Exchange Traded Concepts LLC Acquires 4,527 Shares of Cardinal Health, Inc. $CAH

Exchange Traded Concepts LLC raised its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 128.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,060 shares of the company’s stock after buying an additional 4,527 shares during the period. Exchange Traded Concepts LLC’s holdings in Cardinal Health were worth $1,265,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Cardinal Health during the 2nd quarter valued at about $584,420,000. Zurich Insurance Group Ltd FI lifted its position in Cardinal Health by 4,935.9% in the first quarter. Zurich Insurance Group Ltd FI now owns 946,750 shares of the company’s stock valued at $130,434,000 after purchasing an additional 927,950 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Cardinal Health by 92.5% during the second quarter. Acadian Asset Management LLC now owns 1,679,176 shares of the company’s stock valued at $282,063,000 after purchasing an additional 807,063 shares during the period. Prudential Financial Inc. boosted its stake in shares of Cardinal Health by 476.8% during the second quarter. Prudential Financial Inc. now owns 883,348 shares of the company’s stock valued at $148,402,000 after purchasing an additional 730,209 shares during the period. Finally, Alyeska Investment Group L.P. bought a new position in shares of Cardinal Health in the first quarter worth approximately $92,219,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

CAH has been the subject of a number of analyst reports. Argus increased their target price 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. Deutsche Bank Aktiengesellschaft upped their target price on Cardinal Health from $195.00 to $208.00 and gave the stock a “hold” rating in a report on Tuesday, November 18th. Wells Fargo & Company increased their price target 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. Citigroup raised their price objective on Cardinal Health from $165.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, TD Cowen lifted their target price on shares of Cardinal Health from $183.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Cardinal Health currently has an average rating of “Moderate Buy” and an average target price of $209.00.

Cardinal Health Trading Up 0.3%

NYSE:CAH opened at $208.19 on Friday. The company has a market cap of $49.46 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 1.52 and a beta of 0.63. The company has a 50 day simple moving average of $196.29 and a two-hundred day simple moving average of $170.14. Cardinal Health, Inc. has a 12 month low of $117.53 and a 12 month high of $214.93.

Cardinal Health (NYSE:CAH) last released its quarterly 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 business had revenue of $64.01 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.88 EPS. 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 earnings per share for the current year.

Cardinal Health Dividend Announcement

The business 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 (DPR) is presently 30.77%.

About Cardinal Health

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.