Capital Fund Management SA Grows Stake in McKesson Co. (NYSE:MCK)

Lloyd Doyle
March 17, 2018

Permal Asset Management Llc sold 107,100 shares as the company's stock rose 0.82% with the market. The institutional investor held 909,437 shares of the health care company at the end of 2017Q3, valued at $13.64 million, down from 960,338 at the end of the previous reported quarter. Honeywell International Inc who had been investing in Ameriprise Finl Inc for a number of months, seems to be less bullish one the $22.99B market cap company. About 950,512 shares traded. Workday, Inc. (NYSE:WDAY) has risen 32.94% since March 16, 2017 and is uptrending. It has outperformed by 11.39% the S&P500.

Vulcan Value Partners Llc increased Mckesson Corp (MCK) stake by 1.21% reported in 2017Q3 SEC filing. Weiss Asset Management Lp bought 6,766 shares as the company's stock rose 17.28% with the market. 234.63 million shares or 2.93% less from 241.71 million shares in 2017Q2 were reported. First Interstate Bank who had been investing in Mckesson Corp for a number of months, seems to be bullish on the $31.43 billion market cap company.

McKesson (NYSE:MCK) traded down $1.63 during midday trading on Tuesday, reaching $152.33. The company's stock had a trading volume of 2,468,621 shares, compared to its average volume of 1,760,000.

McKesson (NYSE:MCK) last released its earnings results on Thursday, February 1st. It has underperformed by 32.15% the S&P500.

Since September 20, 2017, it had 0 insider purchases, and 5 selling transactions for $121.75 million activity. The insider HAMMERGREN JOHN H sold $34.13 million.


Investors sentiment decreased to 0.79 in Q3 2017. Its up 0.07, from 1.45 in 2017Q2. It dropped, as 65 investors sold MCK shares while 296 reduced holdings. The company reported $3.41 earnings per share for the quarter, beating the Zacks' consensus estimate of $2.92 by $0.49. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.63. New Jersey-based Private Advisor Gp Ltd Liability Company has invested 0.02% in McKesson Corporation (NYSE:MCK). Cubist Systematic Strategies Ltd Liability has 3,424 shares. The stock has a consensus rating of "Hold" and a consensus price target of $176.74. Covington Cap Mgmt accumulated 0% or 91 shares. Comerica Bancorporation reported 54,888 shares stake. West Virginia-based City Hldg Co has invested 0.02% in McKesson Corporation (NYSE:MCK). Institutional investors own 88.91% of the company's stock. McKesson makes up about 2.0% of Pzena Investment Management LLC's portfolio, making the stock its 18th largest position. Mitsubishi Ufj Tru And Bk has invested 0.12% in McKesson Corporation (NYSE:MCK). Cullen Frost Bankers has invested 0.77% of its portfolio in Las Vegas Sands Corp. Principal Fincl Grp Inc Inc invested in 0.06% or 404,452 shares. The hedge fund held 1.19M shares of the property-casualty insurers company at the end of 2017Q3, valued at $18.57M, down from 1.30M at the end of the previous reported quarter.

Puplava Financial Services Inc, which manages about $312.12M and $194.70M US Long portfolio, decreased its stake in Unilever N V (NYSE:UN) by 6,081 shares to 6,375 shares, valued at $376,000 in 2017Q3, according to the filing. It also reduced its holding in Tegna Inc by 473,953 shares in the quarter, leaving it with 191,900 shares, and cut its stake in Norfolk Southern Corp (NYSE:NSC). Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Therefore 57% are positive.

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Cowen & Co maintained the stock with "Hold" rating in Wednesday, February 28 report. The stock has "Outperform" rating by FBR Capital on Thursday, July 30. During the same period last year, the firm earned $3.04 earnings per share. equities research analysts anticipate that McKesson Co. will post 12.71 EPS for the current year. (NYSE:WCN) on Friday, October 27 with "Buy" rating. The firm earned "Hold" rating on Tuesday, August 29 by Jefferies. On Wednesday, January 24 the stock rating was maintained by Mizuho with "Hold". The stock has "Mkt Perform" rating by Leerink Swann on Friday, October 28.

Analysts await Ameriprise Financial, Inc. (NASDAQ:WDAY) to report earnings on June, 7. They expect $0.37 earnings per share, down 62.24% or $0.61 from last year's $0.98 per share. During the same quarter past year, the business posted $3.04 earnings per share. ValuEngine lowered shares of McKesson from a "buy" rating to a "hold" rating in a research report on Sunday, December 31st. Therefore 70% are positive. Third Point Reinsurance had 13 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has "Neutral" rating by Janney Capital on Thursday, August 4. (NYSE:WCN) has "Outperform" rating given on Friday, August 5 by Wedbush. Pivotal Research maintained Herbalife Ltd. (NYSE:HLF) on Wednesday, November 4 with "Buy" rating. The rating was upgraded by Mizuho on Wednesday, November 9 to "Buy". The firm has "Overweight" rating by JP Morgan given on Wednesday, March 30. The firm earned "Outperform" rating on Thursday, February 23 by Wedbush. Bank of America started coverage on McKesson in a report on Tuesday, February 27th.

Investors sentiment increased to 1.92 in 2017 Q3. Its down 0.09, from 0.88 in 2017Q2. 69 funds opened positions while 172 raised stakes. Barrett Asset Mngmt Limited Liability Company accumulated 891 shares. Price T Rowe Assocs Md owns 76,300 shares. Norinchukin Financial Bank The reported 26,358 shares or 0.08% of all its holdings. Point72 Asia (Hong Kong) Limited stated it has 71 shares or 0% of all its holdings. Osborne Capital Mngmt Ltd Llc holds 0.83% or 39,364 shares in its portfolio. (NYSE:MCK) by 36.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The rating was downgraded by Deutsche Bank on Friday, October 28 to "Hold". (NYSE:LVS). California Pub Employees Retirement Systems accumulated 983,586 shares. National Bank & Trust Of Mellon Corporation holds 94,057 shares or 0% of its portfolio. Great Lakes Lc invested in 1.13% or 313,354 shares. 98,512 were reported by Secor Capital Advsrs Lp.

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