Pettyjohn Wood & White Cut Mckesson Com (MCK) Stake; Tech Data (TECD) Has 1.04 Sentiment

June 19, 2017 - By Kurt Siggers

Pettyjohn Wood & White Inc decreased Mckesson Corp Com (MCK) stake by 16.24% reported in 2016Q4 SEC filing. Pettyjohn Wood & White Inc sold 2,625 shares as Mckesson Corp Com (MCK)’s stock rose 1.84%. The Pettyjohn Wood & White Inc holds 13,540 shares with $1.90M value, down from 16,165 last quarter. Mckesson Corp Com now has $32.92 billion valuation. The stock rose 0.11% or $0.18 reaching $160.06. About 74,897 shares traded. McKesson Corporation (NYSE:MCK) has declined 15.45% since June 19, 2016 and is downtrending. It has underperformed by 32.15% the S&P500.

Tech Data Corporation is a wholesale distributor of technology products. The company has market cap of $3.67 billion. The Firm serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its clients with logistics capabilities and services. It has a 18.13 P/E ratio. It operates through the segment of distributing technology products, logistics management and other value-added services.

Shayne & Co. Llc holds 6.94% of its portfolio in Tech Data Corp for 107,522 shares. Euclidean Technologies Management Llc owns 24,939 shares or 1.94% of their US portfolio. Moreover, Irving Magee Investment Management has 1.54% invested in the company for 46,900 shares. The Alabama-based Mesirow Financial Investment Management has invested 1.24% in the stock. Dean Capital Management, a Kansas-based fund reported 14,933 shares.

About 6,234 shares traded. Tech Data Corp (TECD) has risen 41.82% since June 19, 2016 and is uptrending. It has outperformed by 25.12% the S&P500.

Since January 1, 0001, it had 0 insider buys, and 9 selling transactions for $2.86 million activity.

Among 21 analysts covering McKesson Corporation (NYSE:MCK), 8 have Buy rating, 1 Sell and 12 Hold. Therefore 38% are positive. McKesson Corporation had 53 analyst reports since July 31, 2015 according to SRatingsIntel. Standpoint Research downgraded McKesson Corporation (NYSE:MCK) on Friday, November 11 to “Hold” rating. The firm has “Mkt Outperform” rating given on Wednesday, January 18 by Avondale. The company was maintained on Tuesday, January 12 by RBC Capital Markets. The rating was maintained by Mizuho on Tuesday, October 27 with “Buy”. Mizuho maintained McKesson Corporation (NYSE:MCK) on Monday, January 18 with “Buy” rating. The stock of McKesson Corporation (NYSE:MCK) earned “Neutral” rating by Robert W. Baird on Friday, October 28. Deutsche Bank downgraded McKesson Corporation (NYSE:MCK) on Friday, October 28 to “Hold” rating. The firm has “Outperform” rating given on Thursday, July 30 by FBR Capital. The firm has “Outperform” rating by Raymond James given on Wednesday, January 6. Mizuho maintained McKesson Corporation (NYSE:MCK) on Friday, January 15 with “Buy” rating.

Pettyjohn Wood & White Inc increased Ishares Tr Us Pfd Stk Idx (PFF) stake by 66,926 shares to 102,341 valued at $3.81 million in 2016Q4. It also upped Ventas Inc (NYSE:VTR) stake by 40,925 shares and now owns 48,087 shares. Wells Fargo & Co New Com (NYSE:WFC) was raised too.

Since March 1, 2017, it had 0 buys, and 6 insider sales for $39.90 million activity. 100,500 shares were sold by HAMMERGREN JOHN H, worth $15.12 million on Tuesday, March 28. $129,974 worth of McKesson Corporation (NYSE:MCK) shares were sold by Lampert Erin M.

Investors sentiment decreased to 0.68 in Q4 2016. Its down 0.38, from 1.06 in 2016Q3. It is negative, as 140 investors sold MCK shares while 331 reduced holdings. 90 funds opened positions while 232 raised stakes. 178.60 million shares or 5.89% less from 189.78 million shares in 2016Q3 were reported. Dnb Asset Management As reported 0% of its portfolio in McKesson Corporation (NYSE:MCK). 7,475 were accumulated by Atria Invs Ltd Liability Company. Nomura Asset Management Ltd reported 0.08% in McKesson Corporation (NYSE:MCK). Massachusetts-based Numeric Invsts Ltd Liability Corporation has invested 0.96% in McKesson Corporation (NYSE:MCK). Patten Group Incorporated Inc invested in 295 shares or 0.02% of the stock. Advantus Capital Mgmt holds 0.09% or 22,665 shares. Boston Private Wealth Limited Co invested in 19,425 shares. Stevens First Principles Inv Advsrs invested in 3,590 shares or 0.35% of the stock. Wells Fargo Mn stated it has 0.12% of its portfolio in McKesson Corporation (NYSE:MCK). Adage Cap Partners owns 0.17% invested in McKesson Corporation (NYSE:MCK) for 447,108 shares. Oakworth Capital has 5 shares for 0% of their portfolio. Dreman Value Management L L C holds 3,925 shares. Blackrock Fund Advsr holds 3.09 million shares or 0.08% of its portfolio. Quebec – Canada-based Sector Pension Invest Board has invested 0.07% in McKesson Corporation (NYSE:MCK). Schwerin Boyle Cap Mgmt holds 0.43% or 25,000 shares.

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