Jupiter Asset Management Ltd. Sells 294,962 Shares of Cardinal Health, Inc. $CAH

Jupiter Asset Management Ltd. trimmed its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 98.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,921 shares of the company’s stock after selling 294,962 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Cardinal Health were worth $806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aventura Private Wealth LLC bought a new position in shares of Cardinal Health during the 4th quarter valued at $25,000. Elyxium Wealth LLC bought a new position in shares of Cardinal Health during the 4th quarter valued at $34,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Cardinal Health by 38.7% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 190 shares of the company’s stock valued at $39,000 after buying an additional 53 shares during the period. JPL Wealth Management LLC bought a new position in shares of Cardinal Health during the 3rd quarter valued at $31,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in shares of Cardinal Health in the 3rd quarter worth $31,000. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Evercore reduced their price objective on Cardinal Health from $260.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. TD Cowen upped their price objective on Cardinal Health from $251.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Citigroup reduced their price objective on Cardinal Health from $249.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Wells Fargo & Company reduced their price objective on Cardinal Health from $256.00 to $245.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. reduced their price objective on Cardinal Health from $243.00 to $215.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $241.80.

Cardinal Health Stock Performance

Shares of CAH stock opened at $196.57 on Friday. Cardinal Health, Inc. has a 52-week low of $137.75 and a 52-week high of $233.60. The firm has a market capitalization of $46.04 billion, a PE ratio of 30.06, a PEG ratio of 1.17 and a beta of 0.53. The stock has a fifty day simple moving average of $203.52 and a two-hundred day simple moving average of $208.79.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, April 30th. The company reported $3.17 EPS for the quarter, beating the consensus estimate of $2.79 by $0.38. Cardinal Health had a net margin of 0.62% and a negative return on equity of 92.61%. The business had revenue of $60.94 billion during the quarter, compared to the consensus estimate of $62.10 billion. During the same quarter in the prior year, the firm earned $2.35 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. On average, sell-side analysts forecast that Cardinal Health, Inc. will post 10.76 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.5158 per share. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.06 annualized dividend and a dividend yield of 1.0%. Cardinal Health’s payout ratio is currently 31.19%.

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.