IFM Investors Pty Ltd Has $9.08 Million Stake in Cardinal Health, Inc. $CAH

IFM Investors Pty Ltd lifted its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 14.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,962 shares of the company’s stock after purchasing an additional 5,489 shares during the quarter. IFM Investors Pty Ltd’s holdings in Cardinal Health were worth $9,078,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Aventura Private Wealth LLC acquired a new position in Cardinal Health in the 4th quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cardinal Health during the 4th quarter worth $26,000. Bank of Jackson Hole Trust bought a new position in shares of Cardinal Health in the fourth quarter worth $27,000. Jones Financial Companies Lllp increased its position in shares of Cardinal Health by 198.3% in the first 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. Finally, Palladiem LLC acquired a new position in Cardinal Health in the fourth quarter valued at about $28,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CAH. TD Cowen upped their price objective 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. Zacks Research lowered shares of Cardinal Health from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. JPMorgan Chase & Co. dropped their target price on shares of Cardinal Health from $243.00 to $215.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Citigroup reaffirmed a “buy” rating on shares of Cardinal Health in a report on Thursday. Finally, Leerink Partners reiterated an “outperform” rating and set a $275.00 price target on shares of Cardinal Health in a research report on Monday, March 9th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Cardinal Health has an average rating of “Moderate Buy” and an average price target of $247.80.

Cardinal Health Price Performance

Shares of Cardinal Health stock opened at $238.79 on Friday. The company’s 50 day moving average price is $208.22 and its two-hundred day moving average price is $211.50. The firm has a market capitalization of $55.93 billion, a P/E ratio of 36.51, a P/E/G ratio of 1.17 and a beta of 0.49. Cardinal Health, Inc. has a fifty-two week low of $137.75 and a fifty-two week high of $240.93.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, April 30th. The company reported $3.17 earnings per share (EPS) for the quarter, topping 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 business had revenue of $60.94 billion during the quarter, compared to analysts’ expectations of $62.10 billion. During the same quarter in the prior year, the firm earned $2.35 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. On average, analysts expect that Cardinal Health, Inc. will post 10.76 earnings per share for the current year.

Cardinal Health Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $0.5158 dividend. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, July 1st. Cardinal Health’s payout ratio is presently 31.50%.

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.