Cardinal Health, Inc. $CAH Shares Purchased by CW Advisors LLC

CW Advisors LLC boosted its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 130.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 18,656 shares of the company’s stock after buying an additional 10,565 shares during the period. CW Advisors LLC’s holdings in Cardinal Health were worth $3,134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB increased its position in shares of Cardinal Health by 3.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,767 shares of the company’s stock worth $297,000 after acquiring an additional 62 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Cardinal Health by 0.4% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,805 shares of the company’s stock worth $2,991,000 after purchasing an additional 69 shares during the period. Vermillion & White Wealth Management Group LLC raised its position 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 valued at $34,000 after purchasing an additional 71 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Cardinal Health by 3.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,314 shares of the company’s stock valued at $389,000 after buying an additional 72 shares during the period. Finally, Community Bank & Trust Waco Texas grew its position in shares of Cardinal Health by 1.3% during the second quarter. Community Bank & Trust Waco Texas now owns 5,598 shares of the company’s stock worth $940,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CAH shares. TD Cowen lifted their price target on shares of Cardinal Health from $183.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Robert W. Baird set a $232.00 price objective on shares of Cardinal Health in a research report on Friday, October 31st. Jefferies Financial Group set a $220.00 target price on Cardinal Health and gave the company a “buy” rating in a report on Monday, November 3rd. UBS Group lifted their price target on Cardinal Health from $185.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Leerink Partners increased their price objective on Cardinal Health from $211.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Cardinal Health currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.57.

Cardinal Health Stock Performance

Shares of CAH stock opened at $198.93 on Friday. The stock’s 50-day moving average is $182.59 and its two-hundred day moving average is $165.13. Cardinal Health, Inc. has a 1 year low of $114.60 and a 1 year high of $214.93. The firm has a market cap of $47.27 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 1.45 and a beta of 0.63.

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, beating analysts’ consensus estimates of $2.22 by $0.33. The firm had revenue of $64.01 billion during the quarter, compared to analysts’ expectations of $59.41 billion. Cardinal Health had a negative return on equity of 84.37% and a net margin of 0.68%.The business’s revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 EPS. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. As a group, research analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be issued 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 of this dividend is Friday, January 2nd. Cardinal Health’s payout ratio is presently 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.