Healthcare of Ontario Pension Plan Trust Fund Cuts Stake in Cardinal Health, Inc. $CAH

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in Cardinal Health, Inc. (NYSE:CAH) by 29.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 208,259 shares of the company’s stock after selling 85,061 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.09% of Cardinal Health worth $42,797,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAH. Aventura Private Wealth LLC bought a new stake in Cardinal Health in the fourth quarter valued at approximately $25,000. Bank of Jackson Hole Trust bought a new stake in Cardinal Health in the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp lifted its position in Cardinal Health by 198.3% in the first quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock valued at $27,000 after purchasing an additional 14,034 shares during the last quarter. Palladiem LLC bought a new stake in Cardinal Health in the fourth quarter valued at approximately $28,000. Finally, JPL Wealth Management LLC bought a new stake in Cardinal Health in the third quarter valued at approximately $31,000. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Down 0.0%

Shares of Cardinal Health stock opened at $223.76 on Monday. The company has a market cap of $52.41 billion, a PE ratio of 34.21, a P/E/G ratio of 1.22 and a beta of 0.52. The business has a 50 day moving average of $203.21 and a 200 day moving average of $208.83. Cardinal Health, Inc. has a 52 week low of $137.75 and a 52 week high of $233.60.

Cardinal Health (NYSE:CAH) last announced its 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 the consensus estimate of $62.10 billion. Cardinal Health had a negative return on equity of 92.61% and a net margin of 0.62%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.35 earnings per share. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. On average, research analysts anticipate that Cardinal Health, Inc. will post 10.76 earnings per share for the current year.

Cardinal Health Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a dividend of $0.5158 per share. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, July 1st. Cardinal Health’s dividend payout ratio is currently 31.19%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wall Street Zen downgraded Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Monday. Morgan Stanley boosted their price objective on Cardinal Health from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Wells Fargo & Company lowered their price objective on Cardinal Health from $256.00 to $245.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. TD Cowen boosted their price objective on Cardinal Health from $251.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Robert W. Baird set a $248.00 price objective on Cardinal Health in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Cardinal Health presently has an average rating of “Moderate Buy” and a consensus price target of $246.93.

Cardinal Health 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.