Federated Hermes Inc. Buys 88,345 Shares of Cardinal Health, Inc. $CAH

Federated Hermes Inc. raised its stake in Cardinal Health, Inc. (NYSE:CAH) by 11.2% during the second quarter, Holdings Channel reports. The fund owned 878,986 shares of the company’s stock after buying an additional 88,345 shares during the period. Federated Hermes Inc.’s holdings in Cardinal Health were worth $147,670,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of CAH. Geode Capital Management LLC raised its holdings in shares of Cardinal Health by 3.3% in the 2nd quarter. Geode Capital Management LLC now owns 6,389,049 shares of the company’s stock worth $1,069,005,000 after purchasing an additional 205,539 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Cardinal Health by 40.0% in the first quarter. JPMorgan Chase & Co. now owns 4,175,992 shares of the company’s stock valued at $575,327,000 after buying an additional 1,193,983 shares during the period. Norges Bank bought a new stake in shares of Cardinal Health in the second quarter valued at $584,420,000. Northern Trust Corp lifted its position in shares of Cardinal Health by 3.5% during the 1st quarter. Northern Trust Corp now owns 3,143,003 shares of the company’s stock valued at $433,012,000 after buying an additional 105,154 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Cardinal Health by 7.3% during the 2nd quarter. Invesco Ltd. now owns 3,037,782 shares of the company’s stock worth $510,347,000 after acquiring an additional 207,750 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

CAH has been the topic of a number of research reports. Morgan Stanley restated an “overweight” rating on shares of Cardinal Health in a research note on Tuesday, August 12th. Citigroup boosted their price target on shares of Cardinal Health from $165.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Leerink Partners raised their price objective on shares of Cardinal Health from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. UBS Group lifted their price objective on shares of Cardinal Health from $185.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Mizuho increased their target price on Cardinal Health from $170.00 to $210.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $206.57.

Cardinal Health Trading Down 0.1%

Shares of NYSE:CAH opened at $198.93 on Friday. The company has a 50 day moving average of $182.59 and a 200 day moving average of $165.13. The stock has a market cap of $47.27 billion, a P/E ratio of 30.00, a P/E/G ratio of 1.45 and a beta of 0.63. Cardinal Health, Inc. has a 12 month low of $114.60 and a 12 month high of $214.93.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Thursday, October 30th. The company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.33. The firm had revenue of $64.01 billion during the quarter, compared to analyst estimates of $59.41 billion. Cardinal Health had a net margin of 0.68% and a negative return on equity of 84.37%. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 EPS. 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 Dividend Announcement

The firm also recently announced 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 is Friday, January 2nd. Cardinal Health’s payout ratio is presently 30.77%.

Cardinal Health Company Profile

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.