Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 8,100 Shares of Cardinal Health, Inc. $CAH

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 11.3% during the fourth quarter, Holdings Channel reports. The fund owned 63,800 shares of the company’s stock after selling 8,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Cardinal Health were worth $13,111,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Aventura Private Wealth LLC bought a new position in shares of Cardinal Health during the 4th quarter valued at $25,000. Jones Financial Companies Lllp boosted its position in Cardinal Health by 198.3% during the first quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock valued at $27,000 after buying an additional 14,034 shares during the period. JPL Wealth Management LLC purchased a new position in shares of Cardinal Health in the third quarter worth about $31,000. Turning Point Benefit Group Inc. bought a new stake in shares of Cardinal Health in the 3rd quarter valued at about $31,000. Finally, Cape Investment Advisory Inc. boosted its holdings in Cardinal Health by 61.1% during the 3rd quarter. Cape Investment Advisory Inc. now owns 211 shares of the company’s stock valued at $33,000 after acquiring an additional 80 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Cardinal Health Price Performance

CAH stock opened at $205.79 on Friday. Cardinal Health, Inc. has a 1 year low of $137.75 and a 1 year high of $233.60. The firm has a 50-day moving average of $202.53 and a 200 day moving average of $208.57. The company has a market cap of $48.20 billion, a P/E ratio of 31.47, a PEG ratio of 1.12 and a beta of 0.52.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data 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 negative return on equity of 92.61% and a net margin of 0.62%.The business had revenue of $60.94 billion for the quarter, compared to analysts’ expectations of $62.10 billion. During the same period in the previous year, the firm posted $2.35 EPS. The business’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 research analysts expect that Cardinal Health, Inc. will post 10.76 earnings per share for the current fiscal year.

Cardinal Health Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, July 1st. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 1.0%. Cardinal Health’s payout ratio is currently 31.19%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CAH. Robert W. Baird set a $248.00 price objective on Cardinal Health in a research report on Friday, May 1st. JPMorgan Chase & Co. lowered their price target on shares of Cardinal Health from $243.00 to $215.00 and set a “neutral” rating for the company in a report on Monday, May 4th. William Blair initiated coverage on shares of Cardinal Health in a report on Tuesday, April 28th. They issued an “outperform” rating on the stock. Leerink Partners restated an “outperform” rating and issued a $275.00 price objective on shares of Cardinal Health in a research report on Monday, March 9th. Finally, TD Cowen increased their target price on shares of Cardinal Health from $251.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.