McKesson Corporation (MCK) : Scharf Investments reduced its stake in McKesson Corporation by 4.51% during the most recent quarter end. The investment management company now holds a total of 1,136,370 shares of McKesson Corporation which is valued at $221,864,879 after selling 53,646 shares in McKesson Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.McKesson Corporation makes up approximately 4.69% of Scharf Investments’s portfolio.
Other Hedge Funds, Including , Cable Hill Partners sold out all of its stake in MCK during the most recent quarter. The investment firm sold 93 shares of MCK which is valued $18,157.World Asset Management Inc boosted its stake in MCK in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 23,373 shares of McKesson Corporation which is valued at $4,561,007. McKesson Corporation makes up approx 0.17% of World Asset Management Inc’s portfolio. K.j. Harrison Partners Inc added MCK to its portfolio by purchasing 7,500 company shares during the most recent quarter which is valued at $1,476,900. McKesson Corporation makes up approx 0.77% of K.j. Harrison Partners Inc’s portfolio. Seven Bridges Advisors sold out all of its stake in MCK during the most recent quarter. The investment firm sold 2,066 shares of MCK which is valued $406,837.Yhb Investment Advisors boosted its stake in MCK in the latest quarter, The investment management firm added 111 additional shares and now holds a total of 5,258 shares of McKesson Corporation which is valued at $1,033,565. McKesson Corporation makes up approx 0.22% of Yhb Investment Advisors’s portfolio.
McKesson Corporation opened for trading at $183.16 and hit $184.33 on the upside on Monday, eventually ending the session at $183.9, with a gain of 0.61% or 1.11 points. The heightened volatility saw the trading volume jump to 11,78,858 shares. Company has a market cap of $41,507 M.
On the company’s financial health, McKesson Corporation reported $3.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $3.34. The company had revenue of $49733.00 million for the quarter, compared to analysts expectations of $50333.03 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.14 EPS.
Many Wall Street Analysts have commented on McKesson Corporation. Company shares were Reiterated by Mizuho on Aug 11, 2016 to “Neutral”, Firm has raised the Price Target to $ 197 from a previous price target of $174 .Company shares were Reiterated by Mizuho on Jun 7, 2016 to “Neutral”, Firm has raised the Price Target to $ 174 from a previous price target of $164 .McKesson Corporation was Resumed by BofA/Merrill to “Neutral” on Jun 7, 2016.
McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals medical supplies and healthcare information technology. The Company operates through two business segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment and health and beauty care products across North America and internationally. The Distribution Solutions segment provides pharmaceutical solutions for biotech and pharmaceutical manufacturers and practice management technology clinical support and business solutions to oncology and other specialty practices operating in the community setting. The Technology Solutions segment delivers clinical patient care financial supply chain and strategic management software solutions as well as connectivity outsourcing and other services including remote hosting and managed services to healthcare organizations.