Kiltearn Partners Llp Has Boosted Its Mckesson Corp (MCK) Stake by $24.08 Million; Valuation Rose

January 20, 2018 - By Michael Collier

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.07, from 0.95 in 2017Q2. It turned negative, as 65 investors sold MCK shares while 296 reduced holdings. 72 funds opened positions while 246 raised stakes. 180.04 million shares or 2.23% more from 176.11 million shares in 2017Q2 were reported. Gsa Partners Llp holds 0.08% of its portfolio in McKesson Corporation (NYSE:MCK) for 7,735 shares. Magnetar Financial Llc has 4,953 shares for 0.02% of their portfolio. Profund Ltd Liability Com invested in 5,694 shares or 0.04% of the stock. Princeton Strategies Group Lc accumulated 10,630 shares. Veritable Lp holds 0.02% or 7,389 shares in its portfolio. Teacher Retirement Sys Of Texas accumulated 147,684 shares. Victory Inc owns 0% invested in McKesson Corporation (NYSE:MCK) for 13,342 shares. Old Mutual Customised Solutions (Proprietary) Limited accumulated 0.15% or 7,015 shares. Leisure Cap Mngmt, a California-based fund reported 1,338 shares. Arbiter Ptnrs Mngmt Ltd has invested 0.82% in McKesson Corporation (NYSE:MCK). Boyd Watterson Asset Ltd Limited Liability Company Oh invested in 2,921 shares or 0.22% of the stock. Moreover, Bnp Paribas Arbitrage has 0.05% invested in McKesson Corporation (NYSE:MCK). Douglass Winthrop Ltd Liability invested 0.01% in McKesson Corporation (NYSE:MCK). Oregon Pub Employees Retirement Fund reported 86,807 shares. Blackrock Inc holds 16.23 million shares.

Since August 21, 2017, it had 0 insider buys, and 6 insider sales for $121.83 million activity. HAMMERGREN JOHN H sold $10.40M worth of McKesson Corporation (NYSE:MCK) on Thursday, December 14. Lampert Erin M also sold $140,089 worth of McKesson Corporation (NYSE:MCK) shares.

Kiltearn Partners Llp increased its stake in Mckesson Corp (MCK) by 12.67% based on its latest 2017Q3 regulatory filing with the SEC. Kiltearn Partners Llp bought 157,400 shares as the company’s stock rose 1.84% with the market. The institutional investor held 1.40M shares of the other pharmaceuticals company at the end of 2017Q3, valued at $214.98M, up from 1.24 million at the end of the previous reported quarter. Kiltearn Partners Llp who had been investing in Mckesson Corp for a number of months, seems to be bullish on the $35.52 billion market cap company. The stock decreased 0.83% or $1.42 during the last trading session, reaching $170.36. About 2.40 million shares traded or 12.94% up from the average. McKesson Corporation (NYSE:MCK) has declined 15.45% since January 20, 2017 and is downtrending. It has underperformed by 32.15% the S&P500.

Kiltearn Partners Llp, which manages about $3.16 billion and $3.42 billion US Long portfolio, decreased its stake in Morgan Stanley (NYSE:MS) by 73,400 shares to 4.34 million shares, valued at $209.12M in 2017Q3, according to the filing. It also reduced its holding in American Express Co (NYSE:AXP) by 39,465 shares in the quarter, leaving it with 2.48 million shares, and cut its stake in Polaris Inds Inc (NYSE:PII).

More recent McKesson Corporation (NYSE:MCK) news were published by: Businesswire.com which released: “McKesson Corporation Fiscal 2018 Third Quarter Conference Call Scheduled for …” on January 04, 2018. Also Seekingalpha.com published the news titled: “McKesson: Is This Pharmaceutical Distributor A Buy?” on December 31, 2017. Businesswire.com‘s news article titled: “McKesson Ventures Donates $10000 to Alzheimer’s Association” with publication date: January 16, 2018 was also an interesting one.

McKesson Corporation (NYSE:MCK) Ratings Coverage

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 11 have Buy rating, 1 Sell and 10 Hold. Therefore 50% are positive. McKesson Corporation has $275 highest and $130.0 lowest target. $190.45’s average target is 11.79% above currents $170.36 stock price. McKesson Corporation had 74 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Raymond James on Wednesday, January 6. The stock of McKesson Corporation (NYSE:MCK) has “Buy” rating given on Friday, January 15 by Mizuho. The firm has “Underperform” rating by Credit Suisse given on Wednesday, November 23. The firm has “Neutral” rating given on Monday, September 26 by Mizuho. The firm has “Mkt Perform” rating given on Friday, October 28 by Leerink Swann. The stock of McKesson Corporation (NYSE:MCK) has “Hold” rating given on Tuesday, October 24 by Mizuho. The stock of McKesson Corporation (NYSE:MCK) earned “Buy” rating by Deutsche Bank on Tuesday, January 12. The stock has “Hold” rating by Needham on Tuesday, April 4. The stock of McKesson Corporation (NYSE:MCK) has “Buy” rating given on Tuesday, October 27 by Mizuho. The rating was downgraded by Raymond James to “Mkt Perform” on Tuesday, January 12.

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