Kiltearn Partners Llp Increased Its Holding in Mckesson Corp (MCK) as Market Valuation Rose

January 20, 2018 - By Marie Mckinney

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.07, from 0.95 in 2017Q2. It dived, 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. Brandywine Investment Management Ltd Liability Co invested in 0.12% or 123,301 shares. Whittier Trust Communications holds 62,812 shares or 0.35% of its portfolio. Arbiter Prtnrs Mngmt Lc holds 48,000 shares or 0.82% of its portfolio. Paradigm Asset Mngmt Limited Co holds 3,700 shares or 0.15% of its portfolio. Caisse De Depot Et Placement Du Quebec reported 1.79M shares. Rhumbline Advisers has 0.13% invested in McKesson Corporation (NYSE:MCK). Pennsylvania-based Orrstown Finance has invested 0.13% in McKesson Corporation (NYSE:MCK). Atwood And Palmer accumulated 1,000 shares. Ing Groep Nv has invested 0.01% in McKesson Corporation (NYSE:MCK). Wasatch Advisors invested in 38,271 shares or 0.08% of the stock. Ingalls & Snyder Ltd reported 16,939 shares stake. Ls Advsr Ltd Liability Com reported 6,512 shares. Charter Tru reported 0.2% in McKesson Corporation (NYSE:MCK). 45,632 were reported by Banque Pictet & Cie. Cwm Limited Liability Company holds 0% or 423 shares.

Since August 21, 2017, it had 0 insider buys, and 6 selling transactions for $121.83 million activity. Lampert Erin M also sold $140,089 worth of McKesson Corporation (NYSE:MCK) shares. JACOBS M CHRISTINE had sold 1,083 shares worth $157,500 on Monday, August 21.

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 1.40 million shares of the other pharmaceuticals company at the end of 2017Q3, valued at $214.98 million, up from 1.24M 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 $35.52B 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 $3.16B and $3.42 billion US Long portfolio, decreased its stake in Morgan Stanley (NYSE:MS) by 73,400 shares to 4.34M shares, valued at $209.12 million in 2017Q3, according to the filing. It also reduced its holding in State Str Corp (NYSE:STT) by 169,919 shares in the quarter, leaving it with 537,895 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 Businesswire.com published the news titled: “McKesson Ventures Donates $10000 to Alzheimer’s Association” on January 16, 2018. Seekingalpha.com‘s news article titled: “McKesson: Is This Pharmaceutical Distributor A Buy?” with publication date: December 31, 2017 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 firm earned “Buy” rating on Friday, September 8 by Needham. The company was downgraded on Thursday, September 14 by Morgan Stanley. The stock has “Buy” rating by Standpoint Research on Friday, October 28. As per Friday, July 28, the company rating was upgraded by Jefferies. Credit Suisse downgraded the stock to “Underperform” rating in Wednesday, November 23 report. The stock of McKesson Corporation (NYSE:MCK) earned “Outperform” rating by RBC Capital Markets on Tuesday, January 12. The stock has “Hold” rating by Jefferies on Tuesday, August 29. Needham initiated McKesson Corporation (NYSE:MCK) on Tuesday, April 4 with “Hold” rating. The rating was maintained by Needham on Monday, October 30 with “Buy”. The stock of McKesson Corporation (NYSE:MCK) earned “Outperform” rating by Cowen & Co on Tuesday, October 10.

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