OMERS ADMINISTRATION Corp Lowers Position in Cardinal Health, Inc. $CAH

OMERS ADMINISTRATION Corp cut its holdings in Cardinal Health, Inc. (NYSE:CAH) by 14.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,845 shares of the company’s stock after selling 1,465 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Cardinal Health were worth $1,219,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Cardinal Health during the first quarter valued at about $26,000. Tompkins Financial Corp lifted its position in shares of Cardinal Health by 106.7% during the first quarter. Tompkins Financial Corp now owns 248 shares of the company’s stock valued at $34,000 after buying an additional 128 shares during the last quarter. GW&K Investment Management LLC lifted its position in shares of Cardinal Health by 113.4% during the first quarter. GW&K Investment Management LLC now owns 271 shares of the company’s stock valued at $37,000 after buying an additional 144 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Cardinal Health during the first quarter valued at about $48,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Cardinal Health during the first quarter valued at about $52,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Jason M. Hollar sold 107,705 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $148.90, for a total value of $16,037,274.50. Following the transaction, the chief executive officer owned 235,901 shares in the company, valued at approximately $35,125,658.90. This represents a 31.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jessica L. Mayer sold 38,078 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $148.82, for a total transaction of $5,666,767.96. Following the completion of the transaction, the insider owned 48,457 shares in the company, valued at approximately $7,211,370.74. This trade represents a 44.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 271,676 shares of company stock worth $40,489,525 in the last quarter. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on CAH. Wall Street Zen lowered shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Bank of America increased their price target on shares of Cardinal Health from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Leerink Partners cut their price objective on shares of Cardinal Health from $188.00 to $186.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Citigroup restated a “neutral” rating and set a $170.00 price objective (up previously from $157.00) on shares of Cardinal Health in a report on Friday, June 13th. Finally, Jefferies Financial Group set a $150.00 price objective on shares of Cardinal Health in a report on Tuesday, August 12th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cardinal Health has a consensus rating of “Moderate Buy” and a consensus price target of $165.93.

Cardinal Health Trading Down 0.6%

Shares of NYSE:CAH opened at $148.60 on Monday. Cardinal Health, Inc. has a twelve month low of $106.54 and a twelve month high of $168.44. The company’s 50 day moving average is $157.41 and its 200 day moving average is $146.30. The company has a market cap of $35.48 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.26 and a beta of 0.73.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.05. Cardinal Health had a net margin of 0.70% and a negative return on equity of 74.45%. The company had revenue of $60.16 billion for the quarter, compared to the consensus estimate of $60.91 billion. During the same quarter in the prior year, the company earned $1.84 EPS. Cardinal Health’s quarterly revenue was up .5% on a year-over-year basis. Cardinal Health has set its FY 2026 guidance at 9.300-9.500 EPS. Equities research analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a $0.5107 dividend. This represents a $2.04 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, October 1st. Cardinal Health’s dividend payout ratio is 31.63%.

Cardinal Health Profile

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.