Kwmg LLC Sells 10,281 Shares of Cardinal Health, Inc. $CAH

Kwmg LLC lowered its position in Cardinal Health, Inc. (NYSE:CAH) by 9.0% during the 3rd quarter, Holdings Channel reports. The firm owned 103,812 shares of the company’s stock after selling 10,281 shares during the quarter. Cardinal Health comprises approximately 1.4% of Kwmg LLC’s investment portfolio, making the stock its 21st largest holding. Kwmg LLC’s holdings in Cardinal Health were worth $16,294,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CAH. Jones Financial Companies Lllp lifted its holdings in shares of Cardinal Health by 198.3% in the 1st quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock worth $27,000 after buying an additional 14,034 shares during the period. Atlantic Edge Private Wealth Management LLC raised its holdings 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. Vermillion & White Wealth Management Group LLC lifted its stake in Cardinal Health by 55.0% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 200 shares of the company’s stock worth $34,000 after acquiring an additional 71 shares during the period. NewSquare Capital LLC grew its holdings in Cardinal Health by 100.0% during the 2nd quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock worth $36,000 after acquiring an additional 107 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new position in Cardinal Health during the 2nd quarter worth about $41,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group set a $220.00 price objective on shares of Cardinal Health and gave the company a “buy” rating in a research note on Monday, November 3rd. Leerink Partners increased their target price on Cardinal Health from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, November 17th. Citigroup boosted their price target on Cardinal Health from $165.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Evercore ISI raised their price objective on Cardinal Health from $190.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Argus lifted their target price on Cardinal Health from $189.00 to $211.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $209.00.

Cardinal Health Price Performance

Shares of CAH stock opened at $198.28 on Thursday. The stock’s fifty day moving average price is $189.29 and its 200 day moving average price is $167.65. Cardinal Health, Inc. has a 1-year low of $115.00 and a 1-year high of $214.93. The company has a market cap of $47.11 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 1.44 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Thursday, October 30th. The company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.33. The business 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 84.37% and a net margin of 0.68%.The company’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.88 earnings per share. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. As a group, equities research analysts anticipate that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.5107 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, January 2nd. Cardinal Health’s payout ratio is presently 30.77%.

About Cardinal Health

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.