Economy

Zeke Capital Advisors LLC Buys 3606 Shares of McKesson (MCK)

The share price has yet to cross its 20 days moving average, floating at a distance of -2.93% and sits -2.47% lower versus its 50 days moving average. Funds hold 177.79 million shares thus 1.25% less from 2017Q3's 180.04 million shares. Glenview Capital Management Llc who had been investing in Mckesson Corp for a number of months, seems to be bullish on the $29.77B market cap company. The first sale was made at $146.85 but later the stock became weaker, and closed with a fall of -1.73%. About 1.17M shares traded.

While looking at the Stock's Performance, McKesson Corporation now shows a Weekly Performance of -7.64%, where Monthly Performance is 3.27%, Quarterly performance is -5.32%, 6 Months performance is 5.27% and yearly performance percentage is 1.99%. MCK underperformed the S&P500 by 18.12%.

Jeffrey Bersh increased its stake in Bioscrip Inc (BIOS) by 19.69% based on its latest 2017Q4 regulatory filing with the SEC. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 769 shares of the company's stock valued at $130,000 after buying an additional 491 shares during the period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. Closing price generally refers to the last price at which a stock trades during a regular trading session. Therefore 55% are positive. McKesson Corporation had 83 analyst reports since July 31, 2015 according to SRatingsIntel. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The firm has "Market Perform" rating by Cowen & Co given on Tuesday, March 15. The company was maintained on Monday, September 26 by Mizuho. The company was upgraded on Wednesday, January 24 by Jefferies. On Thursday, January 5 the stock rating was downgraded by JP Morgan to "Neutral".

Several research firms have issued reports on MCK. The stock now has a consensus rating of "Hold" and a consensus price target of $176.32. Robert W. Baird has "Buy" rating and $200.0 target. As per Monday, October 30, the company rating was maintained by Needham.

MCK has flown up as the subject of gossips for a number of analysts.

More notable recent McKesson Corporation (NYSE:MCK) news were published by: Seekingalpha.com which released: "McKesson launches growth initiative, sees non-GAAP EPS as high as $12.80" on April 25, 2018, also Seekingalpha.com with their article: "McKesson Is Undervalued" published on April 16, 2018, Seekingalpha.com published: "McKesson To Acquire MSD For Medical Supply Distribution" on May 07, 2018.

Since December 14, 2017, it had 0 insider purchases, and 2 insider sales for $10.61 million activity.

In other McKesson news, SVP Erin M. Lampert sold 1,413 shares of McKesson stock in a transaction on Thursday, March 1st.

Investors sentiment decreased to 0.79 in 2017 Q4. Its down 0.09, from 0.88 in 2017Q3. It worsened, as 73 investors sold MCK shares while 310 reduced holdings. 79 funds opened positions while 222 raised stakes. McKesson Corporation has its outstanding Shares of 217.32 Million. Quantitative Invest Mngmt Llc has 0.12% invested in McKesson Corporation (NYSE:MCK). First Heartland Consultants holds 7,539 shares or 0.35% of its portfolio. Retirement Of Alabama accumulated 101,030 shares. Investors of record on Friday, June 1st will be given a dividend of $0.34 per share. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 10,070 shares. 23,316 were reported by Ontario Teachers Pension Plan Board. Tru Of Toledo Na Oh invested in 13,260 shares or 0.51% of the stock. Financial Counselors holds 0.02% of its portfolio in McKesson Corporation (NYSE:MCK) for 2,684 shares. Woodley Farra Manion Port Mgmt Incorporated holds 0.65% in Exxon Mobil Corporation (NYSE:XOM) or 71,165 shares. Oak Assoc Ltd Oh invested in 0.47% or 42,700 shares. Lourd Capital Limited Liability owns 1.42% invested in Exxon Mobil Corporation (NYSE:XOM) for 260,010 shares. Anchor Cap Advsr Limited stated it has 0.83% of its capital in McKesson Corporation (NYSE:MCK). Aqr Management reported 3.86M shares or 0.63% of all its holdings. Certified Advisory Corp increased its stake in shares of McKesson by 86.8% in the 1st quarter. Finally, Rhumbline Advisers boosted its stake in shares of McKesson by 1.3% in the fourth quarter. The company reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.49. Darden Restaurants, Inc.is given 9 buy-equivalent recommendations, 0 sells and 12 holds. The firm has "Buy" rating given on Wednesday, April 11 by Bank of America. (NASDAQ:BIOS) rating on Tuesday, January 3. Lake Street has "Buy" rating and $4.50 target.

Parsec Financial Management Inc decreased its stake in Exxon Mobil Corp (XOM) by 2.16% based on its latest 2017Q4 regulatory filing with the SEC.



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