2,022 Shares in Cardinal Health, Inc. $CAH Acquired by Eisler Capital Management Ltd.

Key Points

• Eisler Capital Management Ltd. has acquired 2,022 shares of Cardinal Health, Inc. valued at approximately $279,000 in the first quarter of the year.
• Cardinal Health announced a quarterly dividend of $0.5107, set to be paid on October 15th, representing an annualized dividend yield of 1.4%.
• The company reported earnings per share of $2.08, surpassing the consensus estimate of $2.03, alongside a revenue of $60.16 billion for the quarter.

Eisler Capital Management Ltd. purchased a new stake in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,022 shares of the company's stock, valued at approximately $279,000.

Several other large investors have also recently modified their holdings of CAH. Pinnacle Bancorp Inc. lifted its stake in shares of Cardinal Health by 11.2% in the 1st quarter. Pinnacle Bancorp Inc. now owns 767 shares of the company's stock valued at $106,000 after acquiring an additional 77 shares during the last quarter. Applied Finance Capital Management LLC increased its stake in Cardinal Health by 1.4% in the 1st quarter. Applied Finance Capital Management LLC now owns 6,049 shares of the company's stock worth $833,000 after purchasing an additional 85 shares during the period. CSS LLC IL lifted its position in Cardinal Health by 0.8% in the fourth quarter. CSS LLC IL now owns 11,190 shares of the company's stock valued at $1,323,000 after purchasing an additional 90 shares during the last quarter. Perigon Wealth Management LLC lifted its position in Cardinal Health by 4.2% in the first quarter. Perigon Wealth Management LLC now owns 2,242 shares of the company's stock valued at $309,000 after purchasing an additional 90 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV boosted its stake in shares of Cardinal Health by 2.1% during the first quarter. Smith Shellnut Wilson LLC ADV now owns 4,399 shares of the company's stock valued at $606,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

Cardinal Health Stock Performance

Shares of NYSE CAH traded up $1.18 during mid-day trading on Tuesday, hitting $149.96. 923,476 shares of the stock traded hands, compared to its average volume of 2,420,887. The company has a market cap of $35.81 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 1.26 and a beta of 0.73. The stock has a fifty day moving average price of $157.10 and a 200-day moving average price of $146.46. Cardinal Health, Inc. has a 52 week low of $106.54 and a 52 week high of $168.44.

Cardinal Health (NYSE:CAH - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.03 by $0.05. Cardinal Health had a negative return on equity of 74.45% and a net margin of 0.70%.The business had revenue of $60.16 billion during the quarter, compared to analyst estimates of $60.91 billion. During the same quarter last year, the firm posted $1.84 earnings per share. The company's revenue for the quarter was up .5% on a year-over-year basis. Cardinal Health has set its FY 2026 guidance at 9.300-9.500 EPS. As a group, sell-side analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a $0.5107 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, October 1st. Cardinal Health's payout ratio is currently 31.63%.

Analyst Ratings Changes

CAH has been the topic of several analyst reports. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $185.00 target price (up from $183.00) on shares of Cardinal Health in a research note on Wednesday, August 13th. Wall Street Zen cut shares of Cardinal Health from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Argus set a $189.00 price objective on shares of Cardinal Health in a research note on Friday, August 22nd. UBS Group reiterated a "buy" rating on shares of Cardinal Health in a report on Tuesday, August 12th. Finally, Leerink Partners reduced their price target on Cardinal Health from $188.00 to $186.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $165.93.

Insider Buying and Selling

In related news, insider Ola M. Snow sold 28,151 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $148.94, for a total transaction of $4,192,809.94. Following the completion of the transaction, the insider owned 15,431 shares of the company's stock, valued at $2,298,293.14. This trade represents a 64.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen M. Mason sold 41,575 shares of Cardinal Health stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $148.82, for a total value of $6,187,191.50. Following the transaction, the chief executive officer owned 26,085 shares of the company's stock, valued at $3,881,969.70. The trade was a 61.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 271,676 shares of company stock worth $40,489,525 over the last three months. Corporate insiders own 0.09% of the company's stock.

Cardinal Health Profile

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.