Mckesson Corp (NYSE:MCK) Big Money Sentiment Up in 2018 Q1 to 0.9

June 27, 2018 - By Ira Colvard

McKesson Corporation (NYSE:MCK) Corporate Logo

Mckesson Corp’s Sentiment

In Q1 2018 Mckesson Corp (NYSE:MCK) big money sentiment increased to 0.9, revealed SEC filings. So its up 0.11, from 2017Q4’s 0.79. 303 hedge funds increased or opened new stock positions, while 336 reduced and sold their stakes in Mckesson Corp so the sentiment has increased. Funds own 178.18 million shares, up from 177.79 million shares in 2017Q4. Funds holding Mckesson Corp in top 10 decreased from 18 to 12 for a decrease of 6. 73 Investors Sold All; 263 Reduced Holdings; 230 increased stakes while 73 hedge funds bought stakes.

Biggest Mckesson Corp Shareholders

As of Q1 2018 Axon Capital Lp has 10.15% invested in Mckesson Corp. Mckesson Corp’s shareholder Krensavage Asset Management Llc owns 291,392 shares as of Q1 2018. Ruffer Llp reported 1.38 million shares. The United Kingdom-based fund Kiltearn Partners Llp have invested about 6.54% of the fund’s stock portfolio in Mckesson Corp. The Massachusetts-based fund Par Capital Management Inc looks positive on Mckesson Corp, having 4.18 million shares.

McKesson Corporation provides pharmaceuticals and medical supplies in the United States and internationally.The company has $29.24 billion market cap. The firm operates in two divisions, McKesson Distribution Solutions and McKesson Technology Solutions.450.09 is the P/E ratio. The McKesson Distribution Solutions segment distributes branded and generic pharmaceutical drugs, and other healthcare-related products; and provides practice management, technology, clinical support, and business solutions to community oncology and other specialty practices.

Ticker’s shares touched $144.93 during the last trading session after 0.78% change.McKesson Corporation has volume of 948,755 shares. Since June 27, 2017 MCK has declined 10.19% and is downtrending. The stock underperformed the S&P500 by 22.76%.

McKesson Corporation (NYSE:MCK)’s earnings report is awaited on July, 26., as reported by Faxor. earnings per share of $2.67 is 8.54 % up from 2017’s $2.46 EPS. If earnings per share of $2.67 is revealed the profit of MCK could be $538.73M giving it 13.57 P/E. -23.50 % negative EPS growth is what Wall Street’s sees after $3.49 reported EPS last quarter.

Twin Tree Mgmt Lp holds 40,622 shs or 0.05% of its capital. Transamerica Advisors holds 8 shs. Gabelli Funds Ltd holds 55,000 shs. Midas stated it has 0.42% of its capital in McKesson Corporation (NYSE:MCK). Commerzbank Aktiengesellschaft Fi owns 0.01% invested in McKesson Corporation (NYSE:MCK) for 5,612 shs. Ohio-based Fifth Third Bankshares has invested 0.06% in McKesson Corporation (NYSE:MCK). Franklin Resources Incorporated holds 6,735 shs or 0% of its capital. Of Vermont holds 1,033 shs or 0.01% of its capital. Benjamin F Edwards Co Inc holds 3,127 shs or 0.04% of its capital. Smithfield Company, Pennsylvania-based fund reported 316 shs. Savings Bank Of The Ozarks stated it has 0.17% in McKesson Corporation (NYSE:MCK). Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 0.21% or 37,234 shs. Baystate Wealth Mgmt Lc holds 0.01% in McKesson Corporation (NYSE:MCK) or 230 shs. Gulf Bancshares (Uk) accumulated 67,711 shs. 380 are owned by Adirondack Co.

McKesson Corporation had 2 sales and 0 insider purchases since March 1, 2018. This’s net activity of $334,327.

McKesson Corporation (NYSE:MCK) Ratings Coverage

In total 10 analysts cover McKesson (NYSE:MCK). “Buy” rating has 6, “Sell” are 0, while 4 are “Hold”. 60% are bullish. With $200.0 highest and $16000 lowest target McKesson has $179.11 average target or 23.58% above the current ($144.93) price. 12 are the (NYSE:MCK)’s analyst reports since January 5, 2018 according to StockzIntelligence Inc. On Wednesday, January 17 Robert W. Baird maintained McKesson Corporation (NYSE:MCK) rating. Robert W. Baird has “Buy” rating and $200.0 target. On Wednesday, January 24 the rating was maintained by Mizuho with “Hold”. The company rating was upgraded by Jefferies on Wednesday, January 24. In Thursday, February 1 report Mizuho maintained it with “Hold” rating and $179.0 target. On Friday, February 2 the firm earned “Buy” rating by Needham. On Thursday, February 1 RBC Capital Markets maintained McKesson Corporation (NYSE:MCK) with “Hold” rating. On Wednesday, April 11 the rating was maintained by Bank of America with “Buy”. On Tuesday, May 29 the rating was maintained by Leerink Swann with “Hold”. On Wednesday, April 18 the firm has “Buy” rating given by Cowen & Co.

For more McKesson Corporation (NYSE:MCK) news posted recently go to: Bizjournals.com, Benzinga.com, Bizjournals.com, Globenewswire.com or Bizjournals.com. The titles are as follows: “By Hayley Ringle – Reporter, Phoenix Business Journal” posted on June 27, 2018, “The Week Ahead: Senate Weighs Sprint-T-Mobile Merger, Nike Earnings And A Slew Of IPOs” on June 25, 2018, “Opioid epidemic’s other battleground: Teamsters vs. McKesson” with a publish date: June 18, 2018, “Investor Expectations to Drive Momentum within CenterPoint Energy, Univar, NOW, McKesson, Brinker International …” and the last “Pharmaceutical distributor to lay off 126 workers” with publication date: June 04, 2018.

McKesson Corporation (NYSE:MCK) Institutional Investors Chart

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