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Loudon Investment Management Has Trimmed International Business Machs (IBM) Stake by $437,649 as Market Value Rose; Mckesson (MCK) Shareholder River Road Asset Management Increased Position

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McKesson Corporation (NYSE:MCK) Logo

Loudon Investment Management Llc decreased its stake in International Business Machs (IBM) by 38.1% based on its latest 2018Q4 regulatory filing with the SEC. Loudon Investment Management Llc sold 3,873 shares as the company’s stock rose 12.54% with the market. The institutional investor held 6,292 shares of the computer manufacturing company at the end of 2018Q4, valued at $715,000, down from 10,165 at the end of the previous reported quarter. Loudon Investment Management Llc who had been investing in International Business Machs for a number of months, seems to be less bullish one the $124.07 billion market cap company. The stock increased 0.46% or $0.64 during the last trading session, reaching $139.43. About 7.15M shares traded or 46.68% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 10.00% since March 17, 2018 and is downtrending. It has underperformed by 14.37% the S&P500. Some Historical IBM News: 17/04/2018 – IBM – TOTAL CLOUD REVENUE OVER THE LAST 12 MONTHS WAS $17.7 BILLION, UP 22 PERCENT (UP 20 PERCENT ADJUSTING FOR CURRENCY); 15/05/2018 – BERKSHIRE EXITED IBM, GHC IN 1Q: 13F; 29/03/2018 – Moody’s Affirms Seven Classes of GSMS 2017-GS5; 20/03/2018 – IBM Backs 2018 Adj EPS $13.80; 19/03/2018 – Intersections Inc. Launches AI-Powered Identity Theft Protection with IBM Watson; 16/03/2018 – IBM Helps Accelerate Al with Fast New Data Platform, Elite Team; 22/03/2018 – Apple, Google, IBM CEOs Head to China With Trade War Brewing; 17/04/2018 – IBM 1Q GAAP and Operating Tax Rates Include $800 Million Discrete Tax Benefit; 17/04/2018 – IBM Had Cloud Revenue of $17.7 Billion Over Last 12 Mos; 27/03/2018 – ITALY’S CARIGE SAYS APPROVES DEAL WITH IBM FOR OUTSOURCING ITS IT SYSTEM

River Road Asset Management Llc increased its stake in Mckesson Corporation (MCK) by 11.69% based on its latest 2018Q4 regulatory filing with the SEC. River Road Asset Management Llc bought 16,748 shares as the company’s stock declined 5.55% while stock markets rallied. The institutional investor held 159,989 shares of the other pharmaceuticals company at the end of 2018Q4, valued at $17.67 million, up from 143,241 at the end of the previous reported quarter. River Road Asset Management Llc who had been investing in Mckesson Corporation for a number of months, seems to be bullish on the $22.88B market cap company. The stock increased 1.31% or $1.54 during the last trading session, reaching $119.26. About 2.30 million shares traded or 31.39% up from the average. McKesson Corporation (NYSE:MCK) has declined 18.04% since March 17, 2018 and is downtrending. It has underperformed by 22.41% the S&P500. Some Historical MCK News: 12/04/2018 – Griffin Cap Essential Asset REIT Completes Acquisition of McKesson Scottsdale Campus; 25/04/2018 – MCKESSON CORP MCK.N FY2019 SHR VIEW $13.36 — THOMSON REUTERS l/B/E/S; 24/05/2018 – McKesson 4Q Adj EPS $3.49; 24/05/2018 – McKesson Sees FY19 Mid-Single-Digit Percent Rev Growth; 25/04/2018 – McKesson: Will Incur Restructuring and Other Charges in Fiscal 2019; 07/05/2018 – ROBBINS:ROBBINS SAID ADDED TO MCKESSON POSITION IN RECENT WEEKS; 20/04/2018 – MCKESSON: CMTE RECOMMENDS ENHANCED OVERSIGHT RELATED TO OPIOIDS; 25/04/2018 – McKesson: Growth Priorities Include Expanded Supply Chain, Commercialization Services for Pharmaceutical, Medical Supply Manufacturers; 25/04/2018 – PRESS RELEASE – NEW MOUNTAIN CAPITAL AGREES TO SELL MEDICAL SPECIALTIES DISTRIBUTORS TO MCKESSON; 11/05/2018 – River & Mercantile Adds Southwestern Energy, Cuts McKesson: 13F

River Road Asset Management Llc, which manages about $10.26B and $4.07 billion US Long portfolio, decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 50,413 shares to 589,958 shares, valued at $40.23M in 2018Q4, according to the filing. It also reduced its holding in Cars.Com Inc. by 1.15 million shares in the quarter, leaving it with 508,121 shares, and cut its stake in Polaris Industries Inc. (NYSE:PII).

