Several institutional investors are adjusting their stakes in Cardinal Health (CAH). Notable changes in Q2 include:
- Paragon Capital increased their stake by 0.7%, now holding 14,758 shares worth $1.45M.
- Clifford Capital raised their stake by 21.3%, owning 140,027 shares valued at $13.77M.
- Verity & Verity acquired a new position worth $239,000.
- Vienna Insurance increased their stake by 4.7%, holding 12,690 shares worth $1.25M.
- Heritage Wealth Management bought shares worth $283,000.
Overall, 87.17% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Recent analyst ratings for CAH:
- StockNews.com raised CAH from “buy” to “strong-buy”.
- Robert W. Baird increased the price target from $130.00 to $137.00.
- UBS raised the target from $120.00 to $125.00.
- Argus upped the target from $115.00 to $125.00.
- Wells Fargo increased the target from $95.00 to $101.00.
Currently, CAH has a consensus rating of “Moderate Buy” with an average target price of $119.36.
Insider Activity at Cardinal Health
Insider Jessica L. Mayer sold 17,896 shares at $106.48 each, totaling $1.91M, and now owns 94,529 shares worth approximately $10.07M. CFO Aaron E. Alt also sold shares worth about $253,000. In total, insiders sold 113,963 shares worth $12.38M in the last 90 days.
Cardinal Health Trading Update
As of Thursday, CAH is trading at $110.21. The stock has a 12-month range of $86.24 to $116.05 and a market cap of $26.84 billion. Recently, it reported EPS of $1.84, beating estimates, and revenue of $59.87 billion.
Dividend Announcement
Cardinal Health will pay a quarterly dividend of $0.506 per share on October 15th, a slight increase from the previous $0.51. This results in an annual yield of 1.84%.
About Cardinal Health
Cardinal Health provides healthcare services and products globally, offering solutions for hospitals, pharmacies, and patients.
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