Rakuten Investment Management Inc. Makes New $6.98 Million Investment in Cardinal Health, Inc. $CAH

Rakuten Investment Management Inc. purchased a new stake in shares of Cardinal Health, Inc. (NYSE:CAH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 44,437 shares of the company’s stock, valued at approximately $6,975,000.

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

Analyst Ratings Changes

CAH has been the topic of a number of research analyst reports. Mizuho set a $222.00 price target on Cardinal Health in a report on Monday, January 12th. UBS Group boosted their target price on shares of Cardinal Health from $185.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Barclays initiated coverage on shares of Cardinal Health in a research note on Monday, December 8th. They set an “overweight” rating and a $243.00 target price for the company. Citigroup upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $190.00 to $244.00 in a research note on Friday, January 9th. Finally, Robert W. Baird set a $250.00 price objective on Cardinal Health in a research report on Wednesday, January 14th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Cardinal Health presently has a consensus rating of “Moderate Buy” and an average price target of $219.67.

Cardinal Health Stock Down 0.9%

CAH stock opened at $206.67 on Friday. Cardinal Health, Inc. has a 52 week low of $120.72 and a 52 week high of $215.48. The firm has a market capitalization of $49.10 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 1.41 and a beta of 0.65. The company has a fifty day simple moving average of $205.72 and a two-hundred day simple moving average of $175.90.

Cardinal Health (NYSE:CAH) last posted its earnings results on Thursday, October 30th. The company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $64.01 billion for the quarter, compared to the consensus estimate of $59.41 billion. During the same period in the previous year, the firm posted $1.88 EPS. The business’s quarterly 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. As a group, analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were issued a $0.5107 dividend. The ex-dividend date was 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 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.