Virtus Advisers LLC Increases Stake in Cardinal Health, Inc. $CAH

Virtus Advisers LLC boosted its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 69.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,006 shares of the company’s stock after buying an additional 824 shares during the period. Virtus Advisers LLC’s holdings in Cardinal Health were worth $337,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Atlantic Edge Private Wealth Management LLC increased its holdings in Cardinal Health by 75.0% during the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 175 shares of the company’s stock worth $29,000 after purchasing an additional 75 shares during the period. Greykasell Wealth Strategies Inc. acquired a new stake in Cardinal Health in the first quarter valued at $26,000. Vermillion & White Wealth Management Group LLC lifted its holdings in Cardinal Health by 55.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 200 shares of the company’s stock worth $34,000 after buying an additional 71 shares during the last quarter. NewSquare Capital LLC lifted its stake in Cardinal Health by 100.0% during the second quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock worth $36,000 after purchasing an additional 107 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new position in Cardinal Health in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CAH shares. Jefferies Financial Group set a $220.00 price target on shares of Cardinal Health and gave the stock a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Cardinal Health in a report on Wednesday, October 8th. Argus upped their price target on Cardinal Health from $189.00 to $211.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Cardinal Health from $195.00 to $208.00 and gave the company a “hold” rating in a research note on Tuesday, November 18th. Finally, UBS Group raised their target price on shares of Cardinal Health from $185.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.57.

Cardinal Health Price Performance

CAH opened at $212.26 on Monday. Cardinal Health, Inc. has a 1-year low of $114.60 and a 1-year high of $214.93. The stock has a market cap of $50.43 billion, a P/E ratio of 32.91, a P/E/G ratio of 1.39 and a beta of 0.72. The stock’s 50 day simple moving average is $177.57 and its 200 day simple moving average is $163.50.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Thursday, October 30th. The company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.33. Cardinal Health had a net margin of 0.70% and a negative return on equity of 74.45%. The company had revenue of $64.01 billion for the quarter, compared to the consensus estimate of $59.41 billion. During the same quarter in the prior year, the firm earned $1.88 earnings per share. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. Research analysts expect 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 will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.5107 per share. The ex-dividend date is 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%.

Cardinal Health Company 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.