Cardinal Health, Inc. $CAH Shares Purchased by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co lifted its holdings in Cardinal Health, Inc. (NYSE:CAH) by 19.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,600 shares of the company’s stock after purchasing an additional 10,400 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Cardinal Health were worth $9,826,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Haven Private LLC lifted its position in shares of Cardinal Health by 4.1% during the 3rd quarter. Haven Private LLC now owns 5,578 shares of the company’s stock valued at $876,000 after buying an additional 220 shares in the last quarter. Leuthold Group LLC raised its position in shares of Cardinal Health by 3.5% during the 3rd quarter. Leuthold Group LLC now owns 63,182 shares of the company’s stock worth $9,917,000 after purchasing an additional 2,146 shares during the last quarter. Westover Capital Advisors LLC boosted its holdings in Cardinal Health by 11.3% in the 3rd quarter. Westover Capital Advisors LLC now owns 4,743 shares of the company’s stock worth $744,000 after buying an additional 481 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Cardinal Health during the third quarter valued at approximately $2,247,000. Finally, Krilogy Financial LLC acquired a new stake in shares of Cardinal Health in the third quarter worth approximately $453,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Robert W. Baird set a $252.00 price objective on Cardinal Health in a report on Friday, February 6th. Argus raised their target price on shares of Cardinal Health from $232.00 to $248.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen upped their price target on Cardinal Health from $233.00 to $251.00 and gave the company a “buy” rating in a research report on Wednesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Cardinal Health in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company upped their target price on Cardinal Health from $237.00 to $256.00 and gave the company an “overweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.19.

Cardinal Health Stock Performance

CAH opened at $220.72 on Friday. The stock has a market capitalization of $51.94 billion, a PE ratio of 31.76, a P/E/G ratio of 1.39 and a beta of 0.64. Cardinal Health, Inc. has a one year low of $120.72 and a one year high of $230.81. The business’s 50 day moving average price is $208.84 and its 200 day moving average price is $182.20.

Cardinal Health (NYSE:CAH) last posted its earnings results on Thursday, February 5th. The company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.32. The company had revenue of $65.63 billion for the quarter, compared to the consensus estimate of $64.88 billion. Cardinal Health had a negative return on equity of 92.50% and a net margin of 0.68%.The company’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.93 earnings per share. As a group, equities research analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.5107 per share. The ex-dividend date is Wednesday, April 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.9%. Cardinal Health’s dividend payout ratio (DPR) is currently 29.35%.

Key Stories Impacting Cardinal Health

Here are the key news stories impacting Cardinal Health this week:

• Positive Sentiment: Recent quarterly results and underlying strength — Cardinal reported a Q4 EPS beat and revenue above expectations, with revenue up ~19% year-over-year, which analysts cite as supporting the stock’s upside. Cardinal Health’s (NYSE:CAH) Solid Earnings Are Supported By Other Strong Factors
• Positive Sentiment: Dividend confirmed — the Board approved a quarterly dividend of $0.5107 per share (payable Apr 15; record Apr 1). The cash return reinforces income appeal and signals confidence in cash flow. Cardinal Health Board of Directors Approves Quarterly Dividend
• Positive Sentiment: Analyst lift — JPMorgan raised its price target to $243, providing a tangible upside anchor for investors and helping sentiment. JPMorgan Chase Increases Cardinal Health Price Target
• Positive Sentiment: Zacks momentum & valuation coverage — CAH was added to Zacks’ Rank #1 momentum list and several Zacks pieces highlight undervaluation and a favorable long-term value case, which can attract momentum and value investors. Best Momentum Stock to Buy for February 13th Are Investors Undervaluing Cardinal Health?
• Neutral Sentiment: Kalkine notes logistics/reliability improvements on the NYSE composite — operational reliability updates are constructive but are incremental near-term drivers. Cardinal Health Boosts Logistics Reliability
• Neutral Sentiment: Analyst Q&A from the earnings call — the transcript highlights management’s priorities and risk items; useful for longer-term fundamental assessment but not an immediate catalyst. The 5 Most Interesting Analyst Questions From Cardinal Health’s Q4 Earnings Call

Cardinal Health Company Profile

Cardinal Health is a multinational healthcare services and products company headquartered in Dublin, Ohio. Tracing its roots to the early 1970s, the company has grown into a major provider of supply chain and distribution services for the healthcare sector. Cardinal Health operates across a range of service lines that support hospitals, health systems, pharmacies, physician offices and clinical laboratories.

The company’s core activities include the wholesale distribution of branded and generic pharmaceuticals, the supply and distribution of medical-surgical products, and the provision of logistics and inventory management solutions.