4,464 Shares in Cardinal Health, Inc. $CAH Acquired by First National Bank of Omaha

Key Points

• First National Bank of Omaha acquired 4,464 Cardinal Health shares worth approximately $1.05 million in the second quarter. Institutional investors collectively own 87.17% of the company.
• Analysts remain broadly positive, with 16 Buy ratings and three Holds; Cardinal Health has an average “Moderate Buy” rating and a consensus price target of $266.56.
• Cardinal Health beat quarterly earnings expectations with EPS of $2.91 versus the $2.42 consensus, while revenue rose 5.8% year over year. The company also declared a quarterly dividend of $0.5158 per share, equating to a 0.9% yield.

First National Bank of Omaha purchased a new position in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,464 shares of the company's stock, valued at approximately $1,054,000.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Cardinal Health during the 2nd quarter worth $6,293,115,000. Norges Bank purchased a new position in Cardinal Health in the fourth quarter valued at $790,344,000. Wellington Management Group LLP raised its stake in Cardinal Health by 153.2% in the third quarter. Wellington Management Group LLP now owns 5,804,090 shares of the company's stock valued at $911,010,000 after buying an additional 3,511,579 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Cardinal Health in the second quarter valued at $308,640,000. Finally, Deutsche Bank AG purchased a new stake in Cardinal Health during the 2nd quarter worth about $238,933,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on CAH. William Blair began coverage on Cardinal Health in a report on Tuesday, April 28th. They issued an "outperform" rating on the stock. Royal Bank Of Canada started coverage on Cardinal Health in a research note on Wednesday. They set an "outperform" rating and a $276.00 target price for the company. Leerink Partners set a $292.00 price target on Cardinal Health in a report on Tuesday, August 11th. Robert W. Baird increased their price target on shares of Cardinal Health from $251.00 to $274.00 and gave the company an "outperform" rating in a research note on Wednesday, August 12th. Finally, Mizuho raised their price objective on shares of Cardinal Health from $240.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. Sixteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Cardinal Health currently has an average rating of "Moderate Buy" and an average target price of $266.56.

Cardinal Health Stock Down 0.1%

Shares of NYSE CAH opened at $234.73 on Thursday. The business has a 50-day moving average price of $231.76 and a 200 day moving average price of $217.68. The stock has a market cap of $54.59 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 1.26 and a beta of 0.49. Cardinal Health, Inc. has a 52-week low of $145.87 and a 52-week high of $258.30.

Cardinal Health (NYSE:CAH - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.49. The business had revenue of $63.67 billion during the quarter, compared to the consensus estimate of $65.15 billion. Cardinal Health had a negative return on equity of 98.53% and a net margin of 0.67%.The company's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.08 earnings per share. Cardinal Health has set its FY 2027 guidance at 12.400-12.600 EPS. Sell-side analysts anticipate that Cardinal Health, Inc. will post 12.54 earnings per share for the current year.

Cardinal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.5158 per share. This represents a $2.06 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, October 1st. Cardinal Health's dividend payout ratio (DPR) is presently 28.49%.

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.

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