Dai ichi Life Insurance Company Ltd Has $9.30 Million Stock Holdings in Cardinal Health, Inc. $CAH

Dai ichi Life Insurance Company Ltd trimmed its position in Cardinal Health, Inc. (NYSE:CAH) by 7.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,994 shares of the company’s stock after selling 3,725 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Cardinal Health were worth $9,296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new position in Cardinal Health in the 4th quarter worth $26,000. Bank of Jackson Hole Trust bought a new stake in Cardinal Health during the fourth quarter valued at about $27,000. Indiana Trust & Investment Management Co bought a new stake in Cardinal Health during the first quarter valued at about $29,000. Palladiem LLC acquired a new stake in shares of Cardinal Health in the fourth quarter valued at about $28,000. Finally, Elyxium Wealth LLC bought a new position in shares of Cardinal Health in the fourth quarter worth about $34,000. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings cut Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, May 19th. Zacks Research lowered Cardinal Health from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Citigroup lifted their price target on Cardinal Health from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday. William Blair assumed coverage on Cardinal Health in a research report on Tuesday, April 28th. They issued an “outperform” rating for the company. Finally, Wall Street Zen upgraded shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 4th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.73.

Cardinal Health Stock Up 0.9%

CAH stock opened at $227.96 on Friday. Cardinal Health, Inc. has a twelve month low of $137.75 and a twelve month high of $243.21. The company has a market cap of $53.39 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 1.11 and a beta of 0.49. The business’s 50-day simple moving average is $219.98 and its 200 day simple moving average is $214.43.

Cardinal Health (NYSE:CAH) last posted 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 negative return on equity of 92.61% and a net margin of 0.62%.The firm had revenue of $60.94 billion during the quarter, compared to analysts’ expectations of $62.10 billion. During the same quarter in the prior year, the firm posted $2.35 EPS. The company’s revenue for the quarter 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, equities research analysts anticipate that Cardinal Health, Inc. will post 10.77 EPS for the current year.

Cardinal Health Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were paid a $0.5158 dividend. The ex-dividend date was Wednesday, July 1st. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a dividend yield of 0.9%. Cardinal Health’s dividend payout ratio is currently 31.50%.

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.