Envestnet Portfolio Solutions Inc. Purchases 6,890 Shares of Cardinal Health, Inc. $CAH

Envestnet Portfolio Solutions Inc. increased its position in Cardinal Health, Inc. (NYSE:CAH) by 133.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,063 shares of the company’s stock after acquiring an additional 6,890 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Cardinal Health were worth $2,479,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Aventura Private Wealth LLC bought a new position in Cardinal Health in the 4th quarter worth $25,000. Jones Financial Companies Lllp raised its holdings in Cardinal Health by 198.3% in the 1st quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock worth $27,000 after acquiring an additional 14,034 shares during the period. JPL Wealth Management LLC acquired a new stake in Cardinal Health in the 3rd quarter worth $31,000. Turning Point Benefit Group Inc. acquired a new stake in Cardinal Health in the 3rd quarter worth $31,000. Finally, Cape Investment Advisory Inc. grew its position in Cardinal Health by 61.1% in the 3rd quarter. Cape Investment Advisory Inc. now owns 211 shares of the company’s stock worth $33,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CAH shares. UBS Group set a $260.00 price target on shares of Cardinal Health and gave the stock a “buy” rating in a research report on Friday, February 6th. Wells Fargo & Company decreased their price target on shares of Cardinal Health from $256.00 to $245.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Citigroup decreased their price target on shares of Cardinal Health from $249.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Mizuho raised their price target on shares of Cardinal Health from $222.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, TD Cowen raised their price target on shares of Cardinal Health from $251.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.80.

Cardinal Health Stock Performance

Shares of Cardinal Health stock opened at $200.42 on Friday. The firm’s 50-day simple moving average is $205.21 and its 200-day simple moving average is $208.69. Cardinal Health, Inc. has a twelve month low of $137.75 and a twelve month high of $233.60. The firm has a market cap of $46.94 billion, a P/E ratio of 30.64, a price-to-earnings-growth ratio of 1.19 and a beta of 0.53.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, April 30th. The company reported $3.17 earnings per share 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 for the quarter, compared to analyst estimates of $62.10 billion. During the same period in the previous year, the business earned $2.35 EPS. The firm’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, equities analysts forecast that Cardinal Health, Inc. will post 10.76 earnings per share for the current fiscal year.

Cardinal Health Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.5158 per share. This is an increase from Cardinal Health’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, July 1st. This represents a $2.06 annualized dividend and a dividend yield of 1.0%. Cardinal Health’s dividend payout ratio (DPR) is presently 31.19%.

Cardinal Health 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.