Capricorn Fund Managers Ltd Invests $594,000 in Cardinal Health, Inc. $CAH

Capricorn Fund Managers Ltd purchased a new stake in Cardinal Health, Inc. (NYSE:CAH) in the 1st quarter, Holdings Channel.com reports. The firm purchased 2,813 shares of the company’s stock, valued at approximately $594,000.

Other institutional investors have also modified their holdings of the company. Aventura Private Wealth LLC bought a new position in Cardinal Health in the fourth quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Cardinal Health during the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new position in shares of Cardinal Health during the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp raised its position in shares of 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 purchasing an additional 14,034 shares during the period. Finally, Palladiem LLC bought a new stake in shares of Cardinal Health in the 4th quarter worth approximately $28,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CAH. Wells Fargo & Company reduced 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. Weiss Ratings cut Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, May 19th. William Blair initiated coverage on Cardinal Health in a research note on Tuesday, April 28th. They issued an “outperform” rating on the stock. TD Cowen boosted their price target on shares of Cardinal Health from $251.00 to $255.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Citigroup lowered their price target on shares of Cardinal Health from $249.00 to $245.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $246.93.

Cardinal Health Price Performance

Shares of CAH stock opened at $237.87 on Wednesday. Cardinal Health, Inc. has a 12-month low of $137.75 and a 12-month high of $240.93. The firm has a market capitalization of $55.71 billion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 1.29 and a beta of 0.52. The business has a 50 day simple moving average of $207.00 and a 200 day simple moving average of $210.93.

Cardinal Health (NYSE:CAH) last posted its earnings results on Thursday, April 30th. The company reported $3.17 EPS for the quarter, beating 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 analysts’ expectations of $62.10 billion. During the same period last year, the firm earned $2.35 EPS. The firm’s 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. On average, equities analysts anticipate that Cardinal Health, Inc. will post 10.76 EPS 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 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 dividend yield of 0.9%. The ex-dividend date is Wednesday, July 1st. Cardinal Health’s dividend payout ratio (DPR) 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.