Commonwealth Equity Services LLC Has $17.35 Million Stake in Cardinal Health, Inc. $CAH

Commonwealth Equity Services LLC grew its holdings in Cardinal Health, Inc. (NYSE:CAH) by 55.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 110,529 shares of the company’s stock after purchasing an additional 39,361 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Cardinal Health were worth $17,349,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CAH. SJS Investment Consulting Inc. increased its position in Cardinal Health by 1,363.6% in the 3rd quarter. SJS Investment Consulting Inc. now owns 161 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Cardinal Health by 198.3% in the first quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock worth $27,000 after acquiring an additional 14,034 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in Cardinal Health by 75.0% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 175 shares of the company’s stock worth $29,000 after acquiring an additional 75 shares during the period. Vermillion & White Wealth Management Group LLC raised its stake in Cardinal Health by 55.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 200 shares of the company’s stock valued at $34,000 after purchasing an additional 71 shares during the last quarter. Finally, NewSquare Capital LLC boosted its holdings in Cardinal Health by 100.0% in the 2nd quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock valued at $36,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CAH. Weiss Ratings restated a “buy (b)” rating on shares of Cardinal Health in a report on Wednesday, October 8th. Barclays initiated coverage on Cardinal Health in a research note on Monday, December 8th. They set an “overweight” rating and a $243.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on Cardinal Health from $195.00 to $208.00 and gave the stock a “hold” rating in a report on Tuesday, November 18th. UBS Group upped their target price on Cardinal Health from $185.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Argus lifted their price target on shares of Cardinal Health from $189.00 to $211.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $212.60.

Cardinal Health Price Performance

Shares of CAH stock opened at $201.06 on Friday. The stock’s fifty day simple moving average is $204.05 and its 200 day simple moving average is $173.10. Cardinal Health, Inc. has a one year low of $119.25 and a one year high of $214.93. The firm has a market cap of $47.77 billion, a price-to-earnings ratio of 30.33, a P/E/G ratio of 1.47 and a beta of 0.65.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Thursday, October 30th. The company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $59.41 billion. During the same period last year, the business earned $1.88 earnings per share. The business’s revenue was up 22.4% on a year-over-year basis. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. On average, research analysts anticipate that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

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

About Cardinal Health

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.