Cardinal Health, Inc. $CAH Shares Sold by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. lowered its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 10.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,500 shares of the company’s stock after selling 2,830 shares during the period. LGT Fund Management Co Ltd.’s holdings in Cardinal Health were worth $5,388,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Aventura Private Wealth LLC acquired a new stake in Cardinal Health in the 4th quarter worth about $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Cardinal Health during the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Cardinal Health in the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp boosted 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. Finally, Palladiem LLC purchased a new stake in shares of Cardinal Health during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. William Blair initiated coverage on Cardinal Health in a research note on Tuesday, April 28th. They issued an “outperform” rating for the company. Bank of America upped their target price on shares of Cardinal Health from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Morgan Stanley increased their target price on shares of Cardinal Health from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Robert W. Baird set a $248.00 price target on shares of Cardinal Health in a research note on Friday, May 1st. Finally, Weiss Ratings lowered shares of Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, May 19th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $249.13.

Cardinal Health Price Performance

Cardinal Health stock traded up $1.77 during trading on Friday, reaching $235.54. 2,842,646 shares of the company were exchanged, compared to its average volume of 2,287,700. The stock’s 50 day simple moving average is $212.35 and its two-hundred day simple moving average is $212.99. The company has a market capitalization of $55.16 billion, a P/E ratio of 36.01, a PEG ratio of 1.16 and a beta of 0.49. Cardinal Health, Inc. has a 52-week low of $137.75 and a 52-week high of $243.21.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, April 30th. The company reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.38. The company had revenue of $60.94 billion during the quarter, compared to analysts’ expectations of $62.10 billion. Cardinal Health had a negative return on equity of 92.61% and a net margin of 0.62%.The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior 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 forecast that Cardinal Health, Inc. will post 10.77 earnings per share for the current year.

Cardinal Health Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a $0.5158 dividend. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, July 1st. Cardinal Health’s payout ratio is currently 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.