Deutsche Bank AG Purchases 158,779 Shares of Cardinal Health, Inc. (NYSE:CAH)

Deutsche Bank AG lifted its stake in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 17.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,087,512 shares of the company's stock after purchasing an additional 158,779 shares during the quarter. Deutsche Bank AG owned about 0.45% of Cardinal Health worth $128,620,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. EP Wealth Advisors LLC boosted its stake in Cardinal Health by 4.4% during the 4th quarter. EP Wealth Advisors LLC now owns 5,338 shares of the company's stock worth $631,000 after purchasing an additional 225 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of Cardinal Health by 4.4% during the 4th quarter. CoreCap Advisors LLC now owns 25,785 shares of the company's stock valued at $3,050,000 after acquiring an additional 1,093 shares during the last quarter. Cornerstone Select Advisors LLC purchased a new stake in Cardinal Health in the 4th quarter valued at about $1,426,000. Crestline Management LP purchased a new stake in Cardinal Health during the fourth quarter worth about $4,123,000. Finally, Cetera Investment Advisers increased its stake in Cardinal Health by 1.4% during the fourth quarter. Cetera Investment Advisers now owns 103,688 shares of the company's stock worth $12,263,000 after purchasing an additional 1,443 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CAH shares. Morgan Stanley upped their target price on shares of Cardinal Health from $142.00 to $166.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. UBS Group upped their price target on Cardinal Health from $150.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. StockNews.com raised Cardinal Health from a "buy" rating to a "strong-buy" rating in a report on Monday, May 5th. Robert W. Baird upped their price target on Cardinal Health from $156.00 to $170.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Bank of America upped their price target on Cardinal Health from $150.00 to $155.00 and gave the company a "buy" rating in a report on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.43.

Cardinal Health Stock Performance

Shares of NYSE:CAH traded up $0.29 during trading hours on Wednesday, hitting $148.55. 1,976,834 shares of the company's stock traded hands, compared to its average volume of 2,225,332. The company's fifty day simple moving average is $135.50 and its two-hundred day simple moving average is $126.92. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 week high of $154.07. The company has a market cap of $35.46 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.20. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. The firm had revenue of $54.88 billion during the quarter, compared to analyst estimates of $55.33 billion. During the same period last year, the company posted $2.08 EPS. The business's quarterly revenue was up .0% compared to the same quarter last year. On average, analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.5107 per share. This is an increase from Cardinal Health's previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $2.04 annualized dividend and a yield of 1.38%. Cardinal Health's dividend payout ratio is presently 31.83%.

About Cardinal Health

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.