Economy

KBC Group NV Sells 4447 Shares of McKesson Corporation (NYSE:MCK)

KBC Group NV Sells 4447 Shares of McKesson Corporation (NYSE:MCK)”

McKesson Corporation (NYSE:MCK) has declined 15.45% since September 8, 2016 and is downtrending. It has underperformed by 16.70% the S&P500. The Massachusetts-based Abrams Capital Management L.P. has invested 2.3% in the stock.

Och-Ziff Capital Management Group LLC is an institutional alternative asset manager. Northwestern Mutual Investment Management Company LLC now owns 197,586 shares of the company's stock valued at $36,879,000 after acquiring an additional 154,721 shares during the last quarter. Livingston Group Asset Management Southport Capital Management who had been investing in Perrigo for a number of months, seems to be less bullish one the $11.17B market cap company. The stock rose 5.62% or $4.4 reaching $82.73. The share price has moved forward from its 20 days moving average, trading at a distance of 4.9% and stays -1.13% away from its 50 days moving average.

Shares of McKesson Corporation (NYSE:MCK) opened at 155.84 on Friday. It has underperformed by 39.70% the S&P500. This is an increase from McKesson Corporation's previous quarterly dividend of $0.28. Its down 0.02, from 0.97 in 2016Q3. It increased, as 76 investors sold PRGO shares while 156 reduced holdings. 66 funds opened positions while 116 raised stakes. Hartford Invest Management holds 0.16% or 62,404 shares. Ameriprise reported 451,047 shares or 0.03% of all its holdings. Van Eck Associate reported 251,923 shares. Korea Investment, a Korea-based fund reported 301,915 shares. Vident Invest Advisory Limited Liability Company has 3,984 shares. Eagle holds 11,960 shares. Hanson Mcclain accumulated 382 shares. State of Alaska Department of Revenue lifted its position in shares of McKesson Corporation by 107.4% in the first quarter. Us Bancorp De has 32,550 shares. Henderson Public Ltd Company has 0.14% invested in McKesson Corporation (NYSE:MCK) for 136,909 shares. Cognios Capital Ltd Llc holds 60,445 shares or 0.27% of its portfolio. Clal Insurance Ent Hldgs Limited, a Israel-based fund reported 739,476 shares. 14,600 were accumulated by Oakbrook Investments Ltd. 112 are owned by Oakworth.

McKesson Corporation has a consensus hold rating from 15 Wall Street analysts, and the number of shares now sold short amount to at least 1.94% of shares outstanding. Therefore 40% are positive. Express Scripts had 34 analyst reports since July 30, 2015 according to SRatingsIntel. As per Tuesday, July 18, the company rating was maintained by Maxim Group. KeyBanc Capital Markets downgraded the stock to "Sector Perform" rating in Monday, November 9 report. The firm earned "Overweight" rating on Friday, April 28 by Barclays Capital. JP Morgan maintained the shares of PRGO in report on Thursday, August 11 with "Neutral" rating. As per Tuesday, April 4, the company rating was initiated by Needham. On Thursday, February 25 the stock rating was downgraded by Longbow to "Neutral". On Thursday, July 27 the stock rating was maintained by Oppenheimer with "Buy".

Vulcan Value Partners Llc decreased Navigant Consulting Inc (NYSE:NCI) stake by 447,915 shares to 1.46M valued at $38.25M in 2016Q4. It also increased its holding in Abbott Laboratories (NYSE:ABT) by 8,130 shares in the quarter, for a total of 61,540 shares, and has risen its stake in Qualcomm (NASDAQ:QCOM). McKesson Corporation's dividend payout ratio is now 6.07%.

In other news, Director Marie L/Ca Knowles sold 1,083 shares of the firm's stock in a transaction that occurred on Monday, July 31st. Therefore 38% are positive. McKesson Corporation has a one year low of $114.53 and a one year high of $181.82.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. The stock of McKesson Corporation (NYSE:MCK) earned "Buy" rating by Goldman Sachs on Wednesday, November 4. The ex-dividend date is Wednesday, August 30th. The company presently has an average rating of "Hold" and an average price target of $171.91. As per Tuesday, January 3, the company rating was downgraded by Mizuho. The firm has "Outperform" rating given on Wednesday, January 6 by Raymond James. The company was maintained on Tuesday, June 7 by Mizuho. The stock of McKesson Corporation (NYSE:MCK) earned "Neutral" rating by Mizuho on Tuesday, June 7.

Since January 1, 0001, it had 1 buy, and 2 insider sales for $193,034 activity. 809 McKesson Corporation (NYSE:MCK) shares with value of $129,974 were sold by Lampert Erin M.

Investors sentiment decreased to 0.95 in Q4 2016. This represents a $1.12 dividend on an annualized basis and a yield of 0.76%. It dived, as 140 investors sold MCK shares while 331 reduced holdings.

Other hedge funds have also recently made changes to their positions in the company. 178.60 million shares or 5.89% less from 189.78 million shares in 2016Q3 were reported. Connor Clark Lunn Investment holds 0.03% or 33,350 shares in its portfolio. Chevy Chase Incorporated owns 190,996 shares. Barings Real Estate Advisers Llc owns 393,920 shares or 3.56% of their USA portfolio. Morgan Stanley invested in 0.1% or 2.11 million shares. Mercer Advisers reported 1,195 shares or 0.13% of all its holdings. Meeder Asset Management Inc. now owns 6,095 shares of the company's stock valued at $1,137,000 after buying an additional 3,237 shares during the last quarter. Girard Ptnrs Limited holds 0.21% or 5,272 shares. Proshare Advisors Lc reported 0.05% stake. Great Lakes Advsrs Limited Liability reported 0.05% stake. Cleararc Capital reported 5,489 shares. Qs Investors Ltd Liability stated it has 87,288 shares. BNP Paribas Arbitrage SA owned approximately 0.09% of McKesson Corporation worth $32,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Sell-side firms now have a consensus recommendation of 2.90 on the shares. Martingale Asset Mngmt Ltd Partnership holds 0.16% or 81,172 shares in its portfolio.

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