United Capital Financial Advisors LLC Makes New $1.76 Million Investment in Cardinal Health, Inc. $CAH

Key Points

• United Capital Financial Advisors acquired 7,401 Cardinal Health shares worth approximately $1.76 million during the second quarter. Institutional investors collectively own 87.17% of the company.
• Analyst sentiment remains favorable, with 16 Buy ratings and three Holds; Cardinal Health has a consensus “Moderate Buy” rating and an average price target of $266.56.
• Cardinal Health exceeded quarterly EPS expectations, reporting $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, although insiders sold roughly $49.6 million of stock over the past 90 days.

United Capital Financial Advisors LLC acquired a new stake in Cardinal Health, Inc. (NYSE:CAH - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,401 shares of the company's stock, valued at approximately $1,758,000.

A number of other large investors have also made changes to their positions in CAH. Integrated Wealth Concepts LLC boosted its stake in shares of Cardinal Health by 6.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,363 shares of the company's stock worth $601,000 after purchasing an additional 280 shares during the last quarter. Jones Financial Companies Lllp lifted 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 valued at $27,000 after buying an additional 14,034 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Cardinal Health during the second quarter worth approximately $1,935,000. Cerity Partners LLC grew its stake in Cardinal Health by 17.0% in the 2nd quarter. Cerity Partners LLC now owns 40,426 shares of the company's stock worth $6,792,000 after acquiring an additional 5,880 shares during the period. Finally, Nebula Research & Development LLC raised its holdings in Cardinal Health by 34.4% in the 2nd quarter. Nebula Research & Development LLC now owns 10,334 shares of the company's stock valued at $1,736,000 after acquiring an additional 2,646 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

CAH has been the topic of a number of research analyst reports. Mizuho raised their price target on Cardinal Health from $240.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. Wells Fargo & Company lifted their target price on Cardinal Health from $245.00 to $277.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. Wall Street Zen upgraded shares of Cardinal Health from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 4th. Robert W. Baird increased their price target on Cardinal Health from $251.00 to $274.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. Finally, Zacks Research downgraded Cardinal Health from a "strong-buy" rating to a "hold" rating in a report on Friday, June 12th. Sixteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $266.56.

Cardinal Health Stock Performance

Shares of NYSE CAH opened at $234.72 on Friday. The firm has a market cap of $54.59 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 1.41 and a beta of 0.49. Cardinal Health, Inc. has a 1 year low of $145.87 and a 1 year high of $258.30. The stock's 50-day simple moving average is $233.10 and its 200-day simple moving average is $218.42.

Cardinal Health (NYSE:CAH - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $2.91 earnings per share for the quarter, beating analysts' consensus estimates of $2.42 by $0.49. Cardinal Health had a negative return on equity of 98.53% and a net margin of 0.67%.The firm had revenue of $63.67 billion during the quarter, compared to analyst estimates of $65.15 billion. During the same quarter last year, the firm earned $2.08 EPS. Cardinal Health's quarterly revenue was up 5.8% on a year-over-year basis. Cardinal Health has set its FY 2027 guidance at 12.400-12.600 EPS. As a group, research analysts predict that Cardinal Health, Inc. will post 12.55 EPS for the current year.

Cardinal Health Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued 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 currently 28.49%.

Insider Activity at Cardinal Health

In other news, CEO Stephen M. Mason sold 35,000 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $236.40, for a total value of $8,274,000.00. Following the completion of the sale, the chief executive officer owned 18,061 shares of the company's stock, valued at approximately $4,269,620.40. The trade was a 65.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jason M. Hollar sold 80,000 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $235.74, for a total transaction of $18,859,200.00. Following the completion of the sale, the chief executive officer owned 235,132 shares in the company, valued at approximately $55,430,017.68. This trade represents a 25.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 210,271 shares of company stock worth $49,626,657 over the last 90 days. Company insiders own 0.12% of the company's stock.

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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