Cardinal Health, Inc. $CAH Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 762.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 555,132 shares of the company’s stock after buying an additional 490,791 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cardinal Health were worth $114,080,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. increased its holdings in shares of Cardinal Health by 0.5% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 9,255 shares of the company’s stock valued at $1,902,000 after purchasing an additional 48 shares during the period. HF Advisory Group LLC increased its holdings in shares of Cardinal Health by 0.9% in the fourth quarter. HF Advisory Group LLC now owns 5,227 shares of the company’s stock valued at $1,074,000 after purchasing an additional 49 shares during the period. Generali Asset Management SPA SGR increased its holdings in shares of Cardinal Health by 11.0% in the fourth quarter. Generali Asset Management SPA SGR now owns 513 shares of the company’s stock valued at $105,000 after purchasing an additional 51 shares during the period. Latitude Advisors LLC increased its holdings in shares of Cardinal Health by 2.1% in the third quarter. Latitude Advisors LLC now owns 2,598 shares of the company’s stock valued at $408,000 after purchasing an additional 53 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Cardinal Health by 38.7% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 190 shares of the company’s stock valued at $39,000 after purchasing an additional 53 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CAH shares. William Blair started coverage on Cardinal Health in a report on Tuesday, April 28th. They issued an “outperform” rating on the stock. Mizuho increased their price objective on Cardinal Health from $222.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Weiss Ratings raised Cardinal Health from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. lowered their target price on Cardinal Health from $243.00 to $215.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Finally, Leerink Partners restated an “outperform” rating and issued a $275.00 target price on shares of Cardinal Health in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Cardinal Health currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.80.

Cardinal Health Stock Up 0.4%

Shares of CAH opened at $195.10 on Friday. Cardinal Health, Inc. has a 52 week low of $137.75 and a 52 week high of $233.60. The company has a market capitalization of $45.69 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 1.16 and a beta of 0.53. The stock’s 50-day moving average price is $206.96 and its 200-day moving average price is $207.79.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, April 30th. The company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $62.10 billion. During the same quarter in the prior year, the business earned $2.35 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. As a group, equities analysts anticipate that Cardinal Health, Inc. will post 10.76 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.5158 per share. This is an increase from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, July 1st. Cardinal Health’s dividend payout ratio (DPR) is currently 31.19%.

About Cardinal Health

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.