Peddock Capital Advisors buys $1,398,371 stake in McKesson Corporation (MCK)

McKesson Corporation (MCK) : Peddock Capital Advisors scooped up 6 additional shares in McKesson Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 7,845 shares of McKesson Corporation which is valued at $1,398,371.McKesson Corporation makes up approximately 1.02% of Peddock Capital Advisors’s portfolio.

McKesson Corporation opened for trading at $178.65 and hit $179.3 on the upside on Friday, eventually ending the session at $178.25, with a gain of 0.12% or 0.22 points. The heightened volatility saw the trading volume jump to 15,09,460 shares. Company has a market cap of $40,746 M.

Other Hedge Funds, Including , First Citizens Bank Trust Co reduced its stake in MCK by selling 40,965 shares or 70.55% in the most recent quarter. The Hedge Fund company now holds 17,101 shares of MCK which is valued at $3,048,253. McKesson Corporation makes up approx 0.25% of First Citizens Bank Trust Co’s portfolio.Capital One National Association reduced its stake in MCK by selling 24,405 shares or 63.32% in the most recent quarter. The Hedge Fund company now holds 14,135 shares of MCK which is valued at $2,519,564. McKesson Corporation makes up approx 0.22% of Capital One National Association’s portfolio.Traynor Capital Management reduced its stake in MCK by selling 464 shares or 22.7% in the most recent quarter. The Hedge Fund company now holds 1,580 shares of MCK which is valued at $281,635. McKesson Corporation makes up approx 0.22% of Traynor Capital Management’s portfolio.Capital City Trust Cofl reduced its stake in MCK by selling 241 shares or 1.23% in the most recent quarter. The Hedge Fund company now holds 19,343 shares of MCK which is valued at $3,341,890. McKesson Corporation makes up approx 1.35% of Capital City Trust Cofl’s portfolio.1st Global Advisors boosted its stake in MCK in the latest quarter, The investment management firm added 477 additional shares and now holds a total of 1,800 shares of McKesson Corporation which is valued at $310,986. McKesson Corporation makes up approx 0.04% of 1st Global Advisors’s portfolio.

On the company’s financial health, McKesson Corporation reported $3.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $3.13. The company had revenue of $47899.00 million for the quarter, compared to analysts expectations of $48791.05 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.89 EPS.

Many Wall Street Analysts have commented on McKesson Corporation. Avondale Initiated McKesson Corporation on Apr 19, 2016 to “Mkt Outperform”, Price Target of the shares are set at $203.McKesson Corporation was Initiated by Credit Suisse to “Neutral” on Mar 16, 2016. Mizuho Downgraded McKesson Corporation on Mar 1, 2016 to ” Neutral”, Price Target of the shares are set at $164.

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.

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