Since January 16, 2019, it had 0 insider purchases, and 1 insider sale for $946,792 activity.

More notable recent McKesson Corporation (NYSE:MCK) news were published by: Seekingalpha.com which released: “Broyhill Asset Management – McKesson Corporation – Seeking Alpha” on March 13, 2019, also Seekingalpha.com with their article: “McKesson: Don’t Sell Into Pending Upmove – Seeking Alpha” published on March 17, 2019, Seekingalpha.com published: “Why We Will Continue To Hold McKesson – Seeking Alpha” on January 16, 2019. More interesting news about McKesson Corporation (NYSE:MCK) were released by: Seekingalpha.com and their article: “McKesson: Homing In On A Bottom – Seeking Alpha” published on December 17, 2018 as well as Seekingalpha.com‘s news article titled: “Change Healthcare on deck for IPO – Seeking Alpha” with publication date: March 17, 2019.

Investors sentiment increased to 0.74 in Q4 2018. Its up 0.03, from 0.71 in 2018Q3. It is positive, as 51 investors sold MCK shares while 289 reduced holdings. 76 funds opened positions while 174 raised stakes. 169.00 million shares or 3.93% more from 162.62 million shares in 2018Q3 were reported. Bridgeway Inc holds 0.53% of its portfolio in McKesson Corporation (NYSE:MCK) for 363,100 shares. Archford Capital Strategies Ltd Com reported 1,103 shares or 0.05% of all its holdings. Parametrica Management Limited accumulated 3,237 shares. 131,700 are held by Portland Counsel. Creative Planning reported 19,128 shares stake. Mai invested in 0.02% or 3,327 shares. Everence owns 3,974 shares. Mackenzie stated it has 110,298 shares or 0.03% of all its holdings. Webster Financial Bank N A accumulated 480 shares or 0.01% of the stock. Clifford Swan Counsel Ltd Liability Company stated it has 0.47% of its portfolio in McKesson Corporation (NYSE:MCK). Credit Agricole S A has invested 0% of its portfolio in McKesson Corporation (NYSE:MCK). Cypress Capital holds 4,045 shares. Numerixs Investment Technologies has 0.08% invested in McKesson Corporation (NYSE:MCK) for 2,200 shares. Deutsche Bancorporation Ag has invested 0.09% in McKesson Corporation (NYSE:MCK). Northwestern Mutual Wealth Mgmt invested in 0% or 5,629 shares.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on April, 16. They expect $2.22 EPS, down 9.39% or $0.23 from last year’s $2.45 per share. IBM’s profit will be $1.98B for 15.70 P/E if the $2.22 EPS becomes a reality. After $4.87 actual EPS reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts -54.41% negative EPS growth.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Cnbc.com which released: “IBM just appointed the first African-American woman to command a US Navy ship to its board – CNBC” on February 26, 2019, also Investorplace.com with their article: “7 Dark Horse Stocks That Deserve Your Attention in 2019 – Investorplace.com” published on March 11, 2019, Investorideas.com published: “Newswire – The #AI Eye: IBM (NYSE: IBM) AI Utilized by Karantis360, NICE (NASDAQ: NICE) RPA Partners with CallVU and CEVA (NASDAQ: CEVA) Tech Used In DJI’s Mavic 2 Camera Drone – InvestorIdeas.com” on March 13, 2019. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Fool.com and their article: “IBM vs. Alphabet: Which Is the Better Buy? – The Motley Fool” published on February 17, 2019 as well as Investorplace.com‘s news article titled: “7 Single-Digit P/E Stocks With Massive Upside – Investorplace.com” with publication date: March 15, 2019.

McKesson Corporation (NYSE:MCK) Institutional Positions Chart


Source: on 2019-03-17 17:56:15

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