Public Employees Retirement System of Ohio Decreases Stake in Cardinal Health, Inc. $CAH

Public Employees Retirement System of Ohio decreased its holdings in Cardinal Health, Inc. (NYSE:CAH) by 13.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,997 shares of the company’s stock after selling 13,326 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Cardinal Health were worth $18,806,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Redhawk Wealth Advisors Inc. boosted its position in shares of Cardinal Health by 0.5% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 9,255 shares of the company’s stock worth $1,902,000 after purchasing an additional 48 shares in the last quarter. HF Advisory Group LLC increased its holdings in shares of Cardinal Health by 0.9% in the 4th quarter. HF Advisory Group LLC now owns 5,227 shares of the company’s stock valued at $1,074,000 after purchasing an additional 49 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in shares of Cardinal Health by 1.2% in the 1st quarter. Kathmere Capital Management LLC now owns 4,242 shares of the company’s stock valued at $896,000 after purchasing an additional 49 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Cardinal Health by 0.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 5,760 shares of the company’s stock valued at $1,184,000 after purchasing an additional 50 shares during the period. Finally, V Square Quantitative Management LLC lifted its stake in shares of Cardinal Health by 2.6% in the first quarter. V Square Quantitative Management LLC now owns 2,002 shares of the company’s stock valued at $423,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

CAH has been the subject of a number of research analyst reports. Robert W. Baird set a $248.00 target price on shares of Cardinal Health in a report on Friday, May 1st. William Blair started coverage on Cardinal Health in a research note on Tuesday, April 28th. They set an “outperform” rating on the stock. Mizuho upped their price target on Cardinal Health from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group raised their price objective on Cardinal Health from $260.00 to $274.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, TD Cowen lifted their price objective on Cardinal Health from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $251.73.

Cardinal Health Price Performance

Shares of Cardinal Health stock opened at $227.96 on Friday. Cardinal Health, Inc. has a 1 year low of $137.75 and a 1 year high of $243.21. The business has a 50 day moving average price of $219.98 and a 200 day moving average price of $214.43. The company has a market capitalization of $53.39 billion, a P/E ratio of 34.86, a P/E/G ratio of 1.12 and a beta of 0.49.

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 firm had revenue of $60.94 billion for the quarter, compared to analysts’ expectations of $62.10 billion. Cardinal Health had a negative return on equity of 92.61% and a net margin of 0.62%.Cardinal Health’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.35 EPS. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. As a group, research analysts expect that Cardinal Health, Inc. will post 10.77 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a $0.5158 dividend. This is an increase 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 was Wednesday, July 1st. Cardinal Health’s dividend payout ratio (DPR) is currently 31.50%.

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.