Brown Advisory Inc. Sells 44,215 Shares of Cardinal Health, Inc. $CAH

Brown Advisory Inc. cut its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 25.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 130,647 shares of the company’s stock after selling 44,215 shares during the period. Brown Advisory Inc.’s holdings in Cardinal Health were worth $21,949,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CAH. Counterpoint Mutual Funds LLC bought a new position in shares of Cardinal Health in the 2nd quarter worth about $1,911,000. Atlantic Union Bankshares Corp bought a new position in shares of Cardinal Health during the second quarter valued at approximately $79,000. KLP Kapitalforvaltning AS lifted its holdings in shares of Cardinal Health by 4.0% during the second quarter. KLP Kapitalforvaltning AS now owns 114,198 shares of the company’s stock valued at $19,185,000 after purchasing an additional 4,400 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Cardinal Health by 92.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,679,176 shares of the company’s stock worth $282,063,000 after purchasing an additional 807,063 shares in the last quarter. Finally, Czech National Bank grew its stake in shares of Cardinal Health by 5.1% in the 2nd quarter. Czech National Bank now owns 58,341 shares of the company’s stock worth $9,801,000 after buying an additional 2,857 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CAH. Wells Fargo & Company lifted their price objective on Cardinal Health from $185.00 to $221.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. TD Cowen lifted their price target on Cardinal Health from $183.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Cardinal Health in a research report on Wednesday, October 8th. Evercore ISI lifted their target price on shares of Cardinal Health from $190.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Mizuho increased their price target on shares of Cardinal Health from $170.00 to $210.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Twelve investment 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.com, Cardinal Health has a consensus rating of “Moderate Buy” and a consensus price target of $206.57.

Cardinal Health Stock Performance

CAH opened at $198.93 on Friday. The company’s 50-day simple moving average is $182.59 and its two-hundred day simple moving average is $165.13. The stock has a market capitalization of $47.27 billion, a P/E ratio of 30.00, a P/E/G ratio of 1.45 and a beta of 0.63. Cardinal Health, Inc. has a 52-week low of $114.60 and a 52-week high of $214.93.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data 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. Cardinal Health had a net margin of 0.68% and a negative return on equity of 84.37%. The firm had revenue of $64.01 billion during the quarter, compared to analysts’ expectations of $59.41 billion. During the same period in the previous year, the company earned $1.88 earnings per share. The firm’s quarterly revenue was up 22.4% on a year-over-year basis. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. Research analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be paid a $0.5107 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, January 2nd. Cardinal Health’s dividend payout ratio (DPR) is 30.77%.

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.