Fideuram Asset Management Ireland dac Buys New Stake in Cardinal Health, Inc. $CAH

Fideuram Asset Management Ireland dac purchased a new position in shares of Cardinal Health, Inc. (NYSE:CAH) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 8,716 shares of the company’s stock, valued at approximately $1,768,000.

Other large investors have also recently bought and sold shares of the company. Aventura Private Wealth LLC acquired a new stake in Cardinal Health during the 4th quarter worth $25,000. Elyxium Wealth LLC acquired a new stake in Cardinal Health during the 4th quarter worth $34,000. Barnes Dennig Private Wealth Management LLC boosted its stake in Cardinal Health by 38.7% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 190 shares of the company’s stock worth $39,000 after purchasing an additional 53 shares during the period. JPL Wealth Management LLC acquired a new stake in Cardinal Health during the 3rd quarter worth $31,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in Cardinal Health during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cardinal Health Stock Performance

CAH stock opened at $196.57 on Friday. Cardinal Health, Inc. has a one year low of $137.75 and a one year high of $233.60. The stock has a market capitalization of $46.04 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 1.19 and a beta of 0.53. The company has a fifty day moving average of $203.52 and a 200-day moving average of $208.79.

Cardinal Health (NYSE:CAH) last announced 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 firm had revenue of $60.94 billion during the quarter, compared to analysts’ expectations of $62.10 billion. During the same quarter last year, the business earned $2.35 earnings per share. The business’s revenue for the quarter 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. Equities analysts forecast that Cardinal Health, Inc. will post 10.76 earnings per share 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. Investors of record on Wednesday, July 1st will be paid a $0.5158 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.0%. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, July 1st. Cardinal Health’s dividend payout ratio (DPR) is 31.19%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CAH shares. TD Cowen increased their price target on shares of Cardinal Health from $251.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Morgan Stanley increased their price target on shares of Cardinal Health from $245.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Weiss Ratings cut shares of Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, May 19th. Mizuho raised their target price on shares of Cardinal Health from $222.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Finally, Barclays raised their target price on shares of Cardinal Health from $243.00 to $258.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Cardinal Health currently has a consensus rating of “Moderate Buy” and an average price target of $241.80.

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.