J. Safra Sarasin Holding AG Takes $2.14 Million Position in Cardinal Health, Inc. $CAH

J. Safra Sarasin Holding AG purchased a new position in shares of Cardinal Health, Inc. (NYSE:CAH) during the first quarter, Holdings Channel.com reports. The fund purchased 10,138 shares of the company’s stock, valued at approximately $2,140,000.

Other hedge funds have also made changes to their positions in the company. Aventura Private Wealth LLC acquired a new position in Cardinal Health during the 4th quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Cardinal Health in the fourth quarter worth $26,000. Bank of Jackson Hole Trust acquired a new stake in Cardinal Health in the fourth quarter worth $27,000. Indiana Trust & Investment Management Co bought a new stake in Cardinal Health in the first quarter valued at $29,000. Finally, Palladiem LLC bought a new stake in Cardinal Health in the fourth quarter valued at $28,000. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Price Performance

CAH opened at $233.81 on Tuesday. The business has a 50 day moving average price of $213.16 and a two-hundred day moving average price of $213.24. The company has a market capitalization of $54.76 billion, a price-to-earnings ratio of 35.75, a price-to-earnings-growth ratio of 1.16 and a beta of 0.49. Cardinal Health, Inc. has a 1-year low of $137.75 and a 1-year high of $243.21.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Thursday, April 30th. The company reported $3.17 earnings per share (EPS) 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 company had revenue of $60.94 billion for the quarter, compared to analysts’ expectations of $62.10 billion. During the same period last year, the firm earned $2.35 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. Equities analysts expect that Cardinal Health, Inc. will post 10.77 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a dividend of $0.5158 per share. 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 dividend on an annualized basis and a yield of 0.9%. Cardinal Health’s dividend payout ratio is presently 31.50%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CAH shares. Weiss Ratings lowered shares of Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, May 19th. TD Cowen lifted their price objective on shares of Cardinal Health from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America boosted their target price on shares of Cardinal Health from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Morgan Stanley upped their target price on shares of Cardinal Health from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Finally, William Blair initiated coverage on shares of Cardinal Health in a research note on Tuesday, April 28th. They issued an “outperform” rating on the stock. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $249.13.

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.