Hcp (HCP) Shareholder National Pension Service Boosted Position; As Mckesson (MCK) Share Price Declined, Healthinvest Partners Ab Has Cut by $7.87 Million Its Holding

May 22, 2018 - By Adrian Mccoy

HCP, Inc. (NYSE:HCP) Logo

National Pension Service increased its stake in Hcp Inc (HCP) by 14.52% based on its latest 2017Q4 regulatory filing with the SEC. National Pension Service bought 70,261 shares as the company’s stock declined 11.22% with the market. The institutional investor held 554,076 shares of the consumer services company at the end of 2017Q4, valued at $14.45 million, up from 483,815 at the end of the previous reported quarter. National Pension Service who had been investing in Hcp Inc for a number of months, seems to be bullish on the $11.02 billion market cap company. The stock increased 0.48% or $0.11 during the last trading session, reaching $23.13. About 2.84 million shares traded. HCP, Inc. (NYSE:HCP) has declined 25.98% since May 22, 2017 and is downtrending. It has underperformed by 37.53% the S&P500.

Anders Hallberg decreased its stake in Mckesson Corp (MCK) by 74.05% based on its latest 2017Q4 regulatory filing with the SEC. Healthinvest Partners Ab sold 50,800 shares as the company’s stock declined 12.43% with the market. The hedge fund run by Anders Hallberg held 17,800 shares of the other pharmaceuticals company at the end of 2017Q4, valued at $2.78M, down from 68,600 at the end of the previous reported quarter. Healthinvest Partners Ab who had been investing in Mckesson Corp for a number of months, seems to be less bullish one the $30.23B market cap company. The stock decreased 1.63% or $2.42 during the last trading session, reaching $146.5. About 1.53 million shares traded. McKesson Corporation (NYSE:MCK) has declined 6.57% since May 22, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

National Pension Service, which manages about $20.03B US Long portfolio, decreased its stake in State Str Corp (NYSE:STT) by 8,171 shares to 344,064 shares, valued at $33.58 million in 2017Q4, according to the filing. It also reduced its holding in International Flavors&Fragra (NYSE:IFF) by 1,999 shares in the quarter, leaving it with 88,586 shares, and cut its stake in S&P Global Inc.

Since February 13, 2018, it had 2 buys, and 0 selling transactions for $808,919 activity. Shares for $306,739 were bought by Young Kendall K.

More notable recent HCP, Inc. (NYSE:HCP) news were published by: Globenewswire.com which released: “Report: Developing Opportunities within El Pollo Loco, Chemed, Novo Nordisk A/S, FactSet Research, Fair Isaac, and …” on May 22, 2018, also Benzinga.com with their article: “Raymond James Picks Welltower, Sabra Health In Underweighted Health Care REIT Sector” published on May 21, 2018, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Applied Materials, Campbell Soup, Ceridien HCM, Dillard’s, Energizer …” on May 21, 2018. More interesting news about HCP, Inc. (NYSE:HCP) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 21, 2018” published on May 21, 2018 as well as Bizjournals.com‘s news article titled: “‘Bursting at the seams,’ this high-profile Peninsula biotech company is moving to a bigger home” with publication date: May 21, 2018.

Among 21 analysts covering HCP (NYSE:HCP), 5 have Buy rating, 2 Sell and 14 Hold. Therefore 24% are positive. HCP had 80 analyst reports since September 8, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Monday, June 12. BMO Capital Markets maintained HCP, Inc. (NYSE:HCP) rating on Monday, September 4. BMO Capital Markets has “Hold” rating and $32.0 target. Evercore maintained the shares of HCP in report on Tuesday, September 8 with “Hold” rating. As per Monday, July 24, the company rating was maintained by Jefferies. The company was upgraded on Monday, April 3 by Bank of America. The firm has “Hold” rating given on Friday, September 15 by KeyBanc Capital Markets. As per Thursday, February 15, the company rating was maintained by Robert W. Baird. The firm has “Hold” rating by RBC Capital Markets given on Monday, September 11. The rating was maintained by RBC Capital Markets on Tuesday, May 30 with “Hold”. The stock has “Hold” rating by RBC Capital Markets on Monday, August 7.

