Richard C Young & Company Decreased Holding in Philip Morris Intl (PM) by $444,555; As Mckesson (MCK) Market Valuation Rose, Shareholder Tourbillon Capital Partners LP Lowered Its Stake

February 25, 2018 - By William Brooks

Richard C Young & Company decreased its stake in Philip Morris Intl Inc (PM) by 4.35% based on its latest 2017Q3 regulatory filing with the SEC. Richard C Young & Company sold 4,005 shares as the company’s stock rose 10.69% with the market. The institutional investor held 88,016 shares of the farming and seeds and milling company at the end of 2017Q3, valued at $9.77 million, down from 92,021 at the end of the previous reported quarter. Richard C Young & Company who had been investing in Philip Morris Intl Inc for a number of months, seems to be less bullish one the $164.81 billion market cap company. The stock increased 3.04% or $3.13 during the last trading session, reaching $106.11. About 4.82 million shares traded. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since February 25, 2017 and is uptrending. It has underperformed by 0.05% the S&P500.

Jason Karp decreased its stake in Mckesson Corp (MCK) by 50.25% based on its latest 2017Q3 regulatory filing with the SEC. Tourbillon Capital Partners Lp sold 227,600 shares as the company’s stock rose 1.84% with the market. The hedge fund run by Jason Karp held 225,337 shares of the other pharmaceuticals company at the end of 2017Q3, valued at $34.61M, down from 452,937 at the end of the previous reported quarter. Tourbillon Capital Partners Lp who had been investing in Mckesson Corp for a number of months, seems to be less bullish one the $31.50B market cap company. The stock increased 1.71% or $2.56 during the last trading session, reaching $152.65. About 1.23M shares traded. McKesson Corporation (NYSE:MCK) has declined 15.45% since February 25, 2017 and is downtrending. It has underperformed by 32.15% the S&P500.

Investors sentiment increased to 0.97 in Q3 2017. Its up 0.09, from 0.88 in 2017Q2. It increased, as 55 investors sold PM shares while 524 reduced holdings. 112 funds opened positions while 452 raised stakes. 1.10 billion shares or 0.12% more from 1.10 billion shares in 2017Q2 were reported. North Carolina-based Kingfisher Ltd Company has invested 0.29% in Philip Morris International Inc. (NYSE:PM). Nelson Roberts Invest Advisors Lc has 1,390 shares for 0.05% of their portfolio. 18,843 were reported by Texas Yale Cap Corp. Buckingham Capital Inc stated it has 7,721 shares or 0.19% of all its holdings. Bainco Intll has invested 0.03% in Philip Morris International Inc. (NYSE:PM). 81,150 are owned by Gabelli Funds Limited Co. Cullinan Assoc holds 65,096 shares. Moody National Bank & Trust Tru Division holds 0.02% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 4,395 shares. New England Invest And Retirement Gp holds 1.43% or 23,132 shares in its portfolio. Gw Henssler & Ltd reported 0.71% of its portfolio in Philip Morris International Inc. (NYSE:PM). 1St Source Bank & Trust owns 7,407 shares. Mercer Advisers Inc has 0.56% invested in Philip Morris International Inc. (NYSE:PM). Guardian Cap Advsr Limited Partnership reported 0.17% stake. Moreover, Northwestern Mutual Wealth Communication has 0.05% invested in Philip Morris International Inc. (NYSE:PM). Chickasaw Capital Management Llc holds 0.1% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 41,509 shares.

Since August 30, 2017, it had 0 insider purchases, and 2 selling transactions for $13.44 million activity. Shares for $1.62M were sold by Azinovic Drago.

Among 19 analysts covering Philip Morris International (NYSE:PM), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Philip Morris International had 54 analyst reports since August 24, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Buy” rating in Friday, February 9 report. The firm has “Neutral” rating given on Friday, October 20 by Citigroup. Jefferies maintained Philip Morris International Inc. (NYSE:PM) rating on Thursday, October 12. Jefferies has “Hold” rating and $116.0 target. The rating was upgraded by JP Morgan to “Overweight” on Friday, June 17. The rating was maintained by Piper Jaffray with “Buy” on Friday, October 13. Goldman Sachs upgraded the shares of PM in report on Monday, September 12 to “Buy” rating. The firm has “Hold” rating given on Tuesday, September 26 by Jefferies. Jefferies maintained it with “Hold” rating and $121 target in Tuesday, June 20 report. Jefferies upgraded the shares of PM in report on Friday, January 19 to “Buy” rating. As per Wednesday, January 4, the company rating was downgraded by Bank of America.

