Fortem Financial Group LLC Increases Stake in Cardinal Health, Inc. $CAH

Fortem Financial Group LLC raised its position in Cardinal Health, Inc. (NYSE:CAH) by 22.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 19,631 shares of the company’s stock after acquiring an additional 3,622 shares during the period. Cardinal Health makes up 1.0% of Fortem Financial Group LLC’s investment portfolio, making the stock its 28th largest holding. Fortem Financial Group LLC’s holdings in Cardinal Health were worth $4,148,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aventura Private Wealth LLC acquired a new stake in Cardinal Health in the fourth quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Cardinal Health during the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Cardinal Health during the 4th quarter worth approximately $27,000. Palladiem LLC purchased a new position in shares of Cardinal Health during the 4th quarter worth approximately $28,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Cardinal Health in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CAH shares. Barclays lifted their price target on Cardinal Health from $243.00 to $258.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. Leerink Partners reissued an “outperform” rating and issued a $275.00 target price on shares of Cardinal Health in a report on Monday, March 9th. JPMorgan Chase & Co. cut their price target on shares of Cardinal Health from $243.00 to $215.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Weiss Ratings cut shares of Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, May 19th. Finally, Morgan Stanley boosted their price target on Cardinal Health from $245.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $246.93.

Cardinal Health Price Performance

Shares of NYSE CAH opened at $222.08 on Friday. Cardinal Health, Inc. has a 12-month low of $137.75 and a 12-month high of $233.60. The company has a market capitalization of $52.01 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 1.21 and a beta of 0.52. The firm’s 50-day moving average is $204.34 and its two-hundred day moving average is $209.27.

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

Cardinal Health Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.5158 per share. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, July 1st. This represents a $2.06 dividend on an annualized basis and a yield of 0.9%. Cardinal Health’s payout ratio is currently 31.19%.

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.