Access Investment Management LLC Buys Shares of 1,460 Cardinal Health, Inc. $CAH

Access Investment Management LLC acquired a new position in Cardinal Health, Inc. (NYSE:CAH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,460 shares of the company’s stock, valued at approximately $245,000.

Other hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in Cardinal Health by 3.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,767 shares of the company’s stock valued at $297,000 after purchasing an additional 62 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Cardinal Health by 0.4% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,805 shares of the company’s stock valued at $2,991,000 after buying an additional 69 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in Cardinal Health by 3.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,314 shares of the company’s stock worth $389,000 after buying an additional 72 shares during the period. Community Bank & Trust Waco Texas increased its stake in Cardinal Health by 1.3% in the 2nd quarter. Community Bank & Trust Waco Texas now owns 5,598 shares of the company’s stock worth $940,000 after buying an additional 74 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC lifted its position in shares of Cardinal Health by 75.0% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 175 shares of the company’s stock valued at $29,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Up 0.4%

Shares of NYSE:CAH opened at $190.65 on Monday. The firm has a fifty day simple moving average of $155.17 and a two-hundred day simple moving average of $154.65. Cardinal Health, Inc. has a 52 week low of $107.11 and a 52 week high of $197.67. The stock has a market capitalization of $45.29 billion, a P/E ratio of 29.56, a PEG ratio of 1.39 and a beta of 0.71.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Thursday, October 30th. The company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.33. The company had revenue of $64.01 billion for the quarter, compared to analyst estimates of $59.41 billion. Cardinal Health had a negative return on equity of 74.45% and a net margin of 0.70%.Cardinal Health’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.88 EPS. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were given a dividend of $0.5107 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.1%. Cardinal Health’s dividend payout ratio (DPR) is 30.77%.

Insider Activity

In related news, insider Michelle D. Greene sold 13,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $148.82, for a total value of $2,009,070.00. Following the completion of the sale, the insider owned 14,976 shares in the company, valued at approximately $2,228,728.32. The trade was a 47.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jessica L. Mayer sold 38,078 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $148.82, for a total value of $5,666,767.96. Following the completion of the transaction, the insider directly owned 48,457 shares in the company, valued at approximately $7,211,370.74. This trade represents a 44.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 271,676 shares of company stock valued at $40,489,525. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CAH shares. Wells Fargo & Company reissued an “overweight” rating and issued a $185.00 price target (up from $183.00) on shares of Cardinal Health in a report on Wednesday, August 13th. Citigroup lifted their price objective on shares of Cardinal Health from $165.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday. Jefferies Financial Group set a $150.00 target price on shares of Cardinal Health in a research report on Tuesday, August 12th. Robert W. Baird set a $232.00 target price on shares of Cardinal Health in a research note on Friday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cardinal Health in a research note on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.87.

Cardinal Health Company Profile

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.