What's Propelling Mckesson Corporation (NYSE:MCK) After Higher Shorts Reported?

Author

26 May, 2017

Smithfield Tru Company holds 247 shares or 0.01% of its portfolio. The stock increased 1.40% or $2.23 on May 24, reaching $161.23. The Fulton Breakefield Broenniman Llc holds 16,096 shares with $2.26 million value, down from 20,100 last quarter. It has underperformed by 7.76% the S&P500.

McKesson (NYSE:MCK) last released its earnings results on Thursday, May 18th. The Scholtz & Company Llc holds 78,455 shares with $3.63M value, up from 48,580 last quarter. The company reported $3.39 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $3.04 by $0.35.

In other news, Chairman John H. Hammergren sold 100,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 29th. The SI to Mckesson Corporation's float is 1.97%. About 52 shares traded. It has underperformed by 32.15% the S&P500. This represents a $1.12 dividend on an annualized basis and a yield of 0.69%. The legal version of this piece can be accessed at https://transcriptdaily.com/2017/05/26/henderson-group-plc-reduces-stake-in-mckesson-co-mck.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hutchin Hill Capital Limited Partnership accumulated 86,400 shares or 0.42% of the stock. Envestnet Asset Mngmt has invested 0.02% of its portfolio in McKesson Corporation (NYSE:MCK). Sol Capital Management owns 3,386 shares for 0.14% of their portfolio. Charter Trust Communications reported 12,793 shares. Daiwa Secs Grp Inc Inc invested in 5,850 shares or 0.01% of the stock. The company's stock had a trading volume of 2,495,019 shares. Psagot House reported 24,470 shares stake. Finally, V Wealth Management LLC purchased a new position in shares of McKesson during the third quarter valued at about $1,374,000. Gateway Inv Advisers Llc stated it has 18,686 shares. Fred Alger invested 0% in McKesson Corporation (NYSE:MCK).

McKesson Co. has a 1-year low of $114.53 and a 1-year high of $199.43. Vident Investment Advisory Ltd Liability Corporation owns 0.25% invested in McKesson Corporation (NYSE:MCK) for 15,026 shares.

McKesson Corporation is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The stock has a market capitalization of $34.18 billion, a price-to-earnings ratio of 7.10 and a beta of 1.06. The Company operates through two segments: McKesson Distribution Solutions and Technology Solutions. It has a 49.93 P/E ratio. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally.

Since January 17, 2017, it had 0 buys, and 15 insider sales for $177.77 million activity. 692 shares were bought by Schechter Lori A. Stockholders of record on Monday, June 5th will be issued a dividend of $0.28 per share. S&P Research maintained McKesson Corporation (NYSE:MCK) rating on Friday, July 31. Therefore 35% are positive. Citigroup Inc upped their price target on McKesson from $169.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, March 6th. Raymond James downgraded McKesson Corporation (NYSE:MCK) on Wednesday, January 6 to "Outperform" rating. Mizuho maintained the stock with "Buy" rating in Friday, January 15 report. The rating was maintained by Mizuho on Monday, January 18 with "Buy". JPMorgan Chase & Co. raised McKesson from a "neutral" rating to an "overweight" rating and set a $189.00 price target for the company in a research report on Tuesday. The firm earned "Overweight" rating on Friday, April 28 by Barclays Capital. The firm has "Buy" rating by Lake Street given on Wednesday, June 15. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. Therefore 100% are positive. 633,206 were reported by Sumitomo Mitsui Trust Hldgs Inc. The stock of DSW Inc. The rating was initiated by Needham on Tuesday, April 4 with "Hold". The stock has "Buy" rating by Goldman Sachs on Thursday, September 22. Wedbush initiated DSW Inc. As per Monday, September 28, the company rating was downgraded by B. Riley & Co. The stock of Weyerhaeuser Co (NYSE:WY) earned "Hold" rating by Vertical Research on Tuesday, May 3. The firm has "Hold" rating given on Tuesday, January 3 by Suntrust Robinson. The rating was upgraded by Societe Generale to "Hold" on Wednesday, August 5. Cowen & Co downgraded it to "Market Perform" rating and $173 target in Tuesday, March 15 report. The stock has "Neutral" rating by Dundee Securities on Friday, August 12. The rating was downgraded by Susquehanna on Wednesday, November 4 to "Neutral". The stock rose 0.59% or $0.71 reaching $121.41. Its down 0.17, from 1.58 in 2016Q3. It turned negative, as 56 investors sold Weyerhaeuser Co shares while 276 reduced holdings. 28 funds opened positions while 44 raised stakes.

Valvoline Inc. (NYSE:VVV) plunged -0.76% with the closing price of $22.26. Ameriprise Fincl invested in 0.03% or 451,047 shares. Heritage Investors Mgmt owns 72,342 shares. Eam Invsts Ltd Llc holds 0.13% or 50,514 shares in its portfolio. Cap Research Glob reported 13.86M shares stake. Next Finance invested in 0% or 1,817 shares. Menta Capital Ltd Liability has invested 0.03% in DSW Inc. (NYSE:DSW). Moreover, Deutsche State Bank Ag has 0.01% invested in DSW Inc. HILLMAN JEANNE M also sold $1.25M worth of Weyerhaeuser Co (NYSE:WY) shares. Scotia Incorporated stated it has 0.02% of its portfolio in DSW Inc.


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