--- title: "First Trust Advisors LP Sells 42,035 Shares of Cardinal Health, Inc. $CAH" type: "News" locale: "en" url: "https://longbridge.com/en/news/294033789.md" description: "First Trust Advisors LP reduced its Cardinal Health holdings by 18.0% in Q1, selling 42,035 shares. Meanwhile, other institutions like Kornitzer Capital and HF Advisory increased their stakes. Cardinal Health recently reported strong quarterly earnings with $3.17 EPS, beating estimates, and raised its dividend to $0.5158 per share. Analysts have adjusted price targets, with Bank of America and Citigroup raising theirs, maintaining a consensus 'Moderate Buy' rating." datetime: "2026-07-28T08:32:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294033789.md) - [en](https://longbridge.com/en/news/294033789.md) - [zh-HK](https://longbridge.com/zh-HK/news/294033789.md) generator: "portal-rs" --- # First Trust Advisors LP Sells 42,035 Shares of Cardinal Health, Inc. $CAH First Trust Advisors LP cut its holdings in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 18.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 191,943 shares of the company's stock after selling 42,035 shares during the period. First Trust Advisors LP owned 0.08% of Cardinal Health worth $40,559,000 as of its most recent SEC filing. Get **Cardinal Health** alerts: - Doubt the Market? 3 Stocks to Rideout Fear, Uncertainty and Doubt Other institutional investors also recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS grew its position in shares of Cardinal Health by 100.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 18,164 shares of the company's stock worth $3,733,000 after buying an additional 9,120 shares during the last quarter. HF Advisory Group LLC boosted its stake in Cardinal Health by 97.5% in the fourth quarter. HF Advisory Group LLC now owns 10,227 shares of the company's stock valued at $2,102,000 after acquiring an additional 5,049 shares in the last quarter. Abacus FCF Advisors LLC acquired a new stake in Cardinal Health in the fourth quarter valued at approximately $7,182,000. Byrne Financial Freedom LLC purchased a new position in Cardinal Health in the fourth quarter worth $1,574,000. Finally, Belleair Asset Management LLC acquired a new position in shares of Cardinal Health during the fourth quarter worth $1,100,000. 87.17% of the stock is owned by hedge funds and other institutional investors. ## Cardinal Health Price Performance NYSE CAH opened at $229.29 on Tuesday. The company has a market cap of $53.70 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 1.11 and a beta of 0.49. The stock's fifty day moving average price is $220.57 and its 200 day moving average price is $214.64. Cardinal Health, Inc. has a 1 year low of $137.75 and a 1 year high of $243.21. - Medical Technology Stock Benefits from Rising Acute Care Demand Cardinal Health (NYSE:CAH - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $3.17 EPS for the quarter, topping analysts' consensus estimates of $2.79 by $0.38. The company had revenue of $60.94 billion during the quarter, compared to analysts' expectations of $62.10 billion. Cardinal Health had a negative return on equity of 92.61% and a net margin of 0.62%.The firm's revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.35 EPS. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. Research analysts expect that Cardinal Health, Inc. will post 10.77 earnings per share for the current year. ## Cardinal Health Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.5158 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.06 dividend on an annualized basis and a yield of 0.9%. This is a boost from Cardinal Health's previous quarterly dividend of $0.51. Cardinal Health's payout ratio is 31.50%. ## Analyst Ratings Changes - For Cardinal Health, the Proof Will be in Its Performance Several brokerages have recently commented on CAH. Bank of America increased their price objective on Cardinal Health from $240.00 to $260.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. Wall Street Zen raised Cardinal Health from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 4th. Evercore decreased their price target on Cardinal Health from $260.00 to $240.00 and set an "outperform" rating for the company in a research note on Wednesday, April 8th. Weiss Ratings downgraded Cardinal Health from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, May 19th. Finally, Citigroup boosted their price target on Cardinal Health from $245.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $251.73. **Check Out Our Latest Stock Analysis on CAH** ## Cardinal Health Company Profile (Free Report) 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. ## Featured Stories - Five stocks we like better than Cardinal Health - AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next - Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now - Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? - Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight **Want to see what other hedge funds are holding CAH?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cardinal Health, Inc. (NYSE:CAH - Free Report). *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* ## Should You Invest $1,000 in Cardinal Health Right Now? Before you consider Cardinal Health, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cardinal Health wasn't on the list. While Cardinal Health currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [CAH.US](https://longbridge.com/en/quote/CAH.US.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [EVR.US](https://longbridge.com/en/quote/EVR.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) ## Related News & Research - [6,085 Shares in Cardinal Health, Inc. $CAH Acquired by Meeder Advisory Services Inc.](https://longbridge.com/en/news/296467659.md) - [Focus Partners Advisor Solutions LLC Invests $1.05 Million in Cardinal Health, Inc. $CAH](https://longbridge.com/en/news/296074950.md) - [Cardinal Health Insiders Sold Shares Worth Over $58M](https://longbridge.com/en/news/296484552.md) - [Cardinal Health (CAH) Q4 2026 Earnings Call Transcript](https://longbridge.com/en/news/296243095.md) - [Voya Global Equity Dividend and Premium Opportunity Fund declares $0.05 dividend](https://longbridge.com/en/news/296144461.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**