44 Wealth Management LLC Sells 4,070 Shares of Cardinal Health, Inc. $CAH

44 Wealth Management LLC trimmed its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 28.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,188 shares of the company’s stock after selling 4,070 shares during the period. 44 Wealth Management LLC’s holdings in Cardinal Health were worth $2,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. University of Texas Texas AM Investment Management Co. bought a new position in shares of Cardinal Health in the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Cardinal Health in the 4th quarter worth $27,000. Indiana Trust & Investment Management Co purchased a new stake in shares of Cardinal Health in the 1st quarter worth $29,000. Palladiem LLC bought a new position in Cardinal Health in the 4th quarter worth $28,000. Finally, Elyxium Wealth LLC purchased a new position in Cardinal Health during the fourth quarter valued at $34,000. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CAH. Morgan Stanley boosted their price target on Cardinal Health from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Weiss Ratings downgraded Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, May 19th. UBS Group increased their target price on shares of Cardinal Health from $260.00 to $274.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Wall Street Zen upgraded shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 4th. Finally, Mizuho lifted their price target on shares of Cardinal Health from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $251.73.

Cardinal Health Price Performance

Shares of CAH opened at $227.96 on Friday. The firm has a market cap of $53.39 billion, a P/E ratio of 34.86, a price-to-earnings-growth ratio of 1.12 and a beta of 0.49. Cardinal Health, Inc. has a 1 year low of $137.75 and a 1 year high of $243.21. The company has a 50 day simple moving average of $219.98 and a two-hundred day simple moving average of $214.43.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, April 30th. The company reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.79 by $0.38. Cardinal Health had a negative return on equity of 92.61% and a net margin of 0.62%.The business had revenue of $60.94 billion for the quarter, compared to the consensus estimate of $62.10 billion. During the same quarter in the previous year, the company posted $2.35 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. On average, sell-side analysts anticipate that Cardinal Health, Inc. will post 10.77 earnings per share for the current year.

Cardinal Health Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a $0.5158 dividend. This represents a $2.06 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was 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 31.50%.

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.