SEB Asset Management AB Takes $16.48 Million Position in Cardinal Health, Inc. $CAH

SEB Asset Management AB acquired a new position in Cardinal Health, Inc. (NYSE:CAH) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 78,004 shares of the company’s stock, valued at approximately $16,483,000.

Other institutional investors have also modified their holdings of the company. Aventura Private Wealth LLC bought a new position in Cardinal Health during the fourth quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in Cardinal Health in the fourth quarter worth about $26,000. Bank of Jackson Hole Trust acquired a new stake in Cardinal Health in the 4th quarter valued at about $27,000. Indiana Trust & Investment Management Co acquired a new stake in Cardinal Health in the 1st quarter valued at about $29,000. Finally, Palladiem LLC bought a new position in shares of Cardinal Health during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of Cardinal Health from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Morgan Stanley raised their target price on shares of Cardinal Health from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Wall Street Zen upgraded shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 4th. Zacks Research cut Cardinal Health from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Finally, Evercore dropped their price target on Cardinal Health from $260.00 to $240.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $250.07.

Cardinal Health Stock Performance

Shares of NYSE:CAH opened at $225.76 on Tuesday. The company has a market cap of $52.88 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 1.12 and a beta of 0.49. Cardinal Health, Inc. has a 52 week low of $137.75 and a 52 week high of $243.21. The firm has a 50 day simple moving average of $217.11 and a 200 day simple moving average of $213.94.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data on Thursday, April 30th. The company reported $3.17 earnings per share for the quarter, topping 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 firm had revenue of $60.94 billion for the quarter, compared to analysts’ expectations of $62.10 billion. During the same period in the previous year, the company posted $2.35 EPS. The company’s quarterly 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. On average, equities analysts predict that Cardinal Health, Inc. will post 10.77 earnings per share for the current year.

Cardinal Health Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a $0.5158 dividend. This represents a $2.06 annualized dividend and a dividend yield of 0.9%. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, July 1st. Cardinal Health’s payout ratio is 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.