Keybank National Association OH Purchases 2,267 Shares of Cardinal Health, Inc. $CAH

Keybank National Association OH grew its position in Cardinal Health, Inc. (NYSE:CAH) by 12.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,862 shares of the company’s stock after buying an additional 2,267 shares during the quarter. Keybank National Association OH’s holdings in Cardinal Health were worth $4,408,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Aventura Private Wealth LLC acquired a new position in Cardinal Health during the fourth quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cardinal Health in the 4th quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Cardinal Health in the 4th quarter valued at $27,000. Jones Financial Companies Lllp increased its stake in shares of Cardinal Health by 198.3% in the 1st 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. Finally, Palladiem LLC bought a new position in shares of Cardinal Health in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CAH shares. Morgan Stanley upped their price objective on Cardinal Health from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Robert W. Baird set a $248.00 target price on Cardinal Health in a research note on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Cardinal Health in a report on Thursday. TD Cowen raised their price target on shares of Cardinal Health from $251.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Weiss Ratings lowered shares of Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, May 19th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Cardinal Health currently has an average rating of “Moderate Buy” and an average price target of $247.80.

Cardinal Health Stock Down 0.1%

NYSE CAH opened at $238.79 on Friday. The company has a market capitalization of $55.93 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 1.17 and a beta of 0.49. Cardinal Health, Inc. has a twelve month low of $137.75 and a twelve month high of $240.93. The stock has a fifty day simple moving average of $208.99 and a 200 day simple moving average of $211.70.

Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, April 30th. The company reported $3.17 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $62.10 billion. During the same period in the previous year, the business earned $2.35 EPS. The business’s quarterly revenue 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. Research analysts expect that Cardinal Health, Inc. will post 10.76 earnings per share for the current fiscal year.

Cardinal Health Increases Dividend

The business 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 an increase 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 of this dividend is Wednesday, July 1st. Cardinal Health’s payout ratio is presently 31.50%.

About Cardinal Health

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.