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Mckesson Corp (NYSE:MCK) Quarterly Sentiment Report

09 April 2018

The company's stock declined 12.43% with the market as Nordea Investment Management Ab bought 789,879 shares. The company has a market capitalization of $29,426.05, a P/E ratio of 12.03, a PEG ratio of 1.27 and a beta of 1.32.

Shares of MCK stock traded down $2.90 during mid-day trading on Friday, hitting $139.71. Now the institutional investor is holding 2.17M shares, compared to the 1.38M from the previous quarter. McKesson Corporation (NYSE:MCK) has declined 6.57% since April 8, 2017 and is downtrending. The stock underperformed the S&P500 by 18.12%. According to 2017Q4 Securities and Exchange filling the decrease is 57.25%. The shares were sold at an average price of $149.38, for a total value of $211,073.94. Mckesson has $28.83B market cap. The stock's quarterly performance specifies a shift of -9.03%, and its last twelve month performance is stands at -2.17% while moved -7.39% for the past six months. About 6.76 million shares traded. It has outperformed by 27.65% the S&P500. The company reported $3.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.92 by $0.49. Therefore 72% are positive.

MCK has been the subject of several recent research reports. The firm has "Overweight" rating given on Friday, April 28 by Barclays Capital. The firm has "Buy" rating by Needham given on Friday, February 2. The company presently has a consensus rating of "Hold" and an average price target of $176.74. The stock of Comcast Corporation (NASDAQ:CMCSA) earned "Neutral" rating by Macquarie Research on Monday, January 4. Zacks Investment Research lowered shares of McKesson from a "buy" rating to a "hold" rating in a research note on Monday, February 5th. The firm has "Neutral" rating given on Tuesday, September 29 by Macquarie Research. Mizuho has "Hold" rating and $168.0 target.

Moon Capital Management Llc, which manages about $166.36 million and $97.61 billion US Long portfolio, decreased its stake in Monsanto Co (NYSE:MON) by 210 shares to 18,827 shares, valued at $2.20 billion in 2017Q4, according to the filing. Icon Wealth Partners LLC acquired a new stake in McKesson during the 4th quarter worth approximately $111,000.

Since December 14, 2017, it had 0 insider buys, and 2 insider sales for $10.61 million activity. 65,000 shares were sold by HAMMERGREN JOHN H, worth $10.40 million.

Investors sentiment decreased to 0.79 in Q4 2017. It's down -0.09, from 0.88 in 2017Q3. It is negative, as 73 investors sold MCK shares while 310 reduced holdings. 79 funds opened positions while 222 raised stakes. Sei Investments accumulated 16,539 shares. 1St Source Retail Bank holds 0.03% or 2,204 shares in its portfolio. 34,903 are held by Rockland Trust Communications. Vident Investment Advisory Ltd Llc owns 19,521 shares or 0.14% of their U.S. portfolio. Fiera Corporation owns 3,871 shares. Hartford Financial Mgmt reported 0.01% in McKesson Corporation (NYSE:MCK). Lipe Dalton has invested 1.32% of its portfolio in McKesson Corporation (NYSE:MCK). Markel Corporation invested 0.08% in McKesson Corporation (NYSE:MCK). Wesbanco National Bank owns 25,705 shares. Legal And General Gp Public Ltd Co owns 0.15% invested in McKesson Corporation (NYSE:MCK) for 1.34 million shares. Pictet Asset Management Ltd reported 112,195 shares. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000. Budros Ruhlin & Roe has 5,616 shares. Therefore 44% are positive. Abbvie Inc had 85 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, January 18, the company rating was upgraded by Avondale. (NYSE:V) rating on Thursday, January 25. Finally, Needham & Company LLC lifted their price target on McKesson from $173.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, January 23rd. Oppenheimer has "Outperform" rating and $143 target. The firm has "Buy" rating given on Thursday, December 14 by Jefferies. Keefe Bruyette & Woods maintained the stock with "Buy" rating in Tuesday, September 12 report. The company was upgraded on Wednesday, November 22 by Janney Capital. They use historic price data to observe stock price patterns to predict the direction of that price going forward. The company was upgraded on Tuesday, August 11 by TheStreet.

Among 42 analysts covering Visa Inc. (NYSE:ABBV) to report earnings on April, 26. MCK's profit will be $736.63M for 9.99 P/E if the $3.57 EPS becomes a reality. During the same quarter in the previous year, the company posted $3.04 EPS.

Investors sentiment decreased to 0.79 in 2017 Q4. Its up 0.06, from 0.77 in 2017Q3. It improved, as 55 investors sold V shares while 605 reduced holdings. 147 funds opened positions while 416 raised stakes. Bb&T invested in 0.12% or 41,828 shares. Northstar Inc has invested 0.22% in Comcast Corporation (NASDAQ:CMCSA). It also increased its holding in Jd Com Inc (NASDAQ:JD) by 7,700 shares in the quarter, for a total of 54,276 shares, and has risen its stake in Intercept Pharmaceuticals In (NASDAQ:ICPT). State Board Of Administration Of Florida Retirement Sys reported 289,059 shs or 0.12% of all its holdings. The New York-based Axon Capital Lp has invested 8.86% in the stock. Saybrook Nc reported 68,990 shares. Richard Bernstein Advisors Limited Liability Corp reported 0.47% in 3M Company (NYSE:MMM). 25,069 are held by Hudson Bay Capital Mngmt L P. South Dakota Inv Council accumulated 61,510 shares. Apg Asset Mngmt Nv has 58,297 shares. 6,308 are held by Vigilant Cap Mgmt Ltd Llc. Old Natl Fincl Bank In has invested 0.04% in McKesson Corporation (NYSE:MCK).

Since December 13, 2017, it had 0 insider purchases, and 3 sales for $6.56 million activity. The ex-dividend date of this dividend is Tuesday, November 29th. 4,294 shares were sold by Michael Robert A., worth $512,853. (NYSE:ABBV) shares. SALEKI-GERHARDT AZITA sold $157,458 worth of AbbVie Inc. First Interstate Bankshares invested in 0.06% or 7,412 shares. 83,574 AbbVie Inc. (NYSE:ABBV) shares with value of $9.57 million were sold by ALBAN CARLOS.

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