Cardinal Health, Inc. $CAH Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Cardinal Health, Inc. (NYSE:CAH) by 81.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,000 shares of the company’s stock after acquiring an additional 52,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Cardinal Health were worth $24,512,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CAH. Vanguard Group Inc. raised its holdings in shares of Cardinal Health by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 31,441,258 shares of the company’s stock valued at $6,461,179,000 after purchasing an additional 617,775 shares in the last quarter. State Street Corp grew its stake in shares of Cardinal Health by 1.8% during the fourth quarter. State Street Corp now owns 12,509,230 shares of the company’s stock worth $2,570,647,000 after purchasing an additional 221,497 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Cardinal Health by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 6,529,013 shares of the company’s stock worth $1,336,750,000 after purchasing an additional 43,924 shares in the last quarter. Wellington Management Group LLP increased its holdings in Cardinal Health by 153.2% in the third quarter. Wellington Management Group LLP now owns 5,804,090 shares of the company’s stock valued at $911,010,000 after buying an additional 3,511,579 shares during the last quarter. Finally, Norges Bank purchased a new position in Cardinal Health in the fourth quarter valued at $790,344,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CAH. Bank of America lifted their price target on Cardinal Health from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen increased their price objective on Cardinal Health from $251.00 to $255.00 and gave the company a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company cut their target price on Cardinal Health from $256.00 to $245.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Robert W. Baird set a $248.00 target price on Cardinal Health in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. lowered their price target on Cardinal Health from $243.00 to $215.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $247.80.

Cardinal Health Stock Performance

Cardinal Health stock opened at $238.79 on Friday. Cardinal Health, Inc. has a fifty-two week low of $137.75 and a fifty-two week high of $240.93. The company has a market capitalization of $55.93 billion, a P/E ratio of 36.51, a PEG ratio of 1.17 and a beta of 0.49. The stock has a 50-day simple moving average of $208.99 and a 200-day simple moving average of $211.70.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Thursday, April 30th. The company reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.79 by $0.38. The firm had revenue of $60.94 billion for the quarter, compared to the consensus estimate of $62.10 billion. Cardinal Health had a negative return on equity of 92.61% and a net margin of 0.62%.The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.35 EPS. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. As a group, analysts forecast that Cardinal Health, Inc. will post 10.76 earnings per share for the current year.

Cardinal Health Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a $0.5158 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This is an increase from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 0.9%. Cardinal Health’s dividend payout ratio is currently 31.50%.

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.