High Pointe Capital Management Has Decreased Holding in J P Morgan Chase & Co (JPM) by $632,820; As Mckesson (MCK) Shares Declined, Baupost Group Boosted by $133.30 Million Its Stake

May 22, 2018 - By Peter Erickson

McKesson Corporation (NYSE:MCK) Logo

High Pointe Capital Management Llc decreased its stake in J P Morgan Chase & Co (JPM) by 22.19% based on its latest 2017Q4 regulatory filing with the SEC. High Pointe Capital Management Llc sold 5,970 shares as the company’s stock rose 0.67% while stock markets declined. The institutional investor held 20,930 shares of the major banks company at the end of 2017Q4, valued at $2.24M, down from 26,900 at the end of the previous reported quarter. High Pointe Capital Management Llc who had been investing in J P Morgan Chase & Co for a number of months, seems to be less bullish one the $388.84 billion market cap company. The stock increased 1.85% or $2.07 during the last trading session, reaching $114.22. About 5.02M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.99% since May 22, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Seth Klarman increased its stake in Mckesson Corp (MCK) by 172% based on its latest 2017Q4 regulatory filing with the SEC. Baupost Group Llc bought 860,000 shares as the company’s stock declined 12.43% with the market. The hedge fund run by Seth Klarman held 1.36 million shares of the other pharmaceuticals company at the end of 2017Q4, valued at $212.09 million, up from 500,000 at the end of the previous reported quarter. Baupost Group Llc who had been investing in Mckesson Corp for a number of months, seems to be bullish on the $30.16B market cap company. The stock decreased 0.22% or $0.33 during the last trading session, reaching $146.17. About 953,005 shares traded. McKesson Corporation (NYSE:MCK) has declined 6.57% since May 22, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

Investors sentiment decreased to 0.79 in Q4 2017. Its down 0.09, from 0.88 in 2017Q3. It turned negative, 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. Brinker holds 7,511 shares or 0.05% of its portfolio. The Ohio-based Boyd Watterson Asset Mngmt Ltd Liability Company Oh has invested 0.21% in McKesson Corporation (NYSE:MCK). Manchester Cap Management Limited Liability Corp holds 0.01% of its portfolio in McKesson Corporation (NYSE:MCK) for 447 shares. Tci Wealth Advisors invested in 1,625 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 10,070 shares or 0.06% of their US portfolio. Perigon Wealth Mgmt Limited Liability Com has 0.01% invested in McKesson Corporation (NYSE:MCK) for 102 shares. Oak Associates Limited Oh holds 0.47% of its portfolio in McKesson Corporation (NYSE:MCK) for 42,700 shares. Raymond James Trust Na has 12,339 shares. Btim Corporation invested in 1,308 shares. Robeco Institutional Asset Mgmt Bv stated it has 0.21% of its portfolio in McKesson Corporation (NYSE:MCK). Euclidean Techs Ltd Liability stated it has 2.1% in McKesson Corporation (NYSE:MCK). Capital One Association holds 0.04% of its portfolio in McKesson Corporation (NYSE:MCK) for 4,245 shares. Old Natl Fincl Bank In holds 0.04% or 5,115 shares. Jpmorgan Chase And has invested 0.04% in McKesson Corporation (NYSE:MCK). Kj Harrison And Prtnrs Inc stated it has 7,000 shares.

More notable recent McKesson Corporation (NYSE:MCK) news were published by: Seekingalpha.com which released: “McKesson To Acquire MSD For Medical Supply Distribution” on May 07, 2018, also Seekingalpha.com with their article: “More states sue over opioid epidemic” published on May 16, 2018, Streetinsider.com published: “Rite Aid (RAD)/Albertsons More Likely to Depart McKesson (MCK), a Positive for AmerisourceBergen (ABC) – RBC” on May 15, 2018. More interesting news about McKesson Corporation (NYSE:MCK) were released by: Seekingalpha.com and their article: “McKesson launches growth initiative, sees non-GAAP EPS as high as $12.80” published on April 25, 2018 as well as Streetinsider.com‘s news article titled: “McKesson (MCK) implied volatility elevated into Q2” with publication date: May 22, 2018.

Baupost Group Llc, which manages about $29.88 billion and $10.11 billion US Long portfolio, decreased its stake in Chipmos Technologies Inc by 1.58M shares to 1.47 million shares, valued at $25.95 million in 2017Q4, according to the filing.

