Meeder Asset Management Inc. Trims Position in Cardinal Health, Inc. $CAH

Meeder Asset Management Inc. lowered its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 37.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,638 shares of the company’s stock after selling 14,102 shares during the quarter. Meeder Asset Management Inc.’s holdings in Cardinal Health were worth $3,710,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CAH. Integrated Wealth Concepts LLC raised its stake in shares of Cardinal Health by 6.9% during the first quarter. Integrated Wealth Concepts LLC now owns 4,363 shares of the company’s stock worth $601,000 after purchasing an additional 280 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Cardinal Health by 198.3% in the 1st 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. Belpointe Asset Management LLC raised its position in Cardinal Health by 40.4% during the 1st quarter. Belpointe Asset Management LLC now owns 3,901 shares of the company’s stock worth $538,000 after buying an additional 1,122 shares during the last quarter. Advisors Capital Management LLC purchased a new stake in shares of Cardinal Health in the first quarter valued at about $255,000. Finally, Strs Ohio purchased a new stake in shares of Cardinal Health in the first quarter valued at about $2,652,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CAH. Mizuho raised their price objective on shares of Cardinal Health from $170.00 to $210.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Cardinal Health in a report on Wednesday, October 8th. Barclays initiated coverage on Cardinal Health in a research note on Monday, December 8th. They issued an “overweight” rating and a $243.00 price target on the stock. Wells Fargo & Company increased their price objective on Cardinal Health from $185.00 to $221.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Finally, Argus boosted their target price on shares of Cardinal Health from $189.00 to $211.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cardinal Health currently has an average rating of “Moderate Buy” and a consensus target price of $212.60.

Cardinal Health Trading Down 0.7%

Shares of NYSE CAH opened at $201.06 on Monday. The company’s 50-day moving average price is $204.05 and its 200 day moving average price is $173.23. Cardinal Health, Inc. has a 52 week low of $119.25 and a 52 week high of $214.93. The stock has a market cap of $47.77 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 1.46 and a beta of 0.65.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Thursday, October 30th. The company reported $2.55 earnings per share (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 company had revenue of $64.01 billion for the quarter, compared to the consensus estimate of $59.41 billion. During the same quarter in the prior year, the firm earned $1.88 earnings per share. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. As a group, research analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be issued a $0.5107 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, January 2nd. Cardinal Health’s payout ratio is 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.