Daiwa Securities Group Inc. Sells 4,212 Shares of Cardinal Health, Inc. $CAH

Daiwa Securities Group Inc. trimmed its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,147 shares of the company’s stock after selling 4,212 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Cardinal Health were worth $15,854,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Aventura Private Wealth LLC bought a new stake in Cardinal Health during the 4th quarter valued at approximately $25,000. Elyxium Wealth LLC bought a new stake in Cardinal Health during the 4th quarter valued at approximately $34,000. Barnes Dennig Private Wealth Management LLC boosted its position in Cardinal Health by 38.7% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 190 shares of the company’s stock valued at $39,000 after acquiring an additional 53 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Cardinal Health during the 3rd quarter valued at approximately $31,000. Finally, Turning Point Benefit Group Inc. bought a new stake in Cardinal Health during the 3rd quarter valued at approximately $31,000. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CAH has been the subject of several recent research reports. Zacks Research upgraded shares of Cardinal Health from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. lowered their target price on shares of Cardinal Health from $243.00 to $215.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Weiss Ratings lowered shares of Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, May 19th. TD Cowen lifted their target price on shares of Cardinal Health from $251.00 to $255.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Wall Street Zen lowered shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $241.80.

Cardinal Health Stock Up 2.0%

Shares of NYSE CAH opened at $205.79 on Friday. The firm has a market cap of $48.20 billion, a P/E ratio of 31.47, a PEG ratio of 1.10 and a beta of 0.52. The company has a 50 day moving average of $202.53 and a 200 day moving average of $208.57. Cardinal Health, Inc. has a twelve month low of $137.75 and a twelve month high of $233.60.

Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, April 30th. The company reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.79 by $0.38. The business had revenue of $60.94 billion during the quarter, compared to analyst estimates of $62.10 billion. Cardinal Health had a net margin of 0.62% and a negative return on equity of 92.61%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.35 EPS. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. As a group, equities analysts expect that Cardinal Health, Inc. will post 10.76 earnings per share for the current fiscal year.

Cardinal Health Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.5158 per share. The ex-dividend date is Wednesday, July 1st. This represents a $2.06 dividend on an annualized basis and a yield of 1.0%. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. Cardinal Health’s dividend payout ratio (DPR) 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.