Cardinal Health, Inc. $CAH Position Increased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 28.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,998 shares of the company’s stock after purchasing an additional 32,800 shares during the quarter. KLP Kapitalforvaltning AS owned approximately 0.06% of Cardinal Health worth $23,073,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Cardinal Health during the second quarter worth about $584,420,000. Acadian Asset Management LLC lifted its position in Cardinal Health by 92.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,679,176 shares of the company’s stock valued at $282,063,000 after purchasing an additional 807,063 shares during the last quarter. Prudential Financial Inc. boosted its stake in Cardinal Health by 476.8% during the 2nd quarter. Prudential Financial Inc. now owns 883,348 shares of the company’s stock valued at $148,402,000 after purchasing an additional 730,209 shares during the period. Voya Investment Management LLC grew its position in Cardinal Health by 298.3% in the 3rd quarter. Voya Investment Management LLC now owns 821,723 shares of the company’s stock worth $128,978,000 after purchasing an additional 615,398 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new stake in shares of Cardinal Health in the second quarter valued at approximately $79,963,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CAH. Argus lifted their price target on Cardinal Health from $189.00 to $211.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Wells Fargo & Company raised their target price on Cardinal Health from $185.00 to $221.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. TD Cowen lifted their target price on Cardinal Health from $183.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Barclays began coverage on Cardinal Health in a research report on Monday, December 8th. They set an “overweight” rating and a $243.00 price target for the company. Finally, Wall Street Zen raised Cardinal Health from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cardinal Health has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

Cardinal Health Stock Performance

Shares of NYSE CAH opened at $207.20 on Thursday. Cardinal Health, Inc. has a 1 year low of $119.25 and a 1 year high of $214.93. The firm has a market cap of $49.23 billion, a P/E ratio of 31.25, a PEG ratio of 1.52 and a beta of 0.65. The stock has a fifty day moving average price of $203.58 and a two-hundred day moving average price of $172.63.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Thursday, October 30th. The company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.33. Cardinal Health had a negative return on equity of 84.37% and a net margin of 0.68%.The business had revenue of $64.01 billion during the quarter, compared to analyst estimates of $59.41 billion. During the same quarter in the prior year, the firm posted $1.88 earnings per share. The company’s revenue was up 22.4% on a year-over-year basis. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. On average, research analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

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

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.