Ignite Planners LLC Invests $269,000 in Cardinal Health, Inc. $CAH

Ignite Planners LLC bought a new position in shares of Cardinal Health, Inc. (NYSE:CAH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,688 shares of the company’s stock, valued at approximately $269,000.

A number of other institutional investors have also modified their holdings of CAH. NBC Securities Inc. purchased a new position in shares of Cardinal Health during the first quarter worth approximately $48,000. Wedmont Private Capital increased its position in shares of Cardinal Health by 4.0% during the first quarter. Wedmont Private Capital now owns 3,982 shares of the company’s stock worth $525,000 after acquiring an additional 154 shares during the period. Farther Finance Advisors LLC increased its position in shares of Cardinal Health by 38.9% during the first quarter. Farther Finance Advisors LLC now owns 10,743 shares of the company’s stock worth $1,473,000 after acquiring an additional 3,011 shares during the period. GAMMA Investing LLC increased its position in shares of Cardinal Health by 28.4% during the first quarter. GAMMA Investing LLC now owns 7,004 shares of the company’s stock worth $965,000 after acquiring an additional 1,549 shares during the period. Finally, Sonora Investment Management Group LLC purchased a new position in shares of Cardinal Health during the first quarter worth approximately $216,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cardinal Health

In other news, CEO Jason M. Hollar sold 35,901 shares of Cardinal Health stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $150.04, for a total transaction of $5,386,586.04. Following the completion of the sale, the chief executive officer directly owned 200,000 shares in the company, valued at approximately $30,008,000. The trade was a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michelle D. Greene sold 13,500 shares of Cardinal Health stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $148.82, for a total transaction of $2,009,070.00. Following the sale, the insider owned 14,976 shares of the company’s stock, valued at $2,228,728.32. The trade was a 47.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 271,676 shares of company stock valued at $40,489,525. Company insiders own 0.12% of the company’s stock.

Cardinal Health Stock Up 0.7%

Shares of CAH opened at $157.77 on Thursday. The company has a market cap of $37.48 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 1.32 and a beta of 0.71. Cardinal Health, Inc. has a twelve month low of $106.98 and a twelve month high of $168.44. The company has a 50 day moving average of $152.03 and a two-hundred day moving average of $150.75.

Cardinal Health (NYSE:CAH) last announced its earnings results on Tuesday, August 12th. The company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.05. The company had revenue of $60.16 billion during the quarter, compared to the consensus estimate of $60.91 billion. Cardinal Health had a net margin of 0.70% and a negative return on equity of 74.45%. Cardinal Health’s revenue was up .5% compared to the same quarter last year. During the same period last year, the firm earned $1.84 earnings per share. Cardinal Health has set its FY 2026 guidance at 9.300-9.500 EPS. On average, sell-side analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

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

Wall Street Analysts Forecast Growth

CAH has been the topic of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Cardinal Health in a research report on Tuesday, August 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Cardinal Health in a report on Wednesday. Wall Street Zen lowered shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Argus set a $189.00 price objective on shares of Cardinal Health in a report on Friday, August 22nd. Finally, UBS Group reissued a “buy” rating on shares of Cardinal Health in a report on Tuesday, August 12th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $166.00.

Cardinal Health Profile

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.