Cardinal Health, Inc. $CAH Position Lessened by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 75.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,950 shares of the company’s stock after selling 12,051 shares during the quarter. Edgestream Partners L.P.’s holdings in Cardinal Health were worth $664,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of Cardinal Health by 75.0% during 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 during the period. Vermillion & White Wealth Management Group LLC boosted its stake in Cardinal Health by 55.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 200 shares of the company’s stock valued at $34,000 after purchasing an additional 71 shares during the period. NewSquare Capital LLC grew its position 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 last quarter. AlphaCore Capital LLC bought a new position in Cardinal Health in the 2nd quarter worth about $41,000. Finally, Harbor Asset Planning Inc. acquired a new stake in shares of Cardinal Health in the second quarter valued at approximately $49,000. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CAH has been the subject of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Cardinal Health in a research report on Wednesday, October 8th. Citigroup lifted their target price on Cardinal Health from $165.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Argus increased their price target on Cardinal Health from $189.00 to $211.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Jefferies Financial Group set a $220.00 price target on Cardinal Health and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of Cardinal Health from $185.00 to $221.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Cardinal Health currently has an average rating of “Moderate Buy” and an average target price of $206.57.

Cardinal Health Stock Performance

Shares of CAH stock opened at $198.93 on Friday. Cardinal Health, Inc. has a 1 year low of $114.60 and a 1 year high of $214.93. The business’s fifty day moving average is $182.59 and its 200-day moving average is $165.13. The stock has a market cap of $47.27 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 1.45 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last announced 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. The business had revenue of $64.01 billion during 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 prior year, the firm posted $1.88 earnings per share. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. Equities research analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

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

Cardinal Health Company 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.