one8zero8 LLC Purchases Shares of 2,650 Cardinal Health, Inc. $CAH

one8zero8 LLC acquired a new position in shares of Cardinal Health, Inc. (NYSE:CAH) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,650 shares of the company’s stock, valued at approximately $630,000.

A number of other large investors have also recently made changes to their positions in CAH. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Cardinal Health during the fourth quarter valued at about $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Cardinal Health in the 4th quarter worth about $27,000. Jones Financial Companies Lllp raised its holdings in shares of Cardinal Health by 198.3% in the 1st quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock worth $27,000 after acquiring an additional 14,034 shares during the last quarter. Palladiem LLC bought a new position in Cardinal Health in the 4th quarter valued at about $28,000. Finally, Indiana Trust & Investment Management Co bought a new position in Cardinal Health in the 1st quarter valued at about $29,000. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Weiss Ratings raised Cardinal Health from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, August 5th. UBS Group raised their target price on Cardinal Health from $274.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Wells Fargo & Company lifted their target price on Cardinal Health from $245.00 to $277.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Evercore reiterated an “outperform” rating and set a $270.00 price target on shares of Cardinal Health in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. increased their price target on Cardinal Health from $215.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Cardinal Health currently has an average rating of “Moderate Buy” and an average price target of $266.56.

Cardinal Health Stock Down 0.1%

Cardinal Health stock opened at $234.73 on Thursday. Cardinal Health, Inc. has a 52 week low of $145.87 and a 52 week high of $258.30. The company’s 50 day moving average price is $231.76 and its two-hundred day moving average price is $217.68. The stock has a market cap of $54.59 billion, a P/E ratio of 32.47, a P/E/G ratio of 1.26 and a beta of 0.49.

Cardinal Health (NYSE:CAH) last released its earnings results on Tuesday, August 11th. The company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.49. The company had revenue of $63.67 billion during the quarter, compared to analyst estimates of $65.15 billion. Cardinal Health had a negative return on equity of 98.53% and a net margin of 0.67%.Cardinal Health’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.08 earnings per share. Cardinal Health has set its FY 2027 guidance at 12.400-12.600 EPS. On average, equities analysts anticipate that Cardinal Health, Inc. will post 12.54 EPS for the current year.

Cardinal Health Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid a $0.5158 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Thursday, October 1st. Cardinal Health’s dividend payout ratio is 28.49%.

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.