Cbs (CBS) Shareholder Community Trust & Investment Co Has Raised Holding by $4.20 Million as Stock Value Declined; Mckesson Com Stk (MCK) Shareholder Sivik Global Healthcare Upped Holding

April 17, 2018 - By Linda Rogers

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Krishen Sud increased its stake in Mckesson Corp Com Stk (MCK) by 20% based on its latest 2017Q4 regulatory filing with the SEC. Sivik Global Healthcare Llc bought 5,000 shares as the company’s stock declined 12.43% with the market. The hedge fund run by Krishen Sud held 30,000 shares of the other pharmaceuticals company at the end of 2017Q4, valued at $4.68 million, up from 25,000 at the end of the previous reported quarter. Sivik Global Healthcare Llc who had been investing in Mckesson Corp Com Stk for a number of months, seems to be bullish on the $30.51B market cap company. The stock increased 3.52% or $5.03 during the last trading session, reaching $147.88. About 3.44M shares traded or 91.36% up from the average. McKesson Corporation (NYSE:MCK) has declined 6.57% since April 17, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

Community Trust & Investment Co increased its stake in Cbs Corp (CBS) by 56.41% based on its latest 2017Q4 regulatory filing with the SEC. Community Trust & Investment Co bought 72,343 shares as the company’s stock declined 13.00% with the market. The institutional investor held 200,582 shares of the broadcasting company at the end of 2017Q4, valued at $11.83M, up from 128,239 at the end of the previous reported quarter. Community Trust & Investment Co who had been investing in Cbs Corp for a number of months, seems to be bullish on the $19.36 billion market cap company. The stock increased 1.66% or $0.83 during the last trading session, reaching $50.9. About 3.18 million shares traded. CBS Corporation (NYSE:CBS) has declined 22.43% since April 17, 2017 and is downtrending. It has underperformed by 33.98% the S&P500.

Investors sentiment decreased to 0.79 in Q4 2017. Its down 0.09, from 0.88 in 2017Q3. It dropped, as 73 investors sold MCK shares while 310 reduced holdings. 79 funds opened positions while 222 raised stakes. 177.79 million shares or 1.25% less from 180.04 million shares in 2017Q3 were reported. Earnest Partners Limited Co accumulated 0% or 2,386 shares. Choate Investment Advsrs reported 3,139 shares stake. Wedge Cap Management L Ltd Partnership Nc stated it has 0.4% in McKesson Corporation (NYSE:MCK). Natl Pension, Korea-based fund reported 198,772 shares. Palo Cap reported 4,898 shares stake. Drw Lc stated it has 0.05% of its portfolio in McKesson Corporation (NYSE:MCK). Adams Diversified Equity Fund Inc holds 59,000 shares or 0.49% of its portfolio. 1,833 are held by Davenport & Ltd Liability. Douglass Winthrop Ltd invested in 1,480 shares or 0.01% of the stock. Moreover, Hikari Tsushin has 0.04% invested in McKesson Corporation (NYSE:MCK). Evergreen Cap Mgmt Lc stated it has 1,500 shares. The Pennsylvania-based Glenmede Na has invested 0.01% in McKesson Corporation (NYSE:MCK). 3,408 were reported by Malaga Cove Capital Ltd Liability Co. Moreover, Tci Wealth Advsr has 0.11% invested in McKesson Corporation (NYSE:MCK). Reilly Advsrs Ltd Liability Com holds 198 shares.

Since December 14, 2017, it had 0 insider buys, and 2 insider sales for $10.61 million activity. Lampert Erin M sold 1,413 shares worth $211,071.

Sivik Global Healthcare Llc, which manages about $250.21M and $269.45M US Long portfolio, decreased its stake in Zoetis Inc (NYSE:ZTS) by 5,000 shares to 60,000 shares, valued at $4.32M in 2017Q4, according to the filing. It also reduced its holding in Centene Corp Del Com Stk (NYSE:CNC) by 10,000 shares in the quarter, leaving it with 70,000 shares, and cut its stake in Unitedhealth Group Inc (NYSE:UNH).

