Cardinal Health, Inc. $CAH Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,681 shares of the company’s stock after acquiring an additional 2,844 shares during the quarter. M&T Bank Corp’s holdings in Cardinal Health were worth $5,278,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CAH. Aventura Private Wealth LLC acquired a new position in shares of Cardinal Health during the fourth quarter worth about $25,000. Jones Financial Companies Lllp increased its stake in shares of Cardinal Health by 198.3% during the first quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock worth $27,000 after acquiring an additional 14,034 shares during the period. JPL Wealth Management LLC acquired a new position in shares of Cardinal Health during the third quarter worth about $31,000. Turning Point Benefit Group Inc. acquired a new position in Cardinal Health during the third quarter worth about $31,000. Finally, American Capital Advisory LLC grew its position in Cardinal Health by 5,200.0% during the third quarter. American Capital Advisory LLC now owns 212 shares of the company’s stock worth $33,000 after buying an additional 208 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on CAH shares. William Blair started coverage on shares of Cardinal Health in a research report on Tuesday, April 28th. They set an “outperform” rating on the stock. Wall Street Zen upgraded shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Jefferies Financial Group upped their target price on shares of Cardinal Health from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. TD Cowen upped their target price on shares of Cardinal Health from $251.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, UBS Group set a $260.00 target price on shares of Cardinal Health and gave the stock a “buy” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $241.80.

Cardinal Health Price Performance

Shares of NYSE CAH opened at $191.41 on Thursday. 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 $44.83 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 1.17 and a beta of 0.53. The firm’s 50-day moving average is $212.52 and its two-hundred day moving average is $206.74.

Cardinal Health (NYSE:CAH) last announced its quarterly 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 net margin of 0.62% and a negative return on equity of 92.61%. The company 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 firm earned $2.35 earnings per share. The company’s revenue for the quarter 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. On average, analysts forecast 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 issued a $0.5158 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.1%. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, July 1st. Cardinal Health’s payout ratio is currently 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.