Harbour Investments Inc. Has $7.29 Million Position in Cardinal Health, Inc. $CAH

Harbour Investments Inc. increased its stake in Cardinal Health, Inc. (NYSE:CAH) by 2,601.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,471 shares of the company’s stock after purchasing an additional 34,158 shares during the period. Harbour Investments Inc.’s holdings in Cardinal Health were worth $7,289,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Aventura Private Wealth LLC acquired a new stake in shares of Cardinal Health in the 4th quarter valued at $25,000. Elyxium Wealth LLC acquired a new position in shares of Cardinal Health during the fourth quarter valued at $34,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Cardinal Health by 38.7% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 190 shares of the company’s stock valued at $39,000 after acquiring an additional 53 shares during the last quarter. JPL Wealth Management LLC bought a new position in Cardinal Health in the third quarter valued at about $31,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in Cardinal Health in the third quarter worth about $31,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on CAH shares. Evercore dropped their price objective on Cardinal Health from $260.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. TD Cowen lifted their price target on shares of Cardinal Health from $251.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Wall Street Zen raised shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Weiss Ratings cut shares of Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, May 19th. Finally, Morgan Stanley lifted their target price on shares of Cardinal Health from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.80.

Cardinal Health Trading Up 0.1%

Shares of CAH opened at $200.94 on Wednesday. Cardinal Health, Inc. has a 1 year low of $137.75 and a 1 year high of $233.60. The stock has a market cap of $47.06 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 1.19 and a beta of 0.53. The stock’s 50-day moving average price is $204.51 and its two-hundred day moving average price is $208.89.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Thursday, April 30th. The company reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $2.79 by $0.38. The company had revenue of $60.94 billion during the quarter, compared to analysts’ expectations of $62.10 billion. Cardinal Health had a negative return on equity of 92.61% and a net margin of 0.62%.Cardinal Health’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.35 EPS. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. As a group, equities analysts forecast that Cardinal Health, Inc. will post 10.76 EPS for the current year.

Cardinal Health Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $0.5158 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 1.0%. Cardinal Health’s payout ratio is currently 31.19%.

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.