Great Lakes Advisors Has Increased Its Stake in Mckesson (MCK) as Shares Rose; As Visa (V) Shares Rose, Shareholder Bluespruce Investments LP Decreased Stake by $5.16 Million

February 15, 2018 - By Vivian Currie

Bluespruce Investments Lp decreased its stake in Visa Inc (V) by 9.58% based on its latest 2017Q3 regulatory filing with the SEC. Bluespruce Investments Lp sold 49,156 shares as the company’s stock rose 5.74% with the market. The hedge fund held 464,009 shares of the business services company at the end of 2017Q3, valued at $48.83M, down from 513,165 at the end of the previous reported quarter. Bluespruce Investments Lp who had been investing in Visa Inc for a number of months, seems to be less bullish one the $272.70 billion market cap company. The stock increased 2.10% or $2.48 during the last trading session, reaching $120.83. About 9.21M shares traded or 4.35% up from the average. Visa Inc. (NYSE:V) has risen 20.29% since February 15, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Great Lakes Advisors Llc increased its stake in Mckesson Corp (MCK) by 118.29% based on its latest 2017Q3 regulatory filing with the SEC. Great Lakes Advisors Llc bought 169,802 shares as the company’s stock rose 1.84% with the market. The institutional investor held 313,354 shares of the other pharmaceuticals company at the end of 2017Q3, valued at $48.13M, up from 143,552 at the end of the previous reported quarter. Great Lakes Advisors Llc who had been investing in Mckesson Corp for a number of months, seems to be bullish on the $30.70B market cap company. The stock increased 1.77% or $2.59 during the last trading session, reaching $148.77. About 1.88M shares traded. McKesson Corporation (NYSE:MCK) has declined 15.45% since February 15, 2017 and is downtrending. It has underperformed by 32.15% the S&P500.

Great Lakes Advisors Llc, which manages about $5.40B and $4.25 billion US Long portfolio, decreased its stake in Honeywell Intl Inc (NYSE:HON) by 6,234 shares to 26,260 shares, valued at $3.72M in 2017Q3, according to the filing. It also reduced its holding in Leucadia Natl Corp (NYSE:LUK) by 53,484 shares in the quarter, leaving it with 241,791 shares, and cut its stake in Disney Walt Co (NYSE:DIS).

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.07, from 0.95 in 2017Q2. It is negative, 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. Ironwood Counsel Limited Liability Corporation invested in 1.15% or 18,551 shares. Moreover, Amica Retiree Tru has 0.34% invested in McKesson Corporation (NYSE:MCK) for 2,808 shares. Alpine Woods Cap Invsts Ltd Llc, a New York-based fund reported 58,400 shares. Comerica Comml Bank has invested 0.05% in McKesson Corporation (NYSE:MCK). Amica Mutual holds 0.33% in McKesson Corporation (NYSE:MCK) or 23,857 shares. Financial Architects owns 0.02% invested in McKesson Corporation (NYSE:MCK) for 70 shares. Endurant Cap Management Lp holds 2.13% of its portfolio in McKesson Corporation (NYSE:MCK) for 45,800 shares. Bryn Mawr Tru invested in 0.01% or 1,304 shares. North Carolina-based Willingdon Wealth Mgmt has invested 0.03% in McKesson Corporation (NYSE:MCK). Moreover, Brandes Investment Prtnrs Limited Partnership has 2.21% invested in McKesson Corporation (NYSE:MCK) for 730,251 shares. 27,895 are owned by Catawba Cap Mngmt Va. Sigma Planning Corp invested in 1,649 shares or 0.02% of the stock. Ballentine Prtn Ltd holds 0.01% in McKesson Corporation (NYSE:MCK) or 1,331 shares. Lingohr And Partner Asset Mngmt Gmbh holds 14,704 shares or 1.01% of its portfolio. 1.76M were reported by Wells Fargo And Com Mn.

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 rating was maintained by FBR Capital with “Outperform” on Thursday, July 30. On Friday, October 28 the stock rating was downgraded by Leerink Swann to “Mkt Perform”. The stock of McKesson Corporation (NYSE:MCK) has “Buy” rating given on Wednesday, November 9 by Mizuho. RBC Capital Markets maintained it with “Outperform” rating and $190.0 target in Tuesday, January 12 report. As per Thursday, January 5, the company rating was downgraded by JP Morgan. Cowen & Co upgraded McKesson Corporation (NYSE:MCK) on Tuesday, October 10 to “Outperform” rating. The company was maintained on Friday, February 2 by Needham. Needham maintained McKesson Corporation (NYSE:MCK) on Wednesday, November 1 with “Buy” rating. The stock has “Buy” rating by Standpoint Research on Friday, October 28. The stock has “Hold” rating by Mizuho on Tuesday, May 30.

Since August 21, 2017, it had 0 buys, and 6 sales for $121.83 million activity. Shares for $140,089 were sold by Lampert Erin M on Thursday, September 7. On Monday, August 21 the insider JACOBS M CHRISTINE sold $157,500.

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 125 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Keefe Bruyette & Woods on Tuesday, December 8. The firm has “Buy” rating by Bank of America given on Thursday, December 15. The stock has “Buy” rating by RBC Capital Markets on Thursday, January 4. Morgan Stanley maintained Visa Inc. (NYSE:V) rating on Friday, October 20. Morgan Stanley has “Overweight” rating and $125 target. RBC Capital Markets maintained it with “Buy” rating and $11100 target in Thursday, July 20 report. The stock of Visa Inc. (NYSE:V) earned “Overweight” rating by JP Morgan on Friday, August 14. On Friday, July 24 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was maintained by Oppenheimer with “Outperform” on Thursday, January 25. The company was maintained on Tuesday, October 25 by UBS. The stock of Visa Inc. (NYSE:V) earned “Outperform” rating by RBC Capital Markets on Friday, April 21.

Bluespruce Investments Lp, which manages about $352.80M and $530.54 million US Long portfolio, upped its stake in Starbucks Corp (NASDAQ:SBUX) by 155,230 shares to 867,279 shares, valued at $46.58 million in 2017Q3, according to the filing. It also increased its holding in Comcast Corp (NASDAQ:CMCSA) by 248,843 shares in the quarter, for a total of 985,099 shares, and has risen its stake in Mohawk Industries Inc (NYSE:MHK).

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