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. McKesson Corporation had 83 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, October 24 by Mizuho. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, January 12 report. The rating was downgraded by Credit Suisse on Monday, December 18 to “Sell”. Mizuho maintained the shares of MCK in report on Monday, September 26 with “Neutral” rating. The stock has “Buy” rating by Standpoint Research on Friday, October 28. The firm has “Buy” rating given on Friday, July 31 by S&P Research. The stock has “Sell” rating by Credit Suisse on Thursday, November 9. The company was downgraded on Wednesday, November 23 by Credit Suisse. The firm has “Buy” rating given on Monday, September 21 by Mizuho. The stock has “Buy” rating by Needham on Monday, October 30.

Since December 14, 2017, it had 0 buys, and 2 insider sales for $10.61 million activity. HAMMERGREN JOHN H also sold $10.40M worth of McKesson Corporation (NYSE:MCK) shares.

High Pointe Capital Management Llc, which manages about $316.93 million and $73.29M US Long portfolio, upped its stake in Hewlett Packard Enterprise Com by 22,780 shares to 92,950 shares, valued at $1.34 million in 2017Q4, according to the filing. It also increased its holding in Wells Fargo & Co (NYSE:WFC) by 5,650 shares in the quarter, for a total of 38,640 shares, and has risen its stake in Kroger Co (NYSE:KR).

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Seekingalpha.com which released: “JPMorgan Chase: A Compelling Upside Case” on May 03, 2018, also Seekingalpha.com with their article: “King Dimon – For Now | JPMorgan” published on April 26, 2018, Livetradingnews.com published: “JPMorgan Chase & Co. (NYSE:JPM) Trending Upwards” on May 11, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “JPMorgan doubles down on AI” published on May 04, 2018 as well as Seekingalpha.com‘s news article titled: “JPMorgan Going From Strength To Strength” with publication date: May 14, 2018.

Among 34 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 14 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 120 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Wednesday, December 6 with “Buy”. The firm has “Neutral” rating given on Wednesday, February 24 by Nomura. On Wednesday, February 21 the stock rating was maintained by Morgan Stanley with “Overweight”. BMO Capital Markets maintained it with “Hold” rating and $110.0 target in Friday, January 12 report. On Thursday, June 15 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Overweight” rating by Morgan Stanley on Monday, April 30. The firm has “Hold” rating by Oppenheimer given on Friday, July 14. The stock has “Hold” rating by Sandler O’Neill on Thursday, October 6. Berenberg initiated it with “Sell” rating and $52 target in Wednesday, July 13 report. Bank of America maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Friday, January 12. Bank of America has “Buy” rating and $119.0 target.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13. They expect $2.26 EPS, up 24.18% or $0.44 from last year’s $1.82 per share. JPM’s profit will be $7.69B for 12.63 P/E if the $2.26 EPS becomes a reality. After $2.37 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -4.64% negative EPS growth.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.03, from 0.91 in 2017Q3. It worsened, as 55 investors sold JPM shares while 802 reduced holdings. 142 funds opened positions while 611 raised stakes. 2.46 billion shares or 1.60% less from 2.50 billion shares in 2017Q3 were reported. New Mexico Educational Retirement Board has 338,250 shares. Signaturefd Lc has invested 0.23% in JPMorgan Chase & Co. (NYSE:JPM). Mcmillion Mgmt invested in 42,653 shares. Rocky Mountain Advisers Ltd accumulated 558 shares. Liberty Mutual Grp Incorporated Asset Mgmt has invested 0.44% in JPMorgan Chase & Co. (NYSE:JPM). The Texas-based Hilltop Hldgs has invested 0.25% in JPMorgan Chase & Co. (NYSE:JPM). James Investment Research has invested 2.28% in JPMorgan Chase & Co. (NYSE:JPM). Redwood Capital Management Ltd Co owns 353,300 shares. Moreover, Fsi Gp Ltd Liability Com has 0.13% invested in JPMorgan Chase & Co. (NYSE:JPM) for 1,489 shares. Moreover, Credit Agricole S A has 1.55% invested in JPMorgan Chase & Co. (NYSE:JPM) for 216,672 shares. Griffin Asset has invested 1.21% in JPMorgan Chase & Co. (NYSE:JPM). Dalton Greiner Hartman Maher has invested 0.99% in JPMorgan Chase & Co. (NYSE:JPM). Dynamic Capital Mngmt Ltd holds 0.43% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 11,663 shares. Gateway Advisory Limited Company owns 2,026 shares. Ubs Asset Americas Incorporated owns 16.02 million shares for 1.45% of their portfolio.

JPMorgan Chase & Co. (NYSE:JPM) Institutional Positions Chart

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