Cardinal Health, Inc. $CAH Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. raised its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 53.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 143,712 shares of the company’s stock after buying an additional 50,151 shares during the quarter. QRG Capital Management Inc. owned about 0.06% of Cardinal Health worth $24,144,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CAH. Greykasell Wealth Strategies Inc. acquired a new stake in Cardinal Health during the 1st quarter valued at $26,000. Jones Financial Companies Lllp grew its holdings in Cardinal Health by 198.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock valued at $27,000 after buying an additional 14,034 shares during the last quarter. GW&K Investment Management LLC grew its holdings in Cardinal Health by 113.4% during the 1st quarter. GW&K Investment Management LLC now owns 271 shares of the company’s stock valued at $37,000 after buying an additional 144 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Cardinal Health during the first quarter worth $48,000. Finally, Garde Capital Inc. acquired a new stake in shares of Cardinal Health during the first quarter worth $52,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Robert W. Baird raised their price objective on Cardinal Health from $197.00 to $203.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Wall Street Zen cut Cardinal Health from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Morgan Stanley restated an “overweight” rating on shares of Cardinal Health in a report on Tuesday, August 12th. Leerink Partners decreased their price objective on Cardinal Health from $188.00 to $186.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Finally, Citigroup restated a “neutral” rating and set a $170.00 price objective (up previously from $157.00) on shares of Cardinal Health in a report on Friday, June 13th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $165.93.

Insider Activity at Cardinal Health

In other Cardinal Health news, insider Jessica L. Mayer sold 38,078 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $148.82, for a total transaction of $5,666,767.96. Following the transaction, the insider owned 48,457 shares in the company, valued at $7,211,370.74. The trade was a 44.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michelle D. Greene sold 13,500 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $148.82, for a total value of $2,009,070.00. Following the transaction, the insider owned 14,976 shares in the company, valued at approximately $2,228,728.32. This represents a 47.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 271,676 shares of company stock valued at $40,489,525 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Cardinal Health Trading Down 2.5%

Shares of CAH opened at $154.50 on Friday. The firm has a market capitalization of $36.71 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 1.34 and a beta of 0.71. The stock’s fifty day simple moving average is $152.07 and its 200 day simple moving average is $150.25. Cardinal Health, Inc. has a twelve month low of $106.98 and a twelve month high of $168.44.

Cardinal Health (NYSE:CAH) last issued its earnings results on Tuesday, August 12th. The company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.05. Cardinal Health had a negative return on equity of 74.45% and a net margin of 0.70%.The business had revenue of $60.16 billion for the quarter, compared to analyst estimates of $60.91 billion. During the same period last year, the company posted $1.84 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. Cardinal Health has set its FY 2026 guidance at 9.300-9.500 EPS. Sell-side analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.5107 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, October 1st. Cardinal Health’s payout ratio is currently 31.63%.

About Cardinal Health

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.