Expeditors Intl Wash (EXPD) Shareholder Weiss Multi-Strategy Advisers Has Lowered Its Position; Butensky & Cohen Financial Security Holding in Mckesson Com (MCK) Has Upped as Share Price Declined

May 16, 2018 - By Hazel Jackson

McKesson Corporation (NYSE:MCK) Logo

Weiss Multi-Strategy Advisers Llc decreased its stake in Expeditors Intl Wash (EXPD) by 60% based on its latest 2017Q4 regulatory filing with the SEC. Weiss Multi-Strategy Advisers Llc sold 27,000 shares as the company’s stock declined 4.85% with the market. The hedge fund held 18,000 shares of the transportation company at the end of 2017Q4, valued at $1.16M, down from 45,000 at the end of the previous reported quarter. Weiss Multi-Strategy Advisers Llc who had been investing in Expeditors Intl Wash for a number of months, seems to be less bullish one the $12.58B market cap company. The stock decreased 0.26% or $0.19 during the last trading session, reaching $72.03. About 1.19M shares traded. Expeditors International of Washington, Inc. (NASDAQ:EXPD) has risen 10.79% since May 16, 2017 and is uptrending. It has underperformed by 0.76% the S&P500.

Butensky & Cohen Financial Security Inc increased its stake in Mckesson Corp Com (MCK) by 38.81% based on its latest 2017Q4 regulatory filing with the SEC. Butensky & Cohen Financial Security Inc bought 2,615 shares as the company’s stock declined 12.43% with the market. The institutional investor held 9,353 shares of the other pharmaceuticals company at the end of 2017Q4, valued at $1.46M, up from 6,738 at the end of the previous reported quarter. Butensky & Cohen Financial Security Inc who had been investing in Mckesson Corp Com for a number of months, seems to be bullish on the $30.87 billion market cap company. The stock decreased 0.95% or $1.43 during the last trading session, reaching $149.59. About 910,728 shares traded. McKesson Corporation (NYSE:MCK) has declined 6.57% since May 16, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

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, Seekingalpha.com published: “McKesson – Deeply Undervalued” on April 19, 2018. More interesting news about McKesson Corporation (NYSE:MCK) were released by: Streetinsider.com and their article: “Rite Aid (RAD)/Albertsons More Likely to Depart McKesson (MCK), a Positive for AmerisourceBergen (ABC) – RBC” published on May 15, 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 insider buys, and 2 selling transactions for $10.61 million activity. Lampert Erin M sold $211,071 worth of stock or 1,413 shares.

Investors sentiment decreased to 0.79 in 2017 Q4. Its down 0.09, from 0.88 in 2017Q3. It fall, 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. Jacobs Levy Equity Mgmt stated it has 0.49% of its portfolio in McKesson Corporation (NYSE:MCK). Butensky Cohen Fin Security stated it has 9,353 shares. Deutsche National Bank & Trust Ag accumulated 1.62M shares or 0.16% of the stock. Bridgewater Assoc Lp accumulated 48,153 shares. Virtu Financial Ltd Liability Corp holds 0.08% or 9,854 shares. Hartford Financial Inc accumulated 96 shares. Huntington Savings Bank has 8,719 shares. Wesbanco Bank & Trust has 0.27% invested in McKesson Corporation (NYSE:MCK). Rudman Errol M owns 20,000 shares or 1.51% of their US portfolio. Ledyard Bancorporation holds 1,815 shares. Moreover, Natl Bank Hapoalim Bm has 0.01% invested in McKesson Corporation (NYSE:MCK) for 310 shares. 1,435 are held by Trustmark Savings Bank Tru Department. Lipe Dalton has 12,280 shares. Hexavest holds 0.77% in McKesson Corporation (NYSE:MCK) or 430,828 shares. State Common Retirement Fund has invested 0.14% in McKesson Corporation (NYSE:MCK).

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. Raymond James downgraded the stock to “Outperform” rating in Wednesday, January 6 report. The firm has “Hold” rating by Needham given on Tuesday, April 4. The stock of McKesson Corporation (NYSE:MCK) earned “Hold” rating by Mizuho on Thursday, February 1. The stock of McKesson Corporation (NYSE:MCK) earned “Mkt Perform” rating by Leerink Swann on Friday, October 28. The stock of McKesson Corporation (NYSE:MCK) has “Hold” rating given on Tuesday, May 30 by Mizuho. The rating was upgraded by Standpoint Research to “Buy” on Friday, October 28. On Wednesday, August 26 the stock rating was upgraded by Zacks to “Hold”. On Thursday, July 30 the stock rating was maintained by FBR Capital with “Outperform”. The firm has “Buy” rating given on Friday, July 31 by S&P Research. As per Tuesday, October 24, the company rating was maintained by Mizuho.

