Oddo BHF Asset Management Sas Increases Stock Holdings in Cardinal Health, Inc. $CAH

Oddo BHF Asset Management Sas lifted its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 77.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,489 shares of the company’s stock after buying an additional 33,738 shares during the period. Oddo BHF Asset Management Sas’ holdings in Cardinal Health were worth $15,924,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Aventura Private Wealth LLC purchased a new position in Cardinal Health in the fourth quarter worth $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in Cardinal Health in the fourth quarter worth $26,000. Bank of Jackson Hole Trust purchased a new position in Cardinal Health in the fourth quarter worth $27,000. Jones Financial Companies Lllp boosted its position in Cardinal Health by 198.3% in the first quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock worth $27,000 after purchasing an additional 14,034 shares during the last quarter. Finally, Palladiem LLC purchased a new position in Cardinal Health in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CAH shares. Robert W. Baird set a $248.00 price objective on Cardinal Health in a research report on Friday, May 1st. Wells Fargo & Company cut their price objective on Cardinal Health from $256.00 to $245.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. William Blair started coverage on Cardinal Health in a research report on Tuesday, April 28th. They issued an “outperform” rating on the stock. Morgan Stanley boosted their price objective on Cardinal Health from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Finally, Barclays boosted their price objective on Cardinal Health from $243.00 to $258.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 24th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $246.93.

Cardinal Health Price Performance

Shares of CAH opened at $226.52 on Tuesday. The firm has a market cap of $53.05 billion, a PE ratio of 34.64, a PEG ratio of 1.22 and a beta of 0.52. The stock’s fifty day moving average price is $203.46 and its two-hundred day moving average price is $208.92. 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 the consensus estimate of $2.79 by $0.38. Cardinal Health had a negative return on equity of 92.61% and a net margin of 0.62%.The firm had revenue of $60.94 billion for the quarter, compared to analyst estimates of $62.10 billion. During the same period in the previous year, the company posted $2.35 earnings per share. The business’s 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. Sell-side analysts anticipate that Cardinal Health, Inc. will post 10.76 earnings per share for the current fiscal year.

Cardinal Health Increases Dividend

The firm 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 represents a $2.06 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend 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 presently 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.