Sg Americas Securities buys $180.5 Million stake in McKesson Corporation (MCK)

McKesson Corporation (MCK) : Sg Americas Securities scooped up 89,346 additional shares in McKesson Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 1,087,697 shares of McKesson Corporation which is valued at $180.5 Million.McKesson Corporation makes up approximately 1.45% of Sg Americas Securities’s portfolio.

Other Hedge Funds, Including , Trustmark National Bank Trust Department sold out all of its stake in MCK during the most recent quarter. The investment firm sold 4,211 shares of MCK which is valued $698,731.First Interstate Bank boosted its stake in MCK in the latest quarter, The investment management firm added 720 additional shares and now holds a total of 35,527 shares of McKesson Corporation which is valued at $5.9 Million. McKesson Corporation makes up approx 1.26% of First Interstate Bank’s portfolio. Fdo Partners added MCK to its portfolio by purchasing 5,534 company shares during the most recent quarter which is valued at $918,257. McKesson Corporation makes up approx 0.60% of Fdo Partners’s portfolio.Bronfman E.l. Rothschild reduced its stake in MCK by selling 13 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 4,859 shares of MCK which is valued at $820,491. McKesson Corporation makes up approx 0.14% of Bronfman E.l. Rothschild’s portfolio.New Jersey Better Educational Savings Trust boosted its stake in MCK in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 4,000 shares of McKesson Corporation which is valued at $671,280. McKesson Corporation makes up approx 0.46% of New Jersey Better Educational Savings Trust’s portfolio.

McKesson Corporation opened for trading at $181.79 and hit $182.88 on the upside on Friday, eventually ending the session at $182.29, with a gain of 0.73% or 1.33 points. The heightened volatility saw the trading volume jump to 25,30,986 shares. Company has a market cap of $41,019 M.

On the company’s financial health, McKesson Corporation reported $2.44 EPS for the quarter, missing the analyst consensus estimate by $ -0.70 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $3.14. The company had revenue of $46678.00 million for the quarter, compared to analysts expectations of $46810.61 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.94 EPS.

Many Wall Street Analysts have commented on McKesson Corporation. McKesson Corporation was Downgraded by Avondale to ” Mkt Perform” on May 5, 2016. McKesson Corporation was Downgraded by Standpoint Research to ” Hold” on Apr 26, 2016. Avondale Initiated McKesson Corporation on Apr 19, 2016 to “Mkt Outperform”, Price Target of the shares are set at $203.

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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