Private Advisor Group LLC Has $5.21 Million Stock Position in Cardinal Health, Inc. $CAH

Private Advisor Group LLC grew its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 36.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,643 shares of the company’s stock after buying an additional 6,647 shares during the quarter. Private Advisor Group LLC’s holdings in Cardinal Health were worth $5,207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CAH. Aventura Private Wealth LLC acquired a new position in Cardinal Health in the fourth quarter worth $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cardinal Health in the fourth quarter valued at $26,000. Bank of Jackson Hole Trust bought a new position in shares of Cardinal Health in the fourth quarter valued at about $27,000. Jones Financial Companies Lllp lifted its position in 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 buying an additional 14,034 shares in the last quarter. Finally, Palladiem LLC acquired a new stake in Cardinal Health in the 4th quarter valued at about $28,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on CAH shares. Evercore decreased their price target on shares of Cardinal Health from $260.00 to $240.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. TD Cowen increased 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. Citigroup reissued a “buy” rating on shares of Cardinal Health in a research note on Thursday, July 2nd. Zacks Research lowered Cardinal Health from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Finally, William Blair started coverage on Cardinal Health in a report on Tuesday, April 28th. They issued an “outperform” rating on the stock. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $247.80.

Cardinal Health Stock Up 0.8%

NYSE:CAH opened at $239.36 on Wednesday. Cardinal Health, Inc. has a 12-month low of $137.75 and a 12-month high of $243.21. The firm has a market capitalization of $56.06 billion, a P/E ratio of 36.60, a P/E/G ratio of 1.17 and a beta of 0.49. The stock’s fifty day simple moving average is $210.43 and its 200-day simple moving average is $212.35.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, April 30th. The company reported $3.17 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 business had revenue of $60.94 billion during the quarter, compared to the consensus estimate of $62.10 billion. During the same quarter in the prior year, the company posted $2.35 earnings per share. The firm’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. As a group, equities research analysts expect that Cardinal Health, Inc. will post 10.76 earnings per share for the current year.

Cardinal Health Increases Dividend

The company also recently disclosed 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 an increase from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, July 1st. Cardinal Health’s dividend 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.