Cobblestone Capital Advisors LLC NY Purchases Shares of 1,201 Cardinal Health, Inc. $CAH

Cobblestone Capital Advisors LLC NY purchased a new stake in shares of Cardinal Health, Inc. (NYSE:CAH) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,201 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Cardinal Health by 1,666.7% in the 1st quarter. Wellington Management Group LLP now owns 2,384,192 shares of the company’s stock valued at $328,470,000 after acquiring an additional 2,249,241 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Cardinal Health by 40.0% in the first quarter. JPMorgan Chase & Co. now owns 4,175,992 shares of the company’s stock valued at $575,327,000 after purchasing an additional 1,193,983 shares during the period. Zurich Insurance Group Ltd FI increased its holdings in shares of Cardinal Health by 4,935.9% in the first quarter. Zurich Insurance Group Ltd FI now owns 946,750 shares of the company’s stock valued at $130,434,000 after purchasing an additional 927,950 shares during the period. Nuveen LLC acquired a new position in shares of Cardinal Health in the first quarter valued at about $106,065,000. Finally, T. Rowe Price Investment Management Inc. acquired a new position in shares of Cardinal Health in the first quarter valued at about $104,951,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Buying and Selling at Cardinal Health

In other Cardinal Health news, insider Ola M. Snow sold 28,151 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $148.94, for a total transaction of $4,192,809.94. Following the transaction, the insider owned 15,431 shares of the company’s stock, valued at approximately $2,298,293.14. The trade was a 64.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jessica L. Mayer sold 38,078 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $148.82, for a total value of $5,666,767.96. Following the completion of the transaction, the insider owned 48,457 shares in the company, valued at $7,211,370.74. This represents a 44.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 271,676 shares of company stock worth $40,489,525. 0.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

CAH has been the topic of several research reports. Wall Street Zen downgraded shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Robert W. Baird increased their price objective on shares of Cardinal Health from $197.00 to $203.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th. Evercore ISI cut their price objective on shares of Cardinal Health from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 13th. Jefferies Financial Group set a $150.00 price target on Cardinal Health in a research report on Tuesday, August 12th. Finally, Leerink Partners increased their price target on Cardinal Health from $186.00 to $187.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cardinal Health presently has an average rating of “Moderate Buy” and a consensus target price of $166.00.

Cardinal Health Stock Up 1.2%

NYSE:CAH opened at $163.76 on Tuesday. Cardinal Health, Inc. has a 52 week low of $106.98 and a 52 week high of $168.44. The stock’s 50-day moving average price is $153.04 and its 200-day moving average price is $153.26. The stock has a market capitalization of $38.91 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 1.37 and a beta of 0.71.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.03 by $0.05. Cardinal Health had a negative return on equity of 74.45% and a net margin of 0.70%.The company had revenue of $60.16 billion for the quarter, compared to analyst estimates of $60.91 billion. During the same period last year, the company earned $1.84 earnings per share. Cardinal Health’s quarterly revenue was up .5% compared to the same quarter last year. Cardinal Health has set its FY 2026 guidance at 9.300-9.500 EPS. Sell-side analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.5107 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, October 1st. Cardinal Health’s payout ratio is currently 31.63%.

Cardinal Health Profile

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.