Global Retirement Partners LLC Has $1.27 Million Position in Cardinal Health, Inc. $CAH

Global Retirement Partners LLC increased its position in Cardinal Health, Inc. (NYSE:CAH) by 73.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,169 shares of the company’s stock after acquiring an additional 2,609 shares during the quarter. Global Retirement Partners LLC’s holdings in Cardinal Health were worth $1,268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Aventura Private Wealth LLC acquired a new stake in Cardinal Health during the 4th quarter valued at approximately $25,000. Elyxium Wealth LLC acquired a new stake in Cardinal Health during the 4th quarter valued at approximately $34,000. Barnes Dennig Private Wealth Management LLC increased its position in Cardinal Health by 38.7% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 190 shares of the company’s stock valued at $39,000 after purchasing an additional 53 shares during the period. JPL Wealth Management LLC acquired a new stake in Cardinal Health during the 3rd quarter valued at approximately $31,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in Cardinal Health during the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

CAH has been the subject of a number of recent analyst reports. Citigroup decreased their target price on shares of Cardinal Health from $249.00 to $245.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Wall Street Zen raised shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. JPMorgan Chase & Co. decreased their target price on shares of Cardinal Health from $243.00 to $215.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. William Blair initiated coverage on shares of Cardinal Health in a research report on Tuesday, April 28th. They set an “outperform” rating for the company. Finally, Mizuho increased their target price on shares of Cardinal Health from $222.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. One 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 stock. Based on data from MarketBeat.com, Cardinal Health presently has a consensus rating of “Moderate Buy” and an average price target of $241.80.

Cardinal Health Stock Performance

Cardinal Health stock opened at $200.42 on Monday. The stock has a market capitalization of $46.94 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 1.19 and a beta of 0.53. Cardinal Health, Inc. has a 52-week low of $137.75 and a 52-week high of $233.60. The stock’s 50 day moving average price is $205.21 and its two-hundred day moving average price is $208.82.

Cardinal Health (NYSE:CAH) last posted 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 analysts’ expectations of $62.10 billion. Cardinal Health had a negative return on equity of 92.61% and a net margin of 0.62%.The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.35 EPS. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. On average, equities research analysts forecast that Cardinal Health, Inc. will post 10.76 EPS for the current year.

Cardinal Health Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.5158 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, July 1st. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.51. Cardinal Health’s dividend payout ratio (DPR) is currently 31.19%.

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.