Ashford Capital Management Inc. Cuts Holdings in Cardinal Health, Inc. $CAH

Ashford Capital Management Inc. reduced its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 52.1% in the 4th quarter, HoldingsChannel reports. The fund owned 6,087 shares of the company’s stock after selling 6,630 shares during the quarter. Ashford Capital Management Inc.’s holdings in Cardinal Health were worth $1,251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aventura Private Wealth LLC acquired a new position in shares of Cardinal Health during the 4th quarter worth about $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Cardinal Health during the 4th quarter worth about $26,000. Bank of Jackson Hole Trust acquired a new position in shares of Cardinal Health during the 4th quarter worth about $27,000. Jones Financial Companies Lllp boosted its position in shares of Cardinal Health by 198.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock worth $27,000 after acquiring an additional 14,034 shares in the last quarter. Finally, Palladiem LLC acquired a new position in shares of Cardinal Health during the 4th quarter worth about $28,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Cardinal Health Stock Up 0.5%

Shares of NYSE CAH opened at $227.63 on Wednesday. The stock has a market cap of $53.31 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 1.24 and a beta of 0.52. Cardinal Health, Inc. has a 52-week low of $137.75 and a 52-week high of $233.60. The business has a 50-day moving average price of $203.74 and a 200 day moving average price of $209.02.

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

Cardinal Health Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.5158 per share. This represents a $2.06 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, July 1st. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.51. Cardinal Health’s payout ratio is 31.19%.

Analyst Ratings Changes

CAH has been the subject of several analyst reports. Zacks Research cut Cardinal Health from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Barclays upped their price objective on Cardinal Health from $243.00 to $258.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 24th. Robert W. Baird set a $248.00 target price on Cardinal Health in a research report on Friday, May 1st. William Blair initiated coverage on Cardinal Health in a research report on Tuesday, April 28th. They issued an “outperform” rating for the company. Finally, Wall Street Zen cut Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Monday. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Cardinal Health currently has an average rating of “Moderate Buy” and an average price target of $246.93.

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.