Columbus Macro LLC Buys 18,516 Shares of Cardinal Health, Inc. $CAH

Columbus Macro LLC raised its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 102.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 36,529 shares of the company’s stock after purchasing an additional 18,516 shares during the quarter. Columbus Macro LLC’s holdings in Cardinal Health were worth $5,734,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CAH. Norges Bank acquired a new stake in Cardinal Health during the second quarter worth about $584,420,000. Zurich Insurance Group Ltd FI lifted its position in shares of Cardinal Health by 4,935.9% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 946,750 shares of the company’s stock worth $130,434,000 after acquiring an additional 927,950 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Cardinal Health by 92.5% during 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. Prudential Financial Inc. grew its holdings in shares of Cardinal Health by 476.8% during the 2nd quarter. Prudential Financial Inc. now owns 883,348 shares of the company’s stock worth $148,402,000 after purchasing an additional 730,209 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Cardinal Health during the first quarter valued at approximately $92,219,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CAH. Evercore ISI raised their target price on Cardinal Health from $190.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. TD Cowen boosted their price target on shares of Cardinal Health from $183.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Argus raised their price objective on shares of Cardinal Health from $189.00 to $211.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Robert W. Baird set a $232.00 target price on shares of Cardinal Health in a research note on Friday, October 31st. Finally, Wall Street Zen raised shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $209.00.

Cardinal Health Stock Performance

Shares of NYSE CAH opened at $208.19 on Friday. Cardinal Health, Inc. has a 52-week low of $117.53 and a 52-week high of $214.93. The business has a fifty day moving average of $196.29 and a two-hundred day moving average of $170.14. The stock has a market cap of $49.46 billion, a PE ratio of 31.40, a PEG ratio of 1.52 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, topping analysts’ consensus estimates 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 business had revenue of $64.01 billion during the quarter, compared to analysts’ expectations of $59.41 billion. During the same quarter last year, the company posted $1.88 EPS. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. Analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, January 2nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.0%. Cardinal Health’s payout ratio is 30.77%.

Cardinal Health Profile

Cardinal Health is a multinational healthcare services and products company headquartered in Dublin, Ohio. Tracing its roots to the early 1970s, the company has grown into a major provider of supply chain and distribution services for the healthcare sector. Cardinal Health operates across a range of service lines that support hospitals, health systems, pharmacies, physician offices and clinical laboratories.

The company’s core activities include the wholesale distribution of branded and generic pharmaceuticals, the supply and distribution of medical-surgical products, and the provision of logistics and inventory management solutions.