Ownership Change to Note: Mckesson Corp (NYSE:MCK) Institutional Investors Sentiment Unchanged in Q3 2016

January 11, 2017 - By kentuckypostne   ·   0 Comments

Ownership Change to Note: Mckesson Corp (NYSE:MCK) Institutional Investors Sentiment Unchanged in  Q3 2016

Sentiment for Mckesson Corp (NYSE:MCK)

Mckesson Corp (NYSE:MCK) institutional sentiment increased to 1.06 in Q3 2016. Its up 0.23, from 0.83 in 2016Q2. The ratio has improved, as 400 investment managers increased or opened new positions, while 376 sold and reduced their positions in Mckesson Corp. The investment managers in our partner’s database now own: 189.78 million shares, up from 186.66 million shares in 2016Q2. Also, the number of investment managers holding Mckesson Corp in their top 10 positions decreased from 18 to 13 for a decrease of 5. Sold All: 72 Reduced: 304 Increased: 301 New Position: 99.

McKesson Corporation is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The company has a market cap of $32.16 billion. The Firm operates through two divisions: McKesson Distribution Solutions and Technology Solutions. It has a 15.97 P/E ratio. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally.

About 1.38M shares traded hands. McKesson Corporation (NYSE:MCK) has declined 20.62% since June 7, 2016 and is downtrending. It has underperformed by 28.05% the S&P500.

Analysts await McKesson Corporation (NYSE:MCK) to report earnings on January, 25. They expect $2.96 earnings per share, down 6.92% or $0.22 from last year’s $3.18 per share. MCK’s profit will be $669.15 million for 12.02 P/E if the $2.96 EPS becomes a reality. After $2.94 actual earnings per share reported by McKesson Corporation for the previous quarter, Wall Street now forecasts 0.68% EPS growth.

According to Zacks Investment Research, “McKesson Corporation, the world’s largest health care service and technology company, delivers unique supply and information management solutions that reduce costs and improve quality for its health care customers. The Company is organized under two operating segments: Health Care Supply Management and Health Care Information Technology.”

Southpoint Capital Advisors Lp holds 9.31% of its portfolio in McKesson Corporation for 1.25 million shares. Kdi Capital Partners Llc owns 145,459 shares or 9.3% of their US portfolio. Moreover, North Run Capital Lp has 6.55% invested in the company for 250,000 shares. The California-based Meritage Group Lp has invested 4.86% in the stock. Scharf Investments Llc, a California-based fund reported 1.12 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 2 insider purchases, and 8 selling transactions for $37.72 million net activity.

McKesson Corporation (NYSE:MCK) Ratings Coverage

Ratings analysis reveals 29% of McKesson Corporation’s analysts are positive. Out of 17 Wall Street analysts rating McKesson Corporation, 5 give it “Buy”, 1 “Sell” rating, while 11 recommend “Hold”. The lowest target is $147 while the high is $275. The stock’s average target of $200 is 40.58% above today’s ($142.27) share price. MCK was included in 44 notes of analysts from July 31, 2015. Mizuho maintained the stock with “Buy” rating in Monday, September 21 report. JP Morgan downgraded the stock to “Neutral” rating in Thursday, January 5 report. As per Tuesday, March 15, the company rating was downgraded by Cowen & Co. UBS initiated the stock with “Neutral” rating in Thursday, October 6 report. Standpoint Research upgraded the shares of MCK in a report on Friday, October 28 to “Buy” rating. Deutsche Bank maintained the shares of MCK in a report on Tuesday, January 12 with “Buy” rating. The firm has “Neutral” rating by Mizuho given on Tuesday, June 7. The firm earned “Mkt Perform” rating on Tuesday, January 12 by Raymond James. Bank of America maintained the shares of MCK in a report on Tuesday, June 7 with “Neutral” rating. On Wednesday, November 4 the stock rating was downgraded by Goldman Sachs to “Buy”.

MCK Company Profile

McKesson Corporation (McKesson), incorporated on July 7, 1994, is a pharmaceutical distribution services and information technology company. The Firm delivers an offering of pharmaceuticals and medical supplies. The Firm operates through two divisions: McKesson Distribution Solutions and McKesson Technology Solutions.

More recent McKesson Corporation (NYSE:MCK) news were published by: Businesswire.com which released: “McKesson Corporation Fiscal 2017 Third Quarter Conference Call Scheduled for …” on January 04, 2017. Also Businesswire.com published the news titled: “McKesson and Change Healthcare Announce New Company Will Be Named Change …” on January 05, 2017. Businesswire.com‘s news article titled: “McKesson Completes Acquisition of Rexall Health and Appoints Domenic Pilla as …” with publication date: December 28, 2016 was also an interesting one.

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