Cardinal Health, Inc. $CAH Shares Sold by Board of the Pension Protection Fund

Board of the Pension Protection Fund lowered its holdings in Cardinal Health, Inc. (NYSE:CAH) by 83.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,700 shares of the company’s stock after selling 8,400 shares during the quarter. Board of the Pension Protection Fund’s holdings in Cardinal Health were worth $267,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new stake in Cardinal Health during the 2nd quarter worth about $584,420,000. Zurich Insurance Group Ltd FI boosted its stake in shares of Cardinal Health by 4,935.9% in the first quarter. Zurich Insurance Group Ltd FI now owns 946,750 shares of the company’s stock worth $130,434,000 after buying an additional 927,950 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Cardinal Health by 92.5% during the second quarter. Acadian Asset Management LLC now owns 1,679,176 shares of the company’s stock worth $282,063,000 after acquiring an additional 807,063 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in Cardinal Health during the first quarter worth about $104,951,000. Finally, Prudential Financial Inc. raised its position in Cardinal Health by 476.8% during the second quarter. Prudential Financial Inc. now owns 883,348 shares of the company’s stock valued at $148,402,000 after acquiring an additional 730,209 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

CAH has been the topic of a number of analyst reports. Wall Street Zen raised shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of Cardinal Health in a research report on Wednesday, October 8th. Jefferies Financial Group set a $220.00 price objective on shares of Cardinal Health and gave the stock a “buy” rating in a research report on Monday, November 3rd. UBS Group raised their target price on Cardinal Health from $185.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Barclays initiated coverage on Cardinal Health in a report on Monday, December 8th. They issued an “overweight” rating and a $243.00 price target for the company. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.00.

Cardinal Health Stock Up 1.9%

CAH stock opened at $202.80 on Friday. The stock has a market capitalization of $48.19 billion, a P/E ratio of 30.59, a P/E/G ratio of 1.45 and a beta of 0.63. Cardinal Health, Inc. has a 52 week low of $116.03 and a 52 week high of $214.93. The firm has a 50-day simple moving average of $191.05 and a 200-day simple moving average of $168.19.

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

Cardinal Health Dividend Announcement

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

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.