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. McKesson Corporation had 82 analyst reports since July 31, 2015 according to SRatingsIntel. On Friday, September 16 the stock rating was downgraded by Goldman Sachs to “Neutral”. The firm has “Outperform” rating given on Thursday, July 30 by FBR Capital. The stock of McKesson Corporation (NYSE:MCK) has “Hold” rating given on Thursday, February 1 by Mizuho. As per Tuesday, May 30, the company rating was maintained by Mizuho. Deutsche Bank maintained McKesson Corporation (NYSE:MCK) on Tuesday, January 12 with “Buy” rating. The company was maintained on Tuesday, June 7 by Mizuho. The firm has “Overweight” rating by JP Morgan given on Tuesday, May 23. The stock of McKesson Corporation (NYSE:MCK) earned “Hold” rating by Leerink Swann on Monday, April 24. Mizuho maintained the stock with “Neutral” rating in Thursday, August 11 report. The stock has “Hold” rating by Mizuho on Tuesday, October 24.

Among 36 analysts covering CBS Corp (NYSE:CBS), 27 have Buy rating, 0 Sell and 9 Hold. Therefore 75% are positive. CBS Corp had 115 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, February 5 by Telsey Advisory Group. Cowen & Co maintained it with “Buy” rating and $69.0 target in Friday, February 16 report. The rating was maintained by Jefferies on Monday, June 12 with “Buy”. The stock of CBS Corporation (NYSE:CBS) earned “Buy” rating by RBC Capital Markets on Tuesday, August 8. UBS upgraded CBS Corporation (NYSE:CBS) on Tuesday, October 4 to “Buy” rating. The stock of CBS Corporation (NYSE:CBS) earned “Outperform” rating by RBC Capital Markets on Thursday, February 16. The rating was maintained by BMO Capital Markets with “Buy” on Monday, August 7. On Monday, May 15 the stock rating was maintained by BMO Capital Markets with “Outperform”. On Thursday, February 16 the stock rating was maintained by Pivotal Research with “Hold”. The firm earned “Outperform” rating on Friday, January 20 by Credit Suisse.

Community Trust & Investment Co, which manages about $800.63M US Long portfolio, decreased its stake in Ishares Msci Usa Minimum (USMV) by 7,713 shares to 233,430 shares, valued at $12.32M in 2017Q4, according to the filing. It also reduced its holding in Boeing Co (NYSE:BA) by 3,490 shares in the quarter, leaving it with 82,151 shares, and cut its stake in Potash Corp Of Saskatchewan Inc (NYSE:POT).

Investors sentiment decreased to 0.59 in Q4 2017. Its down 0.44, from 1.03 in 2017Q3. It dropped, as 80 investors sold CBS shares while 278 reduced holdings. 65 funds opened positions while 148 raised stakes. 226.28 million shares or 0.25% more from 225.71 million shares in 2017Q3 were reported. The Indiana-based 1St Source Bank & Trust has invested 0.02% in CBS Corporation (NYSE:CBS). Investec Asset Mgmt reported 3.58 million shares. Exxonmobil Inv Mngmt Tx stated it has 0.09% of its portfolio in CBS Corporation (NYSE:CBS). Cleararc stated it has 0.07% of its portfolio in CBS Corporation (NYSE:CBS). Huntington Savings Bank has 1,457 shares. Illinois-based Magnetar Ltd Llc has invested 0.03% in CBS Corporation (NYSE:CBS). Arrowstreet Partnership stated it has 0.09% of its portfolio in CBS Corporation (NYSE:CBS). Capital Guardian reported 0.01% of its portfolio in CBS Corporation (NYSE:CBS). Alabama-based Kistler has invested 0.02% in CBS Corporation (NYSE:CBS). 6,177 were reported by Asset Grp Inc. Thomas White Intll has invested 0.09% in CBS Corporation (NYSE:CBS). Captrust has invested 0% in CBS Corporation (NYSE:CBS). Meyer Handelman holds 0.4% or 140,528 shares in its portfolio. Fragasso Group stated it has 19,319 shares or 0.28% of all its holdings. Point72 Asset Mgmt LP invested in 0% or 7,500 shares.

McKesson Corporation (NYSE:MCK) Institutional Positions Chart

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By1 Linda Rogers

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