DRW Securities LLC Acquires Shares of 2,028 Cardinal Health, Inc. $CAH

Key Points

• DRW Securities LLC has acquired 2,028 shares of Cardinal Health, Inc. valued at approximately $279,000 in the first quarter.
• Insider Michelle D. Greene sold 13,500 shares of Cardinal Health on August 19, resulting in a 47.41% decrease in their position.
• Cardinal Health recently announced a quarterly dividend of $0.5107, marking a total of $2.04 per share on an annual basis, with an ex-dividend date of October 1st.

DRW Securities LLC acquired a new stake in Cardinal Health, Inc. (NYSE:CAH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,028 shares of the company's stock, valued at approximately $279,000.

Other hedge funds have also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. purchased a new position in Cardinal Health in the 1st quarter valued at approximately $26,000. Tompkins Financial Corp grew its holdings in Cardinal Health by 106.7% during the 1st quarter. Tompkins Financial Corp now owns 248 shares of the company's stock valued at $34,000 after buying an additional 128 shares during the last quarter. GW&K Investment Management LLC grew its holdings in Cardinal Health by 113.4% during the 1st quarter. GW&K Investment Management LLC now owns 271 shares of the company's stock valued at $37,000 after buying an additional 144 shares during the last quarter. Measured Risk Portfolios Inc. acquired a new stake in Cardinal Health during the 4th quarter valued at $47,000. Finally, NBC Securities Inc. acquired a new stake in Cardinal Health during the 1st quarter valued at $48,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cardinal Health

In related news, CEO Jason M. Hollar sold 107,705 shares of Cardinal Health stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $148.90, for a total value of $16,037,274.50. Following the transaction, the chief executive officer owned 235,901 shares in the company, valued at approximately $35,125,658.90. This trade represents a 31.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ola M. Snow sold 28,151 shares of Cardinal Health stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $148.94, for a total value of $4,192,809.94. Following the completion of the transaction, the insider owned 15,431 shares in the company, valued at $2,298,293.14. The trade was a 64.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 271,676 shares of company stock valued at $40,489,525 in the last ninety days. Company insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Bank of America increased their target price on Cardinal Health from $165.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Robert W. Baird increased their target price on Cardinal Health from $197.00 to $203.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Jefferies Financial Group set a $150.00 target price on Cardinal Health in a report on Tuesday, August 12th. Morgan Stanley reiterated an "overweight" rating on shares of Cardinal Health in a report on Tuesday, August 12th. Finally, Evercore ISI lowered their target price on Cardinal Health from $200.00 to $190.00 and set an "outperform" rating on the stock in a report on Wednesday, August 13th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $165.93.

Cardinal Health Stock Up 0.1%

Shares of CAH stock traded up $0.14 during mid-day trading on Friday, hitting $149.48. 1,715,434 shares of the company's stock were exchanged, compared to its average volume of 2,643,307. Cardinal Health, Inc. has a fifty-two week low of $106.54 and a fifty-two week high of $168.44. The stock has a 50-day simple moving average of $155.86 and a two-hundred day simple moving average of $146.83. The stock has a market cap of $35.69 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.26 and a beta of 0.73.

Cardinal Health (NYSE:CAH - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $2.08 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $60.91 billion. During the same quarter last year, the firm earned $1.84 earnings per share. The business's revenue 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, analysts anticipate that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a $0.5107 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $2.04 dividend on an annualized basis and a yield of 1.4%. Cardinal Health's dividend payout ratio (DPR) is presently 31.63%.

About Cardinal Health

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.