Liberty One Investment Management LLC Acquires 217,826 Shares of Cardinal Health, Inc. $CAH

Liberty One Investment Management LLC boosted its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 101.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 432,951 shares of the company’s stock after purchasing an additional 217,826 shares during the period. Cardinal Health makes up approximately 3.8% of Liberty One Investment Management LLC’s holdings, making the stock its 2nd biggest position. Liberty One Investment Management LLC owned about 0.18% of Cardinal Health worth $67,950,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CPC Advisors LLC acquired a new stake in shares of Cardinal Health during the 3rd quarter valued at $2,287,000. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in shares of Cardinal Health in the 3rd quarter worth $815,000. Quent Capital LLC acquired a new stake in shares of Cardinal Health during the third quarter worth $35,000. PKO Investment Management Joint Stock Co purchased a new stake in shares of Cardinal Health during the third quarter valued at $471,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Cardinal Health by 542.2% during the third quarter. Nordea Investment Management AB now owns 150,705 shares of the company’s stock valued at $23,567,000 after purchasing an additional 127,238 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CAH shares. Weiss Ratings reissued a “buy (b)” rating on shares of Cardinal Health in a research note on Wednesday, October 8th. Evercore ISI raised their target price on shares of Cardinal Health from $190.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Robert W. Baird set a $232.00 price target on shares of Cardinal Health in a report on Friday, October 31st. Wells Fargo & Company upped their price target on shares of Cardinal Health from $185.00 to $221.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Cardinal Health from $195.00 to $208.00 and gave the stock a “hold” rating in a research note on Tuesday, November 18th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Cardinal Health currently has an average rating of “Moderate Buy” and a consensus target price of $213.40.

Cardinal Health Stock Performance

Shares of CAH opened at $202.42 on Tuesday. The company has a market capitalization of $48.10 billion, a PE ratio of 30.53, a PEG ratio of 1.46 and a beta of 0.65. The company’s 50 day moving average price is $204.29 and its 200 day moving average price is $173.48. Cardinal Health, Inc. has a 52 week low of $119.25 and a 52 week high of $214.93.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Thursday, October 30th. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.22 by $0.33. Cardinal Health had a net margin of 0.68% and a negative return on equity of 84.37%. The business had revenue of $64.01 billion for the quarter, compared to analysts’ expectations of $59.41 billion. During the same period in the previous year, the company posted $1.88 EPS. Cardinal Health’s revenue was up 22.4% on a year-over-year basis. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. On average, equities analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be given a dividend of $0.5107 per share. This represents a $2.04 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, January 2nd. Cardinal Health’s dividend payout ratio (DPR) is presently 30.77%.

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.