$3.54 EPS Expected for McKesson (MCK); Apg Asset Management Nv Lowered By $8.02 Million Its Norfolk Southern (NSC) Holding

May 18, 2018 - By Maria Brooks

Norfolk Southern Corporation (NYSE:NSC) Logo

Apg Asset Management Nv decreased Norfolk Southern Corp (NSC) stake by 42.91% reported in 2017Q4 SEC filing. Apg Asset Management Nv sold 66,842 shares as Norfolk Southern Corp (NSC)’s stock declined 7.56%. The Apg Asset Management Nv holds 88,947 shares with $10.73 million value, down from 155,789 last quarter. Norfolk Southern Corp now has $43.08 billion valuation. The stock increased 1.06% or $1.6 during the last trading session, reaching $152.48. About 1.32M shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 20.21% since May 18, 2017 and is uptrending. It has outperformed by 8.66% the S&P500.

Analysts expect McKesson Corporation (NYSE:MCK) to report $3.54 EPS on May, 24 before the open.They anticipate $0.15 EPS change or 4.42% from last quarter’s $3.39 EPS. MCK’s profit would be $730.44 million giving it 10.66 P/E if the $3.54 EPS is correct. After having $3.41 EPS previously, McKesson Corporation’s analysts see 3.81% EPS growth. The stock increased 0.55% or $0.83 during the last trading session, reaching $150.99. About 1.25 million shares traded. McKesson Corporation (NYSE:MCK) has declined 6.57% since May 18, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

Investors sentiment decreased to 0.79 in 2017 Q4. Its down 0.09, from 0.88 in 2017Q3. It is negative, as 73 investors sold McKesson Corporation 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. Transamerica holds 0% or 8 shares in its portfolio. Segall Bryant And Hamill Limited Co owns 2,110 shares or 0.01% of their US portfolio. 60 were accumulated by Ci Glob Incorporated. Beacon Advsr has 750 shares for 1.25% of their portfolio. Cetera Advisor Limited Liability Company holds 0.01% or 1,873 shares in its portfolio. Highvista Strategies Lc has invested 0.1% in McKesson Corporation (NYSE:MCK). Spark Invest Limited invested 0.52% in McKesson Corporation (NYSE:MCK). Fund Mgmt Sa invested in 9,056 shares or 0.01% of the stock. Barrett Asset Mgmt Ltd Liability Com holds 0.01% or 891 shares. The Pennsylvania-based Smithfield has invested 0.01% in McKesson Corporation (NYSE:MCK). 1.30M were accumulated by Dimensional Fund Advisors L P. Connor Clark & Lunn Investment Mngmt holds 0.02% in McKesson Corporation (NYSE:MCK) or 23,725 shares. Security Comml Bank Of Sioux City Iowa Ia holds 1.14% of its portfolio in McKesson Corporation (NYSE:MCK) for 8,088 shares. Tekla Capital Mgmt Ltd Co has 0.75% invested in McKesson Corporation (NYSE:MCK). Verition Fund Management Ltd Limited Liability Company holds 3,940 shares or 0.06% of its portfolio.

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 rating was maintained by Needham with “Buy” on Monday, October 30. Mizuho maintained it with “Buy” rating and $210 target in Tuesday, October 27 report. The company was upgraded on Wednesday, January 18 by Avondale. The company was maintained on Tuesday, October 24 by Needham. Raymond James downgraded the shares of MCK in report on Tuesday, January 12 to “Mkt Perform” rating. Jefferies maintained McKesson Corporation (NYSE:MCK) on Wednesday, October 18 with “Hold” rating. Cowen & Co upgraded the shares of MCK in report on Tuesday, October 10 to “Outperform” rating. The stock of McKesson Corporation (NYSE:MCK) has “Sell” rating given on Thursday, November 9 by Credit Suisse. The firm earned “Buy” rating on Friday, July 31 by S&P Research. Mizuho maintained it with “Neutral” rating and $183 target in Monday, September 26 report.

More notable recent McKesson Corporation (NYSE:MCK) news were published by: Seekingalpha.com which released: “McKesson – Deeply Undervalued” on April 19, 2018, also Streetinsider.com with their article: “Rite Aid (RAD)/Albertsons More Likely to Depart McKesson (MCK), a Positive for AmerisourceBergen (ABC) – RBC” published on May 15, 2018, Seekingalpha.com published: “McKesson To Acquire MSD For Medical Supply Distribution” on May 07, 2018. More interesting news about McKesson Corporation (NYSE:MCK) were released by: Seekingalpha.com and their article: “More states sue over opioid epidemic” published on May 16, 2018 as well as Streetinsider.com‘s news article titled: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” with publication date: May 15, 2018.

Since December 14, 2017, it had 0 buys, and 2 insider sales for $10.61 million activity. 1,413 McKesson Corporation (NYSE:MCK) shares with value of $211,071 were sold by Lampert Erin M. $10.40M worth of McKesson Corporation (NYSE:MCK) was sold by HAMMERGREN JOHN H on Thursday, December 14.