Investors sentiment increased to 0.89 in 2017 Q4. Its up 0.04, from 0.85 in 2017Q3. It is positive, as 59 investors sold HCP shares while 174 reduced holdings. 51 funds opened positions while 156 raised stakes. 401.93 million shares or 2.30% less from 411.39 million shares in 2017Q3 were reported. Bancorporation Of America De holds 2.21M shares or 0.01% of its portfolio. Moreover, First Advisors LP has 0.03% invested in HCP, Inc. (NYSE:HCP). 2.86 million are owned by Ubs Asset Mgmt Americas. Prelude Mngmt Lc holds 0.02% or 10,968 shares in its portfolio. Kemper Master Retirement Tru has 0.29% invested in HCP, Inc. (NYSE:HCP) for 19,450 shares. Bnp Paribas Asset stated it has 862,056 shares or 0.19% of all its holdings. Pub Employees Retirement Association Of Colorado reported 88,232 shares. Cwm Limited Com has invested 0.01% of its portfolio in HCP, Inc. (NYSE:HCP). Franklin Resource Inc stated it has 0.01% in HCP, Inc. (NYSE:HCP). Private Advisor Grp Limited Company holds 8,915 shares or 0.01% of its portfolio. Kings Point Management stated it has 7,535 shares. Boothbay Fund Mngmt Limited Company accumulated 28,002 shares or 0.11% of the stock. Ohio-based Fort Washington Investment Inc Oh has invested 0.01% in HCP, Inc. (NYSE:HCP). Alpine Woods Capital Invsts Limited Liability holds 16,887 shares. Schwab Charles Inv Mngmt stated it has 0.09% in HCP, Inc. (NYSE:HCP).

More notable recent McKesson Corporation (NYSE:MCK) news were published by: Seekingalpha.com which released: “McKesson launches growth initiative, sees non-GAAP EPS as high as $12.80” on April 25, 2018, also Seekingalpha.com with their article: “McKesson To Acquire MSD For Medical Supply Distribution” published on May 07, 2018, Seekingalpha.com published: “More states sue over opioid epidemic” on May 16, 2018. More interesting news about McKesson Corporation (NYSE:MCK) were released by: Seekingalpha.com and their article: “Tracking Seth Klarman’s Baupost Group Holdings – Q1 2018 Update” published on May 15, 2018 as well as Streetinsider.com‘s news article titled: “Rite Aid (RAD)/Albertsons More Likely to Depart McKesson (MCK), a Positive for AmerisourceBergen (ABC) – RBC” with publication date: May 15, 2018.

Since December 14, 2017, it had 0 insider buys, and 2 selling transactions for $10.61 million activity. The insider HAMMERGREN JOHN H sold $10.40M.

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. Leerink Swann downgraded the shares of MCK in report on Friday, October 28 to “Mkt Perform” rating. The rating was upgraded by Jefferies to “Buy” on Friday, July 28. The company was maintained on Wednesday, January 17 by Robert W. Baird. As per Tuesday, June 7, the company rating was maintained by Mizuho. The rating was upgraded by Standpoint Research on Friday, October 28 to “Buy”. The rating was downgraded by Credit Suisse to “Underperform” on Wednesday, November 23. The stock has “Hold” rating by Jefferies on Wednesday, October 18. On Thursday, August 11 the stock rating was maintained by Mizuho with “Neutral”. As per Thursday, February 1, the company rating was maintained by Mizuho. The firm has “Buy” rating by Bank of America given on Wednesday, April 11.

Analysts await McKesson Corporation (NYSE:MCK) to report earnings on May, 24 before the open. They expect $3.54 earnings per share, up 4.42% or $0.15 from last year’s $3.39 per share. MCK’s profit will be $730.45 million for 10.35 P/E if the $3.54 EPS becomes a reality. After $3.41 actual earnings per share reported by McKesson Corporation for the previous quarter, Wall Street now forecasts 3.81% EPS growth.

Investors sentiment decreased to 0.79 in 2017 Q4. Its down 0.09, from 0.88 in 2017Q3. It dropped, 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. Carlson Cap reported 3,161 shares. Lowe Brockenbrough accumulated 0.67% or 30,096 shares. Conning reported 6,622 shares stake. 15,501 were reported by Altavista Wealth Mngmt Inc. City Holdings Company reported 400 shares. Tower Rech Capital Ltd Llc (Trc) holds 0.03% in McKesson Corporation (NYSE:MCK) or 1,496 shares. Benjamin F Edwards And Communications reported 0.04% of its portfolio in McKesson Corporation (NYSE:MCK). Mu Com invested 0.02% of its portfolio in McKesson Corporation (NYSE:MCK). Arizona State Retirement Sys, Arizona-based fund reported 52,820 shares. Cetera Advisor Ntwk Ltd Liability Co invested in 1,873 shares. 12,454 are owned by Cubist Systematic Strategies Ltd. Moreover, Piedmont Inv Limited Liability Company has 0.18% invested in McKesson Corporation (NYSE:MCK) for 56,995 shares. Segall Bryant And Hamill Limited Liability has invested 0.01% in McKesson Corporation (NYSE:MCK). Cwm Ltd Limited Liability Company, a Nebraska-based fund reported 105,607 shares. Catawba Mgmt Va stated it has 26,275 shares or 0.93% of all its holdings.

McKesson Corporation (NYSE:MCK) Institutional Positions Chart

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