West Family Investments Inc. Purchases New Position in Cardinal Health, Inc. $CAH

West Family Investments Inc. acquired a new stake in Cardinal Health, Inc. (NYSE:CAH) in the second quarter, Holdings Channel.com reports. The firm acquired 1,793 shares of the company’s stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CAH. Greykasell Wealth Strategies Inc. bought a new position in shares of Cardinal Health in the first quarter worth $26,000. Jones Financial Companies Lllp raised its stake in shares of Cardinal Health by 198.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock valued at $27,000 after purchasing an additional 14,034 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its holdings in Cardinal Health by 75.0% during the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 175 shares of the company’s stock worth $29,000 after purchasing an additional 75 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its stake in Cardinal Health by 55.0% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 200 shares of the company’s stock worth $34,000 after purchasing an additional 71 shares during the period. Finally, NewSquare Capital LLC boosted its stake in Cardinal Health by 100.0% in the 2nd quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock worth $36,000 after purchasing an additional 107 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group upped their price target on Cardinal Health from $185.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Robert W. Baird set a $232.00 price objective on shares of Cardinal Health in a research note on Friday, October 31st. Wells Fargo & Company increased their target price on shares of Cardinal Health from $185.00 to $221.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Cardinal Health from $195.00 to $208.00 and gave the stock a “hold” rating in a report on Tuesday, November 18th. Finally, Argus lifted their price objective on Cardinal Health from $189.00 to $211.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.57.

Cardinal Health Price Performance

Shares of NYSE:CAH opened at $212.26 on Monday. The company’s fifty day moving average price is $177.57 and its 200-day moving average price is $163.50. The firm has a market capitalization of $50.43 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 1.39 and a beta of 0.72. Cardinal Health, Inc. has a one year low of $114.60 and a one year high of $214.93.

Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, October 30th. The company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.33. The company had revenue of $64.01 billion during the quarter, compared to analyst estimates of $59.41 billion. Cardinal Health had a net margin of 0.70% and a negative return on equity of 74.45%. During the same period in the previous year, the business earned $1.88 earnings per share. The firm’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, equities research analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

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