Park National Corp OH Reduces Holdings in Cardinal Health, Inc. $CAH

Park National Corp OH reduced its position in Cardinal Health, Inc. (NYSE:CAH) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,928 shares of the company’s stock after selling 4,153 shares during the quarter. Park National Corp OH’s holdings in Cardinal Health were worth $11,290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAH. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of Cardinal Health by 75.0% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 175 shares of the company’s stock worth $29,000 after buying an additional 75 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in Cardinal Health by 55.0% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 200 shares of the company’s stock worth $34,000 after acquiring an additional 71 shares during the last quarter. NewSquare Capital LLC boosted its position 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 acquiring an additional 107 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in Cardinal Health in the 2nd quarter valued at about $41,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Cardinal Health in the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Cardinal Health Trading Up 0.9%

Shares of CAH opened at $200.03 on Tuesday. The firm has a market cap of $47.53 billion, a P/E ratio of 30.17, a price-to-earnings-growth ratio of 1.44 and a beta of 0.63. Cardinal Health, Inc. has a 12-month low of $114.60 and a 12-month high of $214.93. The company’s 50-day moving average price is $187.66 and its 200 day moving average price is $167.12.

Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, October 30th. The company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.33. Cardinal Health had a net margin of 0.68% and a negative return on equity of 84.37%. The company had revenue of $64.01 billion during the quarter, compared to analyst estimates of $59.41 billion. During the same quarter last year, the firm posted $1.88 earnings per share. Cardinal Health’s revenue 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. Equities research analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be given a $0.5107 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 1.0%. Cardinal Health’s payout ratio is presently 30.77%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CAH. Weiss Ratings restated a “buy (b)” rating on shares of Cardinal Health in a report on Wednesday, October 8th. Robert W. Baird set a $232.00 target price on Cardinal Health in a report on Friday, October 31st. Argus boosted their price target on shares of Cardinal Health from $189.00 to $211.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Mizuho raised their price objective on shares of Cardinal Health from $170.00 to $210.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Finally, UBS Group boosted their target price on shares of Cardinal Health from $185.00 to $220.00 and gave the company a “buy” rating in a report on Friday, October 31st. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $209.00.

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.