Does Mckesson Corporation (NYSE:MCK) Have Gas After Even More Sellers Involved?

April 20, 2018 - By Migdalia James

McKesson Corporation (NYSE:MCK) Logo

Investors sentiment decreased to 0.79 in 2017 Q4. Its down 0.09, from 0.88 in 2017Q3. It worsened, as 73 investors sold McKesson Corporation shares while 310 reduced holdings. 79 funds opened positions while 222 raised stakes. 177.79 million shares or 1.25% less from 180.04 million shares in 2017Q3 were reported.
Rand Wealth Limited Liability Co reported 3,917 shares. Wetherby Asset Management has 5,839 shares for 0.13% of their portfolio. San Francisco Sentry Invest Grp (Ca) owns 0.01% invested in McKesson Corporation (NYSE:MCK) for 325 shares. Pinebridge Invs Limited Partnership stated it has 3,218 shares. Meeder Asset Management holds 0.23% or 17,726 shares. South Dakota Council owns 61,510 shares for 0.21% of their portfolio. Sector Gamma As reported 67,315 shares. Moreover, Ameritas Inv Prns has 0.03% invested in McKesson Corporation (NYSE:MCK) for 4,657 shares. Loews accumulated 0% or 1,832 shares. 35 were accumulated by Kistler. Dnb Asset Mgmt As owns 46,032 shares or 0.09% of their US portfolio. Adirondack Com invested 0.05% in McKesson Corporation (NYSE:MCK). Cleararc Cap Inc has invested 0.11% in McKesson Corporation (NYSE:MCK). Lazard Asset Mgmt Limited Liability holds 0.02% or 56,401 shares. Parkwood Lc holds 0.05% or 2,441 shares in its portfolio.

Since December 14, 2017, it had 0 insider buys, and 2 selling transactions for $10.61 million activity. HAMMERGREN JOHN H had sold 65,000 shares worth $10.40M on Thursday, December 14.

The stock of Mckesson Corporation (NYSE:MCK) registered an increase of 3.25% in short interest. MCK’s total short interest was 8.26 million shares in April as published by FINRA. Its up 3.25% from 8.00M shares, reported previously. With 2.06 million shares average volume, it will take short sellers 4 days to cover their MCK’s short positions. The short interest to Mckesson Corporation’s float is 3.97%.

The stock decreased 1.46% or $2.18 during the last trading session, reaching $147.1. About 1.19M shares traded. McKesson Corporation (NYSE:MCK) has declined 6.57% since April 20, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

McKesson Corporation provides pharmaceuticals and medical supplies in the United States and internationally. The company has market cap of $30.35 billion. The firm operates in two divisions, McKesson Distribution Solutions and McKesson Technology Solutions. It has a 6.47 P/E ratio. The McKesson Distribution Solutions segment distributes branded and generic pharmaceutical drugs, and other healthcare-related products; and provides practice management, technology, clinical support, and business solutions to community oncology and other specialty practices.

McKesson Corporation (NYSE:MCK) Ratings Coverage

Among 10 analysts covering McKesson (NYSE:MCK), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. McKesson had 18 analyst reports since October 24, 2017 according to SRatingsIntel. The stock of McKesson Corporation (NYSE:MCK) earned “Buy” rating by Needham on Friday, February 2. The firm has “Buy” rating by Needham given on Wednesday, November 1. Robert W. Baird maintained it with “Buy” rating and $183.0 target in Thursday, October 26 report. The company was upgraded on Wednesday, January 24 by Jefferies. The stock of McKesson Corporation (NYSE:MCK) earned “Buy” rating by Needham on Tuesday, October 24. Needham maintained it with “Buy” rating and $173.0 target in Monday, October 30 report. The stock of McKesson Corporation (NYSE:MCK) earned “Hold” rating by Mizuho on Wednesday, January 24. The firm has “Hold” rating by Mizuho given on Tuesday, October 24. The stock of McKesson Corporation (NYSE:MCK) has “Buy” rating given on Wednesday, January 17 by Robert W. Baird. Bank of America maintained McKesson Corporation (NYSE:MCK) rating on Wednesday, April 11. Bank of America has “Buy” rating and $172 target.

McKesson Corporation (NYSE:MCK) Institutional Positions Chart

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