Sowell Financial Services LLC Reduces Stake in Cardinal Health, Inc. $CAH

Sowell Financial Services LLC cut its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 39.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,419 shares of the company’s stock after selling 9,987 shares during the period. Sowell Financial Services LLC’s holdings in Cardinal Health were worth $2,420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Cardinal Health by 3.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,767 shares of the company’s stock valued at $297,000 after acquiring an additional 62 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Cardinal Health by 0.4% in 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 boosted its stake in shares of 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 in the last quarter. Perigon Wealth Management LLC increased its position in shares of Cardinal Health by 3.2% during the second 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 raised its stake in Cardinal Health by 1.3% in 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. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on CAH shares. Jefferies Financial Group set a $220.00 price objective on Cardinal Health and gave the company a “buy” rating in a research report on Monday, November 3rd. Robert W. Baird set a $232.00 price target on Cardinal Health in a research report on Friday, October 31st. Wells Fargo & Company upped their price target on Cardinal Health from $185.00 to $221.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. TD Cowen raised their price objective on Cardinal Health from $183.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Cardinal Health from $195.00 to $208.00 and gave the stock a “hold” rating in a research report on Tuesday, November 18th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $209.00.

Cardinal Health Trading Up 0.3%

Cardinal Health stock opened at $208.19 on Monday. Cardinal Health, Inc. has a 12 month low of $117.53 and a 12 month high of $214.93. The company has a market capitalization of $49.46 billion, a price-to-earnings ratio of 31.40, a price-to-earnings-growth ratio of 1.52 and a beta of 0.63. The business’s fifty day simple moving average is $196.29 and its two-hundred day simple moving average is $170.26.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings results 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 firm 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 company’s revenue was up 22.4% on a year-over-year basis. During the same period last year, the company earned $1.88 earnings per share. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. On average, equities research analysts predict that Cardinal Health, Inc. will post 7.95 EPS 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. This represents a $2.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, January 2nd. Cardinal Health’s dividend payout ratio is currently 30.77%.

Cardinal Health Company 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.