McKesson Corporation (MCK) : Silver Capital Management added new position in McKesson Corporation during the most recent quarter end. The investment management firm now holds 6,780 shares of McKesson Corporation which is valued at $1,137,820 , the company said in a statement filed on Apr 25, 2016 with the SEC.McKesson Corporation makes up approximately 6.05% of Silver Capital Management’s portfolio.
McKesson Corporation opened for trading at $167.8 and hit $168.85 on the upside on Monday, eventually ending the session at $168.43, with a gain of 0.36% or 0.61 points. The heightened volatility saw the trading volume jump to 15,54,718 shares. Company has a market cap of $38,501 M.
Other Hedge Funds, Including , Rdl Financial Inc boosted its stake in MCK in the latest quarter, The investment management firm added 926 additional shares and now holds a total of 16,655 shares of McKesson Corporation which is valued at $2,795,042. McKesson Corporation makes up approx 2.09% of Rdl Financial Inc’s portfolio.First Manhattan Co reduced its stake in MCK by selling 745 shares or 34.98% in the most recent quarter. The Hedge Fund company now holds 1,385 shares of MCK which is valued at $246,876.Weatherly Asset Management L. P. reduced its stake in MCK by selling 25 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 15,336 shares of MCK which is valued at $2,733,642. McKesson Corporation makes up approx 0.93% of Weatherly Asset Management L. P.’s portfolio.New York State Teachers Retirement System reduced its stake in MCK by selling 443 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 428,994 shares of MCK which is valued at $76,468,181. McKesson Corporation makes up approx 0.20% of New York State Teachers Retirement System’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in MCK in the latest quarter, The investment management firm added 428 additional shares and now holds a total of 48,812 shares of McKesson Corporation which is valued at $8,433,249. McKesson Corporation makes up approx 0.19% of Oregon Public Employees Retirement Fund’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. 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 was Initiated by Credit Suisse to “Neutral” on Mar 16, 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.