Cardinal Health, Inc.

New York Stock Exchange
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Somewhat Bullish +45

Cardinal Health, Inc. $CAH Shares Bought by Florida Financial Advisors ...

AI-generated analysis

📈 Florida Financial Advisors LLC grew its CAH holdings by 21.0% in Q1, adding 2,643 shares for a total value of $3.21 million.

📊 Jones Financial Companies Lllp increased its stake by 198.3%, acquiring 14,034 additional shares valued at $27,000.

💰 Cardinal Health raised its quarterly dividend to $0.5158 per share, representing a 0.9% yield and a 31.50% payout ratio.

📉 JPMorgan Chase & Co. decreased its price target from $243.00 to $215.00 with a neutral rating on May 4th.

📈 TD Cowen increased its price target to $275.00 and assigned a buy rating in a July 9th report.

🏆 Wall Street Zen upgraded Cardinal Health from a buy to a strong-buy rating on July 4th.

📊 The stock currently has an average analyst target price of $250.07 with a consensus Moderate Buy rating.

💵 CAH shares opened at $225.76, trading between a one-year low of $137.75 and a high of $243.21.

🏢 Cardinal Health operates as a multinational healthcare services company headquartered in Dublin, Ohio.

📉 Institutional investors collectively own 87.17% of the company's outstanding stock.

Bullish Signals
  • Florida Financial Advisors LLC increased its position by 21.0% in Q1, signaling continued institutional interest.
  • Jones Financial Companies Lllp significantly expanded its stake by 198.3%, adding over 14,000 shares.
  • The company raised its quarterly dividend to $0.5158 from the previous $0.51, indicating confidence in cash flow.
  • TD Cowen upgraded the price target to $275.00 with a buy rating, suggesting upside potential.
  • Wall Street Zen upgraded the stock to a strong-buy rating, reinforcing positive analyst sentiment.
  • The average analyst target price of $250.07 is above the recent opening price of $225.76.
Risk Factors
  • JPMorgan Chase & Co. lowered its price target to $215.00 and maintained a neutral rating, indicating caution.
  • The stock trades at a P/E ratio of 34.52, which may be considered high relative to some peers.
Full Analysis
Florida Financial Advisors LLC increased its holdings in Cardinal Health, Inc. (NYSE:CAH) by 21.0% during the first quarter, purchasing an additional 2,643 shares to reach a total of 15,203 shares valued at $3.21 million. This position represents approximately 0.8% of the firm's portfolio and ranks as its 28th largest holding. Several other institutional investors also adjusted their stakes, with Jones Financial Companies Lllp significantly increasing its position by 198.3% to own 21,112 shares valued at $27,000. Analyst sentiment regarding Cardinal Health remains mixed but generally positive, with an average target price of $250.07 based on data from MarketBeat.com. While JPMorgan Chase & Co. lowered its price target to $215.00 and maintained a neutral rating, TD Cowen raised its target to $275.00 with a buy rating. Other firms like Wall Street Zen upgraded the stock to a strong-buy, resulting in an average consensus of Moderate Buy among fifteen analysts. Cardinal Health recently announced a quarterly dividend increase, paying $0.5158 per share to stockholders of record on July 1st, marking a rise from the previous quarterly payout of $0.51. The company currently trades with a market capitalization of $52.88 billion and a P/E ratio of 34.52. As a major provider of healthcare supply chain and distribution services, the firm continues to operate across various service lines supporting hospitals and clinical laboratories.