Teacher Retirement System of Texas Grows Stock Holdings in Cardinal Health, Inc. $CAH

Teacher Retirement System of Texas raised its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 11.2% in the 3rd quarter, Holdings Channel reports. The fund owned 274,612 shares of the company’s stock after acquiring an additional 27,660 shares during the quarter. Teacher Retirement System of Texas’ holdings in Cardinal Health were worth $43,103,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Baird Financial Group Inc. raised its stake in shares of Cardinal Health by 107.2% during the second quarter. Baird Financial Group Inc. now owns 99,393 shares of the company’s stock worth $16,698,000 after purchasing an additional 51,416 shares during the last quarter. Voya Investment Management LLC increased its stake in Cardinal Health by 298.3% in the 3rd quarter. Voya Investment Management LLC now owns 821,723 shares of the company’s stock valued at $128,978,000 after buying an additional 615,398 shares during the period. Nomura Holdings Inc. raised its position in Cardinal Health by 568.0% during the 2nd quarter. Nomura Holdings Inc. now owns 85,293 shares of the company’s stock worth $14,329,000 after buying an additional 72,525 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Cardinal Health by 19.1% in the 2nd quarter. Marshall Wace LLP now owns 1,930,967 shares of the company’s stock worth $324,402,000 after acquiring an additional 309,335 shares during the period. Finally, Columbus Macro LLC boosted its holdings in shares of Cardinal Health by 102.8% in the third quarter. Columbus Macro LLC now owns 36,529 shares of the company’s stock valued at $5,734,000 after acquiring an additional 18,516 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Cardinal Health Stock Performance

Cardinal Health stock opened at $208.29 on Friday. Cardinal Health, Inc. has a fifty-two week low of $120.72 and a fifty-two week high of $215.48. The company has a market capitalization of $49.49 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 1.40 and a beta of 0.65. The stock has a fifty day moving average of $205.78 and a two-hundred day moving average of $176.18.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data on Thursday, October 30th. The company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.33. The business had revenue of $64.01 billion for the quarter, compared to analyst estimates of $59.41 billion. Cardinal Health had a negative return on equity of 84.37% and a net margin of 0.68%.The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.88 earnings per share. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. On average, analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were issued a dividend of $0.5107 per share. The ex-dividend date was Friday, January 2nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.0%. Cardinal Health’s payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

CAH has been the subject of several analyst reports. Jefferies Financial Group increased their price target on shares of Cardinal Health from $220.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday. Mizuho set a $222.00 price target on Cardinal Health in a report on Monday, January 12th. Leerink Partners set a $240.00 price target on Cardinal Health in a research note on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft increased their price objective on Cardinal Health from $195.00 to $208.00 and gave the stock a “hold” rating in a research report on Tuesday, November 18th. Finally, TD Cowen boosted their target price on shares of Cardinal Health from $183.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $219.67.

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.