Richard C Young & Company, which manages about $977.77M and $528.35M US Long portfolio, upped its stake in Spdr Gold Trust (GLD) by 3,953 shares to 323,238 shares, valued at $39.30 million in 2017Q3, according to the filing.

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on April, 19. They expect $0.87 earnings per share, down 11.22% or $0.11 from last year’s $0.98 per share. PM’s profit will be $1.35B for 30.49 P/E if the $0.87 EPS becomes a reality. After $1.31 actual earnings per share reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts -33.59% negative EPS growth.

Tourbillon Capital Partners Lp, which manages about $1.12B and $4.13 billion US Long portfolio, upped its stake in Macquarie Infrastructure Cor (NYSE:MIC) by 83,575 shares to 183,575 shares, valued at $13.25 million in 2017Q3, according to the filing. It also increased its holding in Seattle Genetics Inc (NASDAQ:SGEN) by 165,000 shares in the quarter, for a total of 805,000 shares, and has risen its stake in Sarepta Therapeutics Inc (Put) (NASDAQ:SRPT).

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. McKesson Corporation had 79 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of McKesson Corporation (NYSE:MCK) has “Buy” rating given on Friday, January 15 by Mizuho. The company was downgraded on Friday, October 28 by Deutsche Bank. Barclays Capital maintained McKesson Corporation (NYSE:MCK) rating on Friday, April 28. Barclays Capital has “Overweight” rating and $174 target. The rating was maintained by Mizuho with “Hold” on Thursday, February 1. The firm earned “Market Perform” rating on Tuesday, March 15 by Cowen & Co. The stock of McKesson Corporation (NYSE:MCK) has “Mkt Perform” rating given on Friday, October 28 by Leerink Swann. On Tuesday, October 10 the stock rating was upgraded by Cowen & Co to “Outperform”. The stock has “Buy” rating by Mizuho on Tuesday, October 27. As per Wednesday, November 9, the company rating was upgraded by Mizuho. The firm has “Mkt Perform” rating by Raymond James given on Tuesday, January 12.

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.07, from 0.95 in 2017Q2. It dived, as 65 investors sold MCK shares while 296 reduced holdings. 72 funds opened positions while 246 raised stakes. 180.04 million shares or 2.23% more from 176.11 million shares in 2017Q2 were reported. California Public Employees Retirement Sys holds 0.12% or 510,694 shares in its portfolio. Muhlenkamp has 70,956 shares for 3.43% of their portfolio. Addenda Incorporated invested in 13,916 shares. Stevens Cap Mgmt Limited Partnership holds 0.36% or 63,726 shares in its portfolio. The Maryland-based Fort LP has invested 0.08% in McKesson Corporation (NYSE:MCK). Gateway Investment Advisers Ltd has 15,299 shares. Catalyst Capital Advsr Ltd Liability Co accumulated 1,500 shares or 0.01% of the stock. Ny State Teachers Retirement System, New York-based fund reported 361,643 shares. Deerfield stated it has 729,000 shares or 5.04% of all its holdings. Alpine Woods Cap Invsts Limited has 0.46% invested in McKesson Corporation (NYSE:MCK) for 58,400 shares. 565,200 were accumulated by Renaissance Tech Limited Liability Co. 1,862 are owned by Pax World Mgmt Lc. Neumann Capital Lc accumulated 5,085 shares. Genesee Valley Trust Communication reported 3,860 shares. Retail Bank holds 15,974 shares or 0.73% of its portfolio.

Analysts await McKesson Corporation (NYSE:MCK) to report earnings on May, 17. They expect $3.57 earnings per share, up 5.31% or $0.18 from last year’s $3.39 per share. MCK’s profit will be $736.64 million for 10.69 P/E if the $3.57 EPS becomes a reality. After $3.41 actual earnings per share reported by McKesson Corporation for the previous quarter, Wall Street now forecasts 4.69% EPS growth.

Since September 7, 2017, it had 0 buys, and 5 sales for $121.68 million activity. Another trade for 900 shares valued at $140,089 was made by Lampert Erin M on Thursday, September 7.

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By1 William Brooks

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