Commonwealth Equity Services LLC reduced its stake in Cencora by 7.9% during the third quarter, selling 3,580 shares and ending the period with 41,656 shares on record. This move follows a broader trend of portfolio rebalancing among institutional investors: Salomon & Ludwin LLC increased its position by 638.1%, adding 134 shares to reach 155 shares, while Capital A Wealth Management LLC boosted its holding by 3,975.0%, acquiring 159 shares to bring its total to 163 shares. Together, these and other institutional transactions leave insiders and institutions owning 97.52% of Cencora’s outstanding shares.

In the third quarter, Cencora reported revenue of $83.73 billion, up 5.9% year-over-year, and delivered earnings per share of $3.84, beating consensus estimates by $0.05. The company’s net margin stood at 0.48%, with return on equity at 227.15%. For fiscal 2026, management has set an EPS guidance range of 17.45 to 17.75, against a consensus estimate of 15.37, reflecting confidence in continued top-line growth driven by both wholesale and specialty distribution segments.

Cencora recently raised its quarterly dividend from $0.55 to $0.60 per share, representing an annualized payout of $2.40 and a payout ratio of 30.19%. On the analyst front, the consensus recommendation is Moderate Buy, based on twelve research reports: one Strong Buy, eight Buy and four Hold. Price targets have been revised higher over the past quarter, with the consensus target near the high end of the prior 12-month range, reflecting optimism about margin expansion and cash flow generation.