Cornerstone Select Advisors LLC Trims Holdings in Cardinal Health, Inc. $CAH

Cornerstone Select Advisors LLC lessened its stake in Cardinal Health, Inc. (NYSE:CAH) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,957 shares of the company’s stock after selling 846 shares during the period. Cardinal Health comprises about 1.8% of Cornerstone Select Advisors LLC’s investment portfolio, making the stock its 15th largest position. Cornerstone Select Advisors LLC’s holdings in Cardinal Health were worth $2,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its position in shares of Cardinal Health by 3.6% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,767 shares of the company’s stock worth $297,000 after purchasing an additional 62 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Cardinal Health by 0.4% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,805 shares of the company’s stock worth $2,991,000 after purchasing an additional 69 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in Cardinal Health by 3.2% in the second quarter. Perigon Wealth Management LLC now owns 2,314 shares of the company’s stock valued at $389,000 after buying an additional 72 shares during the last quarter. Community Bank & Trust Waco Texas lifted its holdings in Cardinal Health by 1.3% during the 2nd quarter. Community Bank & Trust Waco Texas now owns 5,598 shares of the company’s stock worth $940,000 after buying an additional 74 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC lifted its holdings in Cardinal Health by 75.0% during the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 175 shares of the company’s stock worth $29,000 after buying an additional 75 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Cardinal Health Stock Performance

Cardinal Health stock opened at $209.27 on Friday. Cardinal Health, Inc. has a one year low of $114.60 and a one year high of $210.32. The company has a 50-day simple moving average of $171.23 and a 200-day simple moving average of $161.17. The firm has a market capitalization of $49.72 billion, a P/E ratio of 32.45, a P/E/G ratio of 1.39 and a beta of 0.72.

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

Cardinal Health Dividend Announcement

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 issued a $0.5107 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, January 2nd. Cardinal Health’s dividend payout ratio is 30.77%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CAH shares. Deutsche Bank Aktiengesellschaft boosted their price target on Cardinal Health from $195.00 to $208.00 and gave the company a “hold” rating in a report on Tuesday, November 18th. Jefferies Financial Group set a $220.00 target price on shares of Cardinal Health and gave the stock a “buy” rating in a report on Monday, November 3rd. Mizuho raised their price target on shares of Cardinal Health from $170.00 to $210.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Wells Fargo & Company boosted their price objective on shares of Cardinal Health from $185.00 to $221.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Finally, UBS Group increased their price objective on shares of Cardinal Health from $185.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $206.57.

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.