Independent Financial Group LLC Buys Shares of 4,973 Cardinal Health, Inc. $CAH

Independent Financial Group LLC bought a new position in Cardinal Health, Inc. (NYSE:CAH) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,973 shares of the company’s stock, valued at approximately $1,051,000.

Other hedge funds have also recently modified their holdings of the company. Aventura Private Wealth LLC purchased a new stake in shares of Cardinal Health during the fourth quarter valued at $25,000. University of Texas Texas AM Investment Management Co. bought a new position in Cardinal Health during the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Cardinal Health during the 4th quarter valued at about $27,000. Jones Financial Companies Lllp boosted its holdings in shares of Cardinal Health by 198.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock valued at $27,000 after acquiring an additional 14,034 shares during the last quarter. Finally, Palladiem LLC bought a new stake in shares of Cardinal Health in the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CAH. Weiss Ratings cut shares of Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, May 19th. Zacks Research downgraded shares of Cardinal Health from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. decreased their target price on shares of Cardinal Health from $243.00 to $215.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. William Blair assumed coverage on Cardinal Health in a report on Tuesday, April 28th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Company dropped their price target on Cardinal Health from $256.00 to $245.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $250.07.

Cardinal Health Stock Down 1.2%

Shares of NYSE:CAH opened at $225.76 on Tuesday. The firm’s 50 day moving average price is $217.11 and its 200-day moving average price is $213.94. Cardinal Health, Inc. has a twelve month low of $137.75 and a twelve month high of $243.21. The stock has a market capitalization of $52.88 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 1.12 and a beta of 0.49.

Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, April 30th. The company reported $3.17 earnings per share (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 company had revenue of $60.94 billion during the quarter, compared to analyst estimates of $62.10 billion. During the same period in the previous year, the business posted $2.35 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. Analysts expect that Cardinal Health, Inc. will post 10.77 earnings per share for the current fiscal year.

Cardinal Health Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.5158 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 1st. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.51. Cardinal Health’s payout ratio is presently 31.50%.

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.