Many institutional investors have changed their stakes in Cardinal Health (CAH). Paragon Capital Management increased its stake by 0.7%, now owning 14,758 shares worth about $1.45 million after buying 99 more shares. Clifford Capital Partners boosted their stake by 21.3%, owning 140,027 shares worth $13.77 million after acquiring 24,602 additional shares. Verity & Verity LLC bought a new stake valued at $239,000, while Vienna Insurance Group increased its ownership by 4.7%, resulting in 12,690 shares valued at $1.25 million after adding 570 shares. Heritage Wealth Management also entered a new position worth $283,000. Overall, institutional investors own 87.17% of CAH stock.
New Price Targets Set by Analysts
Recent analyst reviews on CAH have been mostly positive. StockNews.com upgraded CAH to a “strong-buy” on August 16. Robert W. Baird raised their price target from $130 to $137 and rated the stock “outperform.” UBS increased the target from $120 to $125 and gave a “buy” rating. Argus also raised its target from $115 to $125 and rated it a “buy.” Wells Fargo lifted the target from $95 to $101 but assigned an “underweight” rating. Currently, there’s one sell rating, four hold ratings, seven buy ratings, and one strong buy rating for CAH, with a consensus rating of “Moderate Buy” and an average target price of $119.36.
View Our Latest Stock Report on CAH
Insider Activity
Insider Jessica L. Mayer sold 17,896 shares on August 15 at an average price of $106.48, totaling $1.91 million. She now holds 94,529 shares valued at about $10.07 million. CFO Aaron E. Alt also sold 2,323 shares on August 19 for roughly $253,000. In total, insiders have sold 113,963 shares worth $12.38 million in the last 90 days.
Cardinal Health Stock Performance
On October 3, CAH opened at $110.21. Its 50-day average price is $107.96, and the 200-day average is $103.90. The stock’s 12-month range is $86.24 to $116.05. Cardinal Health has a market cap of $26.84 billion, a PE ratio of 48.98, and forecasts earnings of $7.62 per share for the year.
Dividend Announcement
Cardinal Health will pay a quarterly dividend of $0.506 per share on October 15, an increase from $0.51. The dividend yield is 1.84%, with a payout ratio of 89.78%.
Company Overview
Cardinal Health, Inc. is a healthcare services and products company operating in the U.S. and internationally, providing solutions for various healthcare setups.
Explore More Stories
- Five stocks we like better than Cardinal Health
- Trending Stocks Explained
- Three Stocks with the Best Upside potential
- High Dividend REITs Overview
- Buying Opportunity in Nikes Shares
- Three Stocks to Consider in October
- Microsoft’s Investment Opportunity
Want to see what other hedge funds are holding CAH? Visit HoldingsChannel.com for updates on Cardinal Health, Inc. (NYSE:CAH).
Subscribe for Cardinal Health Updates – Enter your email to receive daily news and ratings for Cardinal Health and related companies with MarketBeat.com’s FREE newsletter.
`
