one8zero8 LLC Purchases Shares of 2,650 Cardinal Health, Inc. $CAH

one8zero8 LLC purchased a new stake in shares of Cardinal Health, Inc. (NYSE:CAH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,650 shares of the company’s stock, valued at approximately $630,000.

A number of other hedge funds also recently modified their holdings of CAH. Investors Research Corp bought a new position in Cardinal Health during the 2nd quarter worth $29,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Cardinal Health in the 4th quarter valued at about $26,000. Allied Private Wealth LLC bought a new stake in shares of Cardinal Health in the 2nd quarter valued at about $30,000. Bank of Jackson Hole Trust acquired a new stake in shares of Cardinal Health in the fourth quarter valued at about $27,000. Finally, Indiana Trust & Investment Management Co bought a new position in shares of Cardinal Health during the first quarter worth about $29,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CAH. Wells Fargo & Company lifted their price objective on Cardinal Health from $245.00 to $277.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Royal Bank Of Canada assumed coverage on shares of Cardinal Health in a research report on Wednesday. They set an “outperform” rating and a $276.00 target price for the company. Evercore restated an “outperform” rating and set a $270.00 price target on shares of Cardinal Health in a report on Wednesday, August 12th. TD Cowen upped their price objective on shares of Cardinal Health from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Leerink Partners set a $292.00 price objective on shares of Cardinal Health in a research report on Tuesday, August 11th. Sixteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.56.

Cardinal Health Trading Down 0.1%

NYSE:CAH opened at $234.73 on Thursday. Cardinal Health, Inc. has a 12 month low of $145.87 and a 12 month high of $258.30. The stock has a market capitalization of $54.59 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 1.26 and a beta of 0.49. The firm has a fifty day simple moving average of $231.76 and a two-hundred day simple moving average of $217.68.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.49. The firm had revenue of $63.67 billion for the quarter, compared to analyst estimates of $65.15 billion. Cardinal Health had a net margin of 0.67% and a negative return on equity of 98.53%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.08 earnings per share. Cardinal Health has set its FY 2027 guidance at 12.400-12.600 EPS. Equities analysts predict that Cardinal Health, Inc. will post 12.54 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a $0.5158 dividend. The ex-dividend date is Thursday, October 1st. This represents a $2.06 annualized dividend and a yield of 0.9%. Cardinal Health’s dividend payout ratio is presently 28.49%.

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.