Police & Firemen s Retirement System of New Jersey Boosts Stock Holdings in Cardinal Health, Inc. $CAH

Police & Firemen s Retirement System of New Jersey grew its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,737 shares of the company’s stock after buying an additional 1,431 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Cardinal Health were worth $6,172,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC increased its stake in Cardinal Health by 75.0% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 175 shares of the company’s stock worth $29,000 after acquiring an additional 75 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in Cardinal Health in the first quarter valued at approximately $26,000. NewSquare Capital LLC grew its stake in Cardinal Health by 100.0% during the second quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock worth $36,000 after buying an additional 107 shares during the period. GW&K Investment Management LLC increased its position in shares of Cardinal Health by 113.4% in the first quarter. GW&K Investment Management LLC now owns 271 shares of the company’s stock worth $37,000 after acquiring an additional 144 shares in the last quarter. Finally, Harbor Asset Planning Inc. acquired a new position in shares of Cardinal Health during the 2nd quarter valued at $49,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cardinal Health

In other Cardinal Health news, insider Michelle D. Greene sold 13,500 shares of Cardinal Health stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 14,976 shares in the company, valued at $2,228,728.32. The trade was a 47.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ola M. Snow sold 28,151 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $148.94, for a total value of $4,192,809.94. Following the transaction, the insider directly owned 15,431 shares of the company’s stock, valued at $2,298,293.14. This trade represents a 64.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 271,676 shares of company stock valued at $40,489,525 over the last ninety days. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CAH. Citigroup boosted their price objective on Cardinal Health from $165.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Jefferies Financial Group set a $220.00 target price on Cardinal Health and gave the stock a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Cardinal Health in a report on Wednesday, October 8th. Wells Fargo & Company lifted their price objective on Cardinal Health from $185.00 to $221.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Finally, Argus raised their price target on shares of Cardinal Health from $189.00 to $211.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $205.00.

Cardinal Health Trading Down 0.3%

Shares of CAH opened at $205.35 on Friday. Cardinal Health, Inc. has a 52 week low of $114.60 and a 52 week high of $208.32. The firm has a market cap of $48.79 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 1.39 and a beta of 0.72. The stock has a 50 day moving average of $165.58 and a 200-day moving average of $158.95.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Thursday, October 30th. The company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.33. Cardinal Health had a negative return on equity of 74.45% and a net margin of 0.70%.The firm had revenue of $64.01 billion for the quarter, compared to analysts’ expectations of $59.41 billion. During the same period last year, the business posted $1.88 earnings per share. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. On average, sell-side analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be paid a dividend of $0.5107 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.04 annualized dividend and a yield of 1.0%. Cardinal Health’s dividend payout ratio is 30.77%.

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.