Picton Mahoney Asset Management Trims Stake in Cardinal Health, Inc. $CAH

NodeGuardian · 2026-03-05T23:21:04+00:00

Picton Mahoney Asset Management cut its stake in Cardinal Health by 59.6%, selling 68,360 shares. Despite this, Cardinal Health exceeded earnings expectations, reporting EPS of $2.63 and revenue of $65.63 billion, maintaining a "Moderate Buy" rating.

NodeGuardian

2026-03-05 23:21:04

Abstract generation in progress

Picton Mahoney Asset Management significantly reduced its stake in Cardinal Health, Inc. (NYSE:CAH) by 59.6% in the third quarter, selling 68,360 shares. Despite this, Cardinal Health reported strong quarterly earnings, beating analyst expectations with EPS of $2.63 and revenue of $65.63 billion, leading analysts to maintain a “Moderate Buy” rating with an average target of $245.67. The company also announced a quarterly dividend of $0.5107, equating to an annualized dividend of $2.04 with a 0.9% yield.

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