Cardinal Health, Inc. (NYSE:CAH) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 25.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,147 shares of the company's stock after purchasing an additional 2,694 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Cardinal Health were worth $1,811,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cyrus J. Lawrence LLC acquired a new stake in shares of Cardinal Health during the fourth quarter worth $26,000. Promus Capital LLC purchased a new position in Cardinal Health during the fourth quarter valued at approximately $30,000. Bellwether Advisors LLC acquired a new position in shares of Cardinal Health in the fourth quarter worth $32,000. Tompkins Financial Corp increased its position in Cardinal Health by 106.7% in the 1st quarter. Tompkins Financial Corp now owns 248 shares of the company's stock worth $34,000 after purchasing an additional 128 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in Cardinal Health in the fourth quarter worth approximately $35,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on CAH. Mizuho raised their target price on Cardinal Health from $142.00 to $150.00 and gave the company an "outperform" rating in a report on Monday, March 31st. Evercore ISI restated an "outperform" rating and issued a $180.00 price objective (up previously from $175.00) on shares of Cardinal Health in a research note on Thursday, June 12th. UBS Group upped their price objective on shares of Cardinal Health from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Wells Fargo & Company upgraded Cardinal Health from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $136.00 to $179.00 in a research note on Tuesday, June 3rd. Finally, Robert W. Baird raised their target price on Cardinal Health from $156.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $157.43.

Cardinal Health Stock Up 1.5%

Shares of NYSE CAH opened at $164.89 on Wednesday. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $165.11. The stock has a market cap of $39.36 billion, a price-to-earnings ratio of 25.72, a P/E/G ratio of 1.81 and a beta of 0.66. The company's fifty day moving average is $147.47 and its 200-day moving average is $133.26.

Cardinal Health (NYSE:CAH - Get Free Report) last released its quarterly earnings results 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 68.84% and a net margin of 0.70%. The company had revenue of $54.88 billion for the quarter, compared to analyst estimates of $55.33 billion. During the same quarter last year, the firm posted $2.08 earnings per share. Cardinal Health's revenue was up .0% compared to the same quarter last year. On average, research analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $0.5107 per share. This is a boost from Cardinal Health's previous quarterly dividend of $0.51. This represents a $2.04 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, July 1st. Cardinal Health's dividend payout ratio (DPR) is currently 31.51%.

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.

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