Howard Capital Management Inc. Makes New Investment in Cardinal Health, Inc. $CAH

Howard Capital Management Inc. purchased a new position in Cardinal Health, Inc. (NYSE:CAH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,454 shares of the company’s stock, valued at approximately $244,000.

A number of other hedge funds have also modified their holdings of the company. First National Trust Co boosted its position in shares of Cardinal Health by 0.3% in the second quarter. First National Trust Co now owns 37,608 shares of the company’s stock worth $6,318,000 after purchasing an additional 98 shares during the period. Petra Financial Advisors Inc. bought a new position in shares of Cardinal Health during the second quarter worth $586,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Cardinal Health by 24.3% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 69,617 shares of the company’s stock worth $11,696,000 after acquiring an additional 13,600 shares during the last quarter. Rossby Financial LCC boosted its position in shares of Cardinal Health by 205.9% during the second quarter. Rossby Financial LCC now owns 520 shares of the company’s stock worth $87,000 after acquiring an additional 350 shares during the last quarter. Finally, AustralianSuper Pty Ltd bought a new position in shares of Cardinal Health during the second quarter worth $33,849,000. 87.17% of the stock is currently owned by institutional investors.

Insider Transactions at Cardinal Health

In other news, insider Jessica L. Mayer sold 38,078 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $148.82, for a total value of $5,666,767.96. Following the completion of the sale, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ola M. Snow sold 28,151 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $148.94, for a total value of $4,192,809.94. Following the transaction, the insider owned 15,431 shares of the company’s stock, valued at $2,298,293.14. This trade represents a 64.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 271,676 shares of company stock worth $40,489,525. 0.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CAH has been the subject of a number of research reports. Argus set a $189.00 target price on shares of Cardinal Health in a research report on Friday, August 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Cardinal Health in a report on Tuesday, August 12th. Leerink Partners lifted their target price on Cardinal Health from $186.00 to $187.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Robert W. Baird lifted their target price on Cardinal Health from $197.00 to $203.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Finally, Jefferies Financial Group set a $150.00 target price on Cardinal Health in a report on Tuesday, August 12th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $166.00.

Cardinal Health Stock Up 15.3%

CAH stock opened at $189.64 on Friday. Cardinal Health, Inc. has a 52 week low of $107.11 and a 52 week high of $195.15. The company has a fifty day simple moving average of $154.31 and a two-hundred day simple moving average of $153.98. The firm has a market capitalization of $45.05 billion, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 1.39 and a beta of 0.71.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, October 30th. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.22 by $0.33. Cardinal Health had a net margin of 0.70% and a negative return on equity of 74.45%. The business had revenue of $64.01 billion during the quarter, compared to analyst estimates of $59.41 billion. During the same quarter last year, the business earned $1.88 earnings per share. Cardinal Health’s quarterly revenue was up 22.4% compared to the same quarter last year. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. As a group, analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were issued a $0.5107 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, October 1st. Cardinal Health’s dividend payout ratio (DPR) is 31.63%.

Cardinal Health 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.