First Horizon Corp Invests $1.02 Million in Cardinal Health, Inc. $CAH

First Horizon Corp acquired a new stake in Cardinal Health, Inc. (NYSE:CAH) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 6,490 shares of the company’s stock, valued at approximately $1,019,000.

Several other hedge funds have also recently bought and sold shares of CAH. Integrated Wealth Concepts LLC increased its position in shares of Cardinal Health by 6.9% during the first quarter. Integrated Wealth Concepts LLC now owns 4,363 shares of the company’s stock worth $601,000 after acquiring an additional 280 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Cardinal Health by 198.3% in the 1st quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock worth $27,000 after purchasing an additional 14,034 shares during the period. Strs Ohio acquired a new position in Cardinal Health in the 1st quarter worth $2,652,000. Harbor Investment Advisory LLC increased its holdings in Cardinal Health by 25.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 751 shares of the company’s stock worth $126,000 after purchasing an additional 150 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Cardinal Health by 7.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,074 shares of the company’s stock valued at $181,000 after purchasing an additional 79 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CAH shares. Wells Fargo & Company lifted their target price on Cardinal Health from $185.00 to $221.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Robert W. Baird set a $232.00 price target on shares of Cardinal Health in a research note on Friday, October 31st. Mizuho set a $222.00 price objective on shares of Cardinal Health in a research report on Monday. Evercore ISI raised their target price on shares of Cardinal Health from $190.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Argus lifted their price target on shares of Cardinal Health from $189.00 to $211.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $213.40.

Cardinal Health Price Performance

Shares of CAH opened at $202.42 on Tuesday. The company has a market cap of $48.10 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 1.46 and a beta of 0.65. The firm has a 50-day moving average of $204.29 and a 200-day moving average of $173.48. Cardinal Health, Inc. has a one year low of $119.25 and a one year high of $214.93.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, October 30th. The company reported $2.55 earnings per share (EPS) 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 the consensus estimate of $59.41 billion. Cardinal Health had a net margin of 0.68% and a negative return on equity of 84.37%. Cardinal Health’s revenue was up 22.4% on a year-over-year basis. During the same period last year, the business posted $1.88 EPS. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. Analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be paid a $0.5107 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, January 2nd. Cardinal Health’s dividend payout ratio is 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.