3,172 Shares in Cardinal Health, Inc. $CAH Bought by IRON Financial LLC

IRON Financial LLC purchased a new stake in shares of Cardinal Health, Inc. (NYSE:CAH) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,172 shares of the company’s stock, valued at approximately $670,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aventura Private Wealth LLC bought a new position in shares of Cardinal Health in the fourth quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Cardinal Health during the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new position in shares of Cardinal Health during the 4th quarter valued at approximately $27,000. Palladiem LLC purchased a new stake in Cardinal Health in the 4th quarter worth approximately $28,000. Finally, Elyxium Wealth LLC purchased a new stake in Cardinal Health in the 4th quarter worth approximately $34,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. William Blair assumed coverage on shares of Cardinal Health in a report on Tuesday, April 28th. They set an “outperform” rating on the stock. Wall Street Zen raised shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Bank of America raised their price objective on shares of Cardinal Health from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings cut shares of Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, May 19th. Finally, Wells Fargo & Company dropped their target price on shares of Cardinal Health from $256.00 to $245.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $247.80.

Cardinal Health Stock Performance

Shares of NYSE CAH opened at $238.79 on Friday. The company has a market cap of $55.93 billion, a P/E ratio of 36.51, a P/E/G ratio of 1.17 and a beta of 0.49. Cardinal Health, Inc. has a 52-week low of $137.75 and a 52-week high of $240.93. The firm’s fifty day moving average is $208.99 and its two-hundred day moving average is $211.70.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data 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. Cardinal Health had a negative return on equity of 92.61% and a net margin of 0.62%.The firm had revenue of $60.94 billion during the quarter, compared to analyst estimates of $62.10 billion. During the same quarter last year, the business posted $2.35 earnings per share. The business’s quarterly 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. As a group, analysts forecast that Cardinal Health, Inc. will post 10.76 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.5158 per share. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.06 annualized dividend and a dividend yield of 0.9%. Cardinal Health’s payout ratio is currently 31.50%.

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.