Multiple institutional investors have recently changed their investments in Cardinal Health (CAH). Paragon Capital Management raised its stake by 0.7%, now owning 14,758 shares valued at $1.45 million. Clifford Capital Partners increased its stake by 21.3%, owning 140,027 shares worth $13.77 million after acquiring an additional 24,602 shares. Verity & Verity added a position worth $239,000, while Vienna Insurance Group increased its stake by 4.7%. Heritage Wealth Management also entered a new position worth approximately $283,000. Overall, 87.17% of Cardinal Health’s stock is held by institutional investors.
Analysts Set New Price Targets
Analysts have adjusted their ratings for Cardinal Health. StockNews.com upgraded it to a “strong buy.” Robert W. Baird set the price target at $137, while UBS raised it to $125. Argus increased it from $115 to $125, and Wells Fargo adjusted it from $95 to $101. The stock has one sell, four hold ratings, seven buy ratings, and one strong buy rating. Currently, the consensus rating is “Moderate Buy” with an average target price of $119.36.
View Our Latest Stock Report on CAH
Insider Activity at Cardinal Health
Insider Jessica L. Mayer sold 17,896 shares on August 15 for $106.48 each, totaling $1.91 million, leaving her with 94,529 shares worth about $10.07 million. CFO Aaron E. Alt sold 2,323 shares for $108.91 each on August 19, totaling $253,000. Insiders have sold 113,963 shares worth $12.38 million in the last 90 days, with corporate insiders owning 0.15% of the company.
Cardinal Health Trading Down 0.1%
As of Thursday, Cardinal Health’s stock is priced at $110.21. The company has a market cap of $26.84 billion and a PE ratio of 48.98. Its 12-month range is $86.24 to $116.05. Last quarter, they reported $1.84 EPS, exceeding expectations of $1.74, with total revenue of $59.87 billion, up 12.1% year over year.
Cardinal Health Increases Dividend
A quarterly dividend of $0.506 per share will be paid on October 15, up from the previous $0.51. The dividend yield is 1.84%, with a payout ratio of 89.78%.
Cardinal Health Profile
Cardinal Health, Inc. offers healthcare services and products across multiple countries, providing tailored solutions for hospitals, pharmacies, and more.
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