OP Asset Management Ltd Takes $20.95 Million Position in Cardinal Health, Inc. $CAH

OP Asset Management Ltd acquired a new stake in shares of Cardinal Health, Inc. (NYSE:CAH) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 99,131 shares of the company’s stock, valued at approximately $20,947,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Aventura Private Wealth LLC bought a new position in Cardinal Health in the 4th quarter valued at $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Cardinal Health in the fourth quarter worth $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Cardinal Health in the fourth quarter worth $27,000. Jones Financial Companies Lllp boosted its stake in Cardinal Health by 198.3% during the first quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock valued at $27,000 after buying an additional 14,034 shares during the period. Finally, Palladiem LLC purchased a new position in Cardinal Health during the fourth quarter worth about $28,000. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen cut Cardinal Health from a “strong-buy” rating to a “buy” rating in a report on Monday, June 15th. Robert W. Baird set a $248.00 price objective on Cardinal Health in a report on Friday, May 1st. William Blair started coverage on shares of Cardinal Health in a research report on Tuesday, April 28th. They issued an “outperform” rating on the stock. Leerink Partners reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Cardinal Health in a research note on Monday, March 9th. Finally, Citigroup dropped their target price 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 assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.93.

Cardinal Health Stock Up 2.1%

Shares of CAH stock opened at $233.61 on Thursday. The business has a 50-day moving average price of $205.15 and a two-hundred day moving average price of $209.86. Cardinal Health, Inc. has a 12-month low of $137.75 and a 12-month high of $235.71. The firm has a market cap of $54.71 billion, a P/E ratio of 35.72, a price-to-earnings-growth ratio of 1.25 and a beta of 0.52.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Thursday, April 30th. The company reported $3.17 EPS for the quarter, beating the consensus estimate of $2.79 by $0.38. The firm had revenue of $60.94 billion for the quarter, compared to analyst estimates of $62.10 billion. Cardinal Health had a negative return on equity of 92.61% and a net margin of 0.62%.The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company 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 10.76 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.5158 per share. This represents a $2.06 annualized dividend and a dividend yield of 0.9%. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, July 1st. Cardinal Health’s payout ratio is 31.19%.

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.