Victory Capital Management Inc. Grows Position in Cardinal Health, Inc. $CAH

Victory Capital Management Inc. raised its position in Cardinal Health, Inc. (NYSE:CAH) by 18.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,698,189 shares of the company’s stock after buying an additional 414,074 shares during the quarter. Victory Capital Management Inc.’s holdings in Cardinal Health were worth $554,478,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Ieq Capital LLC purchased a new position in shares of Cardinal Health in the 4th quarter worth about $2,767,000. Vontobel Holding Ltd. raised its holdings in shares of Cardinal Health by 941.9% in the 4th quarter. Vontobel Holding Ltd. now owns 66,370 shares of the company’s stock worth $13,639,000 after purchasing an additional 60,000 shares during the period. First National Bank of Omaha purchased a new position in shares of Cardinal Health in the 4th quarter worth about $1,286,000. Storgate LLC purchased a new position in shares of Cardinal Health in the 4th quarter worth about $462,000. Finally, Korea Investment CORP raised its holdings in shares of Cardinal Health by 24.8% in the 4th quarter. Korea Investment CORP now owns 215,857 shares of the company’s stock worth $44,359,000 after purchasing an additional 42,840 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citigroup lowered their target price on Cardinal Health from $249.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Leerink Partners reiterated an “outperform” rating and issued a $275.00 target price on shares of Cardinal Health in a research note on Monday, March 9th. Wall Street Zen upgraded shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 7th. Wells Fargo & Company decreased their price objective on shares of Cardinal Health from $256.00 to $245.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Finally, Barclays raised their price objective on Cardinal Health from $243.00 to $258.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $246.93.

Cardinal Health Stock Performance

Shares of Cardinal Health stock opened at $223.76 on Friday. The firm has a market cap of $52.41 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 1.21 and a beta of 0.52. The firm’s 50-day simple moving average is $203.21 and its 200-day simple moving average is $208.85. Cardinal Health, Inc. has a 1 year low of $137.75 and a 1 year high of $233.60.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, April 30th. The company reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.79 by $0.38. The business had revenue of $60.94 billion for the quarter, compared to analyst estimates of $62.10 billion. Cardinal Health had a net margin of 0.62% and a negative return on equity of 92.61%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.35 EPS. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. On average, equities analysts predict that Cardinal Health, Inc. will post 10.76 earnings per share for the current year.

Cardinal Health Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a $0.5158 dividend. This represents a $2.06 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, July 1st. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.51. Cardinal Health’s payout ratio is 31.19%.

Cardinal Health 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.