Measured Wealth Private Client Group LLC Has $916,000 Stake in Cardinal Health, Inc. $CAH

Measured Wealth Private Client Group LLC grew its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 182.2% in the first quarter, HoldingsChannel.com reports. The firm owned 4,334 shares of the company’s stock after purchasing an additional 2,798 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Cardinal Health were worth $916,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. bought a new position in shares of Cardinal Health in the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new stake in Cardinal Health during the fourth quarter worth $27,000. Indiana Trust & Investment Management Co purchased a new stake in Cardinal Health in the 1st quarter valued at $29,000. Palladiem LLC purchased a new stake in Cardinal Health in the 4th quarter valued at $28,000. Finally, Elyxium Wealth LLC bought a new position in Cardinal Health during the 4th quarter valued at $34,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Weiss Ratings downgraded shares of Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, May 19th. William Blair began coverage on shares of Cardinal Health in a report on Tuesday, April 28th. They issued an “outperform” rating for the company. Robert W. Baird set a $248.00 price target on shares of Cardinal Health in a research report on Friday, May 1st. UBS Group boosted their price target on shares of Cardinal Health from $260.00 to $274.00 and gave the stock a “buy” rating in a report on Monday. Finally, Morgan Stanley upped their price objective on shares of Cardinal Health from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cardinal Health currently has an average rating of “Moderate Buy” and an average target price of $250.07.

Cardinal Health Trading Down 2.6%

CAH stock opened at $221.09 on Thursday. The stock has a market cap of $51.78 billion, a P/E ratio of 33.81, a P/E/G ratio of 1.11 and a beta of 0.49. The stock’s fifty day simple moving average is $218.69 and its two-hundred day simple moving average is $214.20. Cardinal Health, Inc. has a 1-year low of $137.75 and a 1-year high of $243.21.

Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, April 30th. The company reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.38. The firm had revenue of $60.94 billion during the quarter, compared to analyst estimates of $62.10 billion. Cardinal Health had a negative return on equity of 92.61% and a net margin of 0.62%.The business’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $2.35 EPS. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. As a group, analysts forecast that Cardinal Health, Inc. will post 10.77 earnings per share for the current fiscal year.

Cardinal Health Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a dividend of $0.5158 per share. This represents a $2.06 dividend on an annualized basis and a yield of 0.9%. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. The ex-dividend date was Wednesday, July 1st. Cardinal Health’s dividend payout ratio is 31.50%.

Cardinal Health Company 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.