McKesson Corporation provides pharmaceuticals and medical supplies in the United States and internationally. The company has market cap of $31.16 billion. The firm operates in two divisions, McKesson Distribution Solutions and McKesson Technology Solutions. It has a 6.64 P/E ratio. The McKesson Distribution Solutions segment distributes branded and generic pharmaceutical drugs, and other healthcare-related products; and provides practice management, technology, clinical support, and business solutions to community oncology and other specialty practices.

Analysts await Norfolk Southern Corporation (NYSE:NSC) to report earnings on July, 25. They expect $2.23 earnings per share, up 30.41% or $0.52 from last year’s $1.71 per share. NSC’s profit will be $630.07 million for 17.09 P/E if the $2.23 EPS becomes a reality. After $1.93 actual earnings per share reported by Norfolk Southern Corporation for the previous quarter, Wall Street now forecasts 15.54% EPS growth.

Investors sentiment is 0.83 in 2017 Q4. Its the same as in 2017Q3. It has no change, as 35 investors sold NSC shares while 360 reduced holdings. only 80 funds opened positions while 249 raised stakes. 197.25 million shares or 2.25% less from 201.79 million shares in 2017Q3 were reported. Mufg Americas Holdings has invested 0.08% in Norfolk Southern Corporation (NYSE:NSC). Bahl & Gaynor Inc owns 8,814 shares. Obermeyer Wood Counsel Lllp invested 0.07% in Norfolk Southern Corporation (NYSE:NSC). Nbt State Bank N A New York holds 14,692 shares. Maryland reported 2,345 shares stake. Dodge Cox reported 3,997 shares or 0% of all its holdings. Cap One Natl Association reported 17,709 shares. Commerzbank Aktiengesellschaft Fi stated it has 3,305 shares or 0.01% of all its holdings. Dillon And Associate has invested 2.18% in Norfolk Southern Corporation (NYSE:NSC). Amf Pensionsforsakring Ab owns 234,212 shares. Country Club Communications Na invested in 5,353 shares. Meiji Yasuda Asset Ltd reported 0.07% stake. Bancorporation Of Mellon Corporation has invested 0.09% in Norfolk Southern Corporation (NYSE:NSC). The Virginia-based Davenport & Lc has invested 0.19% in Norfolk Southern Corporation (NYSE:NSC). Waters Parkerson And Company Ltd Limited Liability Company holds 120,347 shares or 1.47% of its portfolio.

Since February 1, 2018, it had 0 insider purchases, and 7 insider sales for $3.77 million activity. Another trade for 1,000 shares valued at $142,896 was sold by Hurlbut Thomas E. $994,340 worth of stock was sold by Earhart Cynthia C on Thursday, May 10. Another trade for 10,000 shares valued at $1.50 million was made by Squires James A on Thursday, February 1. Wheeler Michael Joseph sold 1,699 shares worth $244,011.

Among 31 analysts covering Norfolk Southern Corp. (NYSE:NSC), 8 have Buy rating, 5 Sell and 18 Hold. Therefore 26% are positive. Norfolk Southern Corp. has $192 highest and $74 lowest target. $140.68’s average target is -7.74% below currents $152.48 stock price. Norfolk Southern Corp. had 107 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Hold” rating by BMO Capital Markets given on Thursday, November 30. The firm has “Sell” rating given on Thursday, March 15 by Loop Capital. The firm has “Underweight” rating given on Thursday, October 26 by Morgan Stanley. The stock has “Hold” rating by Robert W. Baird on Thursday, January 25. The rating was maintained by UBS with “Neutral” on Tuesday, July 28. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Sell” rating by RBC Capital Markets on Wednesday, October 25. Argus Research downgraded Norfolk Southern Corporation (NYSE:NSC) on Friday, July 31 to “Hold” rating. The stock of Norfolk Southern Corporation (NYSE:NSC) has “Neutral” rating given on Wednesday, April 6 by Citigroup. The stock of Norfolk Southern Corporation (NYSE:NSC) has “Hold” rating given on Monday, September 11 by Stifel Nicolaus. The rating was maintained by Credit Suisse on Thursday, July 13 with “Buy”.

More important recent Norfolk Southern Corporation (NYSE:NSC) news were published by: Seekingalpha.com which released: “Is Norfolk Southern’s Q1 Performance Sustainable?” on May 14, 2018, also Seekingalpha.com published article titled: “Norfolk Southern Keeps Impressing”, Seekingalpha.com published: “Norfolk Southern (NSC) Q1 2018 Results – Earnings Call Transcript” on April 25, 2018. More interesting news about Norfolk Southern Corporation (NYSE:NSC) was released by: Investorplace.com and their article: “5 Stocks to Skyrocket on Record Memorial Day Travel” with publication date: May 16, 2018.

Norfolk Southern Corporation (NYSE:NSC) Institutional Positions Chart

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