Vise Technologies Inc. Purchases 4,193 Shares of Cardinal Health, Inc. $CAH

Vise Technologies Inc. raised its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 91.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,782 shares of the company’s stock after purchasing an additional 4,193 shares during the quarter. Vise Technologies Inc.’s holdings in Cardinal Health were worth $1,805,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CAH. Aventura Private Wealth LLC bought a new position in shares of Cardinal Health during the 4th quarter valued at approximately $25,000. Jones Financial Companies Lllp grew its stake 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 valued at $27,000 after acquiring an additional 14,034 shares during the period. JPL Wealth Management LLC bought a new position in shares of Cardinal Health during the 3rd quarter valued at approximately $31,000. Turning Point Benefit Group Inc. bought a new position in shares of Cardinal Health during the 3rd quarter valued at approximately $31,000. Finally, Cape Investment Advisory Inc. grew its stake in shares of Cardinal Health by 61.1% during the 3rd quarter. Cape Investment Advisory Inc. now owns 211 shares of the company’s stock valued at $33,000 after acquiring an additional 80 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CAH. Weiss Ratings downgraded Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, May 19th. William Blair began coverage on Cardinal Health in a research note on Tuesday, April 28th. They set an “outperform” rating for the company. Wall Street Zen upgraded Cardinal Health from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Citigroup cut their price objective on Cardinal Health from $249.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, TD Cowen boosted their price objective on Cardinal Health from $251.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Cardinal Health has an average rating of “Moderate Buy” and an average target price of $241.80.

Cardinal Health Stock Performance

NYSE CAH opened at $205.79 on Monday. The company has a market capitalization of $48.20 billion, a P/E ratio of 31.47, a P/E/G ratio of 1.12 and a beta of 0.52. Cardinal Health, Inc. has a one year low of $137.75 and a one year high of $233.60. The stock has a 50 day moving average price of $202.53 and a 200-day moving average price of $208.59.

Cardinal Health (NYSE:CAH) last posted 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 during the quarter, compared to the consensus estimate 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 quarterly revenue was up 11.0% compared to the same quarter last year. 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, equities analysts predict that Cardinal Health, Inc. will post 10.76 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a $0.5158 dividend. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, July 1st. Cardinal Health’s dividend payout ratio is 31.19%.

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.