Among 15 analysts covering Expeditors International of Washington (NASDAQ:EXPD), 3 have Buy rating, 2 Sell and 10 Hold. Therefore 20% are positive. Expeditors International of Washington had 49 analyst reports since August 11, 2015 according to SRatingsIntel. Barclays Capital maintained Expeditors International of Washington, Inc. (NASDAQ:EXPD) rating on Monday, October 5. Barclays Capital has “Equal-Weight” rating and $51 target. The stock of Expeditors International of Washington, Inc. (NASDAQ:EXPD) has “Underperform” rating given on Wednesday, May 9 by Credit Suisse. The rating was maintained by Barclays Capital on Monday, October 2 with “Overweight”. On Friday, March 18 the stock rating was initiated by Cowen & Co with “Market Perform”. Cowen & Co maintained Expeditors International of Washington, Inc. (NASDAQ:EXPD) rating on Wednesday, November 8. Cowen & Co has “Hold” rating and $58.0 target. On Monday, September 11 the stock rating was maintained by Cowen & Co with “Hold”. Buckingham Research downgraded the stock to “Neutral” rating in Wednesday, November 4 report. The company was maintained on Wednesday, February 21 by Stifel Nicolaus. Evercore initiated the shares of EXPD in report on Wednesday, August 19 with “Hold” rating. Stifel Nicolaus maintained Expeditors International of Washington, Inc. (NASDAQ:EXPD) rating on Wednesday, May 9. Stifel Nicolaus has “Hold” rating and $72 target.

Analysts await Expeditors International of Washington, Inc. (NASDAQ:EXPD) to report earnings on August, 14. They expect $0.74 earnings per share, up 23.33% or $0.14 from last year’s $0.6 per share. EXPD’s profit will be $129.26 million for 24.33 P/E if the $0.74 EPS becomes a reality. After $0.76 actual earnings per share reported by Expeditors International of Washington, Inc. for the previous quarter, Wall Street now forecasts -2.63% negative EPS growth.

Weiss Multi-Strategy Advisers Llc, which manages about $7.01B and $3.90B US Long portfolio, upped its stake in Weingarten Realty Investors (NYSE:WRI) by 152,019 shares to 525,628 shares, valued at $17.28 million in 2017Q4, according to the filing. It also increased its holding in Cyberark Software Ltd/Israel (NASDAQ:CYBR) by 16,500 shares in the quarter, for a total of 46,500 shares, and has risen its stake in Public Service Enter (NYSE:PEG).

More recent Expeditors International of Washington, Inc. (NASDAQ:EXPD) news were published by: Streetinsider.com which released: “Expeditors Int’l (EXPD) PT Raised to $72 at Stifel” on May 09, 2018. Also Nasdaq.com published the news titled: “Expeditors Reports First Quarter 2018 EPS of $0.76” on May 08, 2018. Seekingalpha.com‘s news article titled: “Diligent Dividends: The Expeditors International Story” with publication date: April 18, 2018 was also an interesting one.

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.12, from 1.04 in 2017Q3. It dropped, as 18 investors sold EXPD shares while 192 reduced holdings. 66 funds opened positions while 127 raised stakes. 154.06 million shares or 4.24% less from 160.89 million shares in 2017Q3 were reported. Verition Fund invested 0.04% in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Cwm Ltd Liability, a Nebraska-based fund reported 522,493 shares. Gotham Asset Mngmt Ltd Com invested in 180,770 shares or 0.17% of the stock. Moreover, Bluecrest Cap Mngmt has 0.06% invested in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 34,912 shares. Gam Hldgs Ag holds 60,103 shares. Manufacturers Life Insurance The holds 0.01% or 196,273 shares in its portfolio. First Interstate Bank & Trust reported 0.14% stake. Of Vermont reported 0.01% in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Gateway Invest Advisers Limited Liability owns 0.01% invested in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 9,565 shares. Diversified Inv Strategies Lc has invested 1.37% in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Voloridge Investment Limited Liability Co accumulated 20,437 shares or 0.03% of the stock. Ameritas Investment Prtn Incorporated stated it has 9,463 shares or 0.03% of all its holdings. Jnba Financial Advsrs has invested 0.01% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD). 9,654 were accumulated by Pub Sector Pension Invest Board. Moreover, Farmers Merchants Investments has 0.26% invested in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 55,848 shares.

McKesson Corporation (NYSE:MCK) Institutional Positions Chart

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