Vest Financial LLC Trims Position in Cardinal Health, Inc. $CAH

Vest Financial LLC trimmed its holdings in Cardinal Health, Inc. (NYSE:CAH) by 11.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 365,416 shares of the company’s stock after selling 49,193 shares during the period. Vest Financial LLC’s holdings in Cardinal Health were worth $57,356,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAH. Norges Bank purchased a new stake in shares of Cardinal Health during the 2nd quarter valued at $584,420,000. Acadian Asset Management LLC boosted its holdings in Cardinal Health by 92.5% in the second quarter. Acadian Asset Management LLC now owns 1,679,176 shares of the company’s stock valued at $282,063,000 after acquiring an additional 807,063 shares during the last quarter. Prudential Financial Inc. grew its position in Cardinal Health by 476.8% during the second quarter. Prudential Financial Inc. now owns 883,348 shares of the company’s stock valued at $148,402,000 after acquiring an additional 730,209 shares during the period. Voya Investment Management LLC grew its position in Cardinal Health by 298.3% during the third quarter. Voya Investment Management LLC now owns 821,723 shares of the company’s stock valued at $128,978,000 after acquiring an additional 615,398 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new stake in Cardinal Health during the second quarter worth about $79,963,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CAH. Citigroup raised Cardinal Health from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $190.00 to $244.00 in a research note on Friday, January 9th. Argus lifted their price target on shares of Cardinal Health from $189.00 to $211.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Cardinal Health in a research report on Wednesday, October 8th. Jefferies Financial Group set a $220.00 price target on Cardinal Health and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Evercore ISI boosted their price target on Cardinal Health from $190.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $216.33.

Cardinal Health Stock Down 1.0%

CAH stock opened at $210.31 on Wednesday. The company has a 50-day simple moving average of $205.62 and a 200 day simple moving average of $175.45. The company has a market capitalization of $49.97 billion, a P/E ratio of 31.72, a PEG ratio of 1.44 and a beta of 0.65. Cardinal Health, Inc. has a fifty-two week low of $120.72 and a fifty-two week high of $215.48.

Cardinal Health (NYSE:CAH) last released its 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. The business 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 quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.88 earnings per share. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. Equities analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were 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 was Friday, January 2nd. Cardinal Health’s payout ratio is presently 30.77%.

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.