quarter valued at about $49,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CAH. UBS Group increased their target price on shares of Cardinal Health from $185.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Mizuho increased their price objective on shares of Cardinal Health from $170.00 to $210.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Evercore ISI lifted their target price on shares of Cardinal Health from $190.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Wells Fargo & Company upped their price target on shares of Cardinal Health from $185.00 to $221.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Finally, Argus raised their price objective on Cardinal Health from $189.00 to $211.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.57.

Cardinal Health Trading Down 0.1%

Shares of CAH stock opened at $198.93 on Friday. Cardinal Health, Inc. has a twelve month low of $114.60 and a twelve month high of $214.93. The company has a market capitalization of $47.27 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 1.45 and a beta of 0.63. The firm has a fifty day simple moving average of $182.59 and a 200-day simple moving average of $165.13.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Thursday, October 30th. The company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.33. The firm had revenue of $64.01 billion for the quarter, compared to analyst estimates of $59.41 billion. Cardinal Health had a net margin of 0.68% and a negative return on equity of 84.37%. The firm’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 EPS. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. Equities research analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.5107 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, January 2nd. Cardinal Health’s dividend payout ratio is 30.77%.

Cardinal Health Company Profile

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.