Economy

The Fiduciary Group LLC Sold shares of McKesson Corp. (MCK)

McKesson Corporation (MCK) opened the session with a $137.46 price tag, later ranging from $135.69 to $140.43, the range at which the stock has traded at throughout the day. Insiders sold a total of 950,983 shares of company stock valued at $145,560,946 in the last quarter. NetApp Inc. (NASDAQ:NTAP) has risen 68.93% since November 14, 2016 and is uptrending. It has outperformed by 22.06% the S&P500. The company reported $3.28 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.50.

A number of other hedge funds have also recently modified their holdings of MCK. The firm has a market cap of $28,580.00, a PE ratio of 11.32, a PEG ratio of 1.41 and a beta of 1.21. The stock increased 0.32% or $0.44 during the last trading session, reaching $138.05. Burt Wealth Advisors holds 0.11% of its portfolio in McKesson Corporation (NYSE:MCK) for 1,000 shares. It has underperformed by 32.15% the S&P500. Needham & Company LLC restated a buy rating and set a $173.00 price objective (down from $178.00) on shares of McKesson Corporation in a research note on Wednesday, November 1st. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/13/royal-bank-of-canada-reiterates-hold-rating-for-mckesson-corporation-mck.html. On October 18, 2017 Jefferies Group LLC updated its forecast on MCK stating a rating of "Hold" and setting a price target of $165.00. Belgium-based Kbc Nv has invested 0.39% in McKesson Corporation (NYSE:MCK). The rating was downgraded by Goldman Sachs to "Neutral" on Friday, September 16. The firm has "Buy" rating by Robert W. Baird given on Tuesday, October 31. (NYSE:MCK) last announced its earnings results on Thursday, October 27th. The stock has "Outperform" rating by FBR Capital on Thursday, July 30.

Analysts await McKesson Corporation (NYSE:MCK) to report earnings on January, 24. The company was maintained on Tuesday, August 29 by Jefferies. Deutsche Bank downgraded McKesson Corporation (NYSE:MCK) on Friday, October 28 to "Hold" rating. The stock has "Neutral" rating by SunTrust on Tuesday, March 8.

Investors sentiment decreased to 0.95 in Q2 2017. Its up 0.10, from 0.93 in 2017Q1.

Earnings-per-share (EPS) ratio for MCK is 21.11, exhibiting the allocation of the profit to each of its outstanding share of common stock. Its down 0.6% from 6.89 million shares previously. Miller Howard Investments New York owns 1.45M shares. Its quick ratio for most recent quarter is 0.60 along with current ratio for most recent quarter of 1.10. McKesson Corporation (MCK) has a Return on Assets of 7.40%.

NetApp Inc. (NTAP) formed double bottom with $43.18 target or 6.00% below today's $45.94 share price. Anchor Capital Advisors Llc sold 15,664 shares as Mckesson Corp (MCK)'s stock rose 1.84%.

In other McKesson Corp. news, Chairman John H. Hammergren sold 100,500 shares of the company's stock in a transaction that occurred on Tuesday, September 6th. 338.41 million shares or 0.06% less from 338.61 million shares in 2017Q1 were reported. McKesson Corporation's dividend payout ratio (DPR) is 6.44%. Cornerstone Advsr reported 8,000 shares. Meiji Yasuda Life Insurance Co reported 0.08% in McKesson Corporation (NYSE:MCK). 315 were reported by Central Bankshares Communications. First Republic Investment Management Incorporated holds 0.09% or 69,587 shares. The Pennsylvania-based Muhlenkamp Co has invested 3.68% in McKesson Corporation (NYSE:MCK).

Since May 27, 2017, it had 0 insider buys, and 4 insider sales for $9.65 million activity. McKesson Corporation (NYSE:MCK) has declined 15.45% since November 13, 2016 and is downtrending.

Short traders are feeling a little more bearish on Mckesson Corp recently as inferred by the increase in short interest.

Norinchukin Bank The decreased Ca Inc (NASDAQ:CA) stake by 48,582 shares to 21,746 valued at $750,000 in 2017Q2. It also reduced Assured Guaranty Ltd (NYSE:AGO) stake by 19,615 shares and now owns 8,556 shares. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Therefore 50% are positive. Netapp Inc. had 124 analyst reports since August 17, 2015 according to SRatingsIntel. Shareholders of record on Friday, December 1st will be issued a dividend of $0.34 per share. As per Tuesday, May 24, the company rating was maintained by RBC Capital Markets. The ex-dividend date of this dividend is Tuesday, November 29th. Bb&T Corp (NYSE:BBT) was raised too. Ngam Advisors Lp reported 82,123 shares. The firm has "Hold" rating by Standpoint Research given on Tuesday, April 26. The stock of McKesson Corporation (NYSE:MCK) has "Hold" rating given on Wednesday, August 26 by Zacks.

TRADEMARK VIOLATION NOTICE: "McKesson Corporation (MCK) Holdings Lifted by Wedge Capital Management L L P NC" was published by TrueBlueTribune and is the property of of TrueBlueTribune. It also reduced its holding in Edwards Lifesciences (NYSE:EW) by 3,875 shares in the quarter, leaving it with 73,090 shares, and cut its stake in Cisco Systems Inc (NASDAQ:CSCO).

Investors sentiment decreased to 0.58 in 2017 Q2. This represents a $1.36 annualized dividend and a yield of 0.99%. It worsened, as 79 investors sold BAC shares while 543 reduced holdings. 49 funds opened positions while 150 raised stakes. Menta Capital Limited Liability reported 67,728 shares. Bowling Port Mgmt Ltd Limited Liability Company reported 29,842 shares. Sompo Japan Nipponkoa Asset Management CO. North Carolina-based First Citizens Fincl Bank And has invested 0.11% in NetApp Inc.



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