Mckesson (MCK) Share Price Declined While Tpg-Axon Management LP Has Lowered Holding by $3.21 Million; Telos Capital Management Has Cut Its Stake in At&T (T) by $2.13 Million

AT&T Inc. (NYSE:T) Logo

Tpg-Axon Management Lp decreased its stake in Mckesson Corp (MCK) by 54.67% based on its latest 2018Q4 regulatory filing with the SEC. Tpg-Axon Management Lp sold 29,200 shares as the company’s stock declined 5.55% while stock markets rallied. The hedge fund held 24,212 shares of the other pharmaceuticals company at the end of 2018Q4, valued at $2.68 million, down from 53,412 at the end of the previous reported quarter. Tpg-Axon Management Lp who had been investing in Mckesson Corp for a number of months, seems to be less bullish one the $22.88B market cap company. The stock increased 1.31% or $1.54 during the last trading session, reaching $119.26. About 2.30 million shares traded or 31.39% up from the average. McKesson Corporation (NYSE:MCK) has declined 18.04% since March 17, 2018 and is downtrending. It has underperformed by 22.41% the S&P500. Some Historical MCK News: 25/04/2018 – MCKESSON CORP – SIGNED A DEFINITIVE AGREEMENT TO ACQUIRE MEDICAL SPECIALTIES DISTRIBUTORS IN DEAL VALUED AT $800 MLN; 24/04/2018 – McKesson and PrescribeWellness Announce Five-Year Partnership to Provide VaccineComplete and Expanded Access to Collaborative Practice Agreements; 25/04/2018 – MCK TO BUY MEDICAL SPECIALTIES DISTRIBUTORS, DEAL VALUED $800M; 25/04/2018 – MCKESSON REAFFIRMS FISCAL 2018 OUTLOOK; 24/04/2018 – PolarityTE Announces Appointment of McKesson’s Willie Bogan to Bd of Directors; 29/05/2018 – MCKESSON’S BIOLOGICS INC. IN DISTRIBUTION NETWORK FOR TAVALISSE; 25/04/2018 – MCKESSON CORP MCK.N REAFFIRMS FY 2018 ADJUSTED SHR VIEW $12.50 TO $12.80; 25/04/2018 – STAT Plus: McKesson board exonerates execs from opioid crisis, but the Teamsters cry foul; 15/05/2018 – Florida Also Suing Painkiller Distributors AmerisourceBergen, Cardinal Health and McKesson Corp; 24/05/2018 – McKesson Sees FY Adj EPS $13.00-Adj EPS $13.80

Telos Capital Management Inc decreased its stake in At&T Inc (T) by 66.34% based on its latest 2018Q4 regulatory filing with the SEC. Telos Capital Management Inc sold 76,134 shares as the company’s stock declined 2.47% while stock markets rallied. The institutional investor held 38,631 shares of the telecommunications equipment company at the end of 2018Q4, valued at $1.10 million, down from 114,765 at the end of the previous reported quarter. Telos Capital Management Inc who had been investing in At&T Inc for a number of months, seems to be less bullish one the $223.42B market cap company. The stock increased 1.29% or $0.39 during the last trading session, reaching $30.67. About 53.36 million shares traded or 45.76% up from the average. AT&T Inc. (NYSE:T) has declined 16.72% since March 17, 2018 and is downtrending. It has underperformed by 21.09% the S&P500. Some Historical T News: 28/03/2018 – Turner CEO Martin to Testify in AT&T Antitrust Trial (Correct); 30/04/2018 – ANTITRUST CHIEF SAYS AT&T’S TIME WARNER DEAL MIGHT BE ALLOWED; 15/05/2018 – AT&T INC – FOLLOWING TIME WARNER DEAL CLOSE, PLANS TO INTRODUCE WATCHTV, A PACKAGE WITHOUT LOCAL PROGRAMMING OR SPORTS-ONLY CHANNELS; 10/03/2018 – AT&T, Justice Department Clash Over Merits of Time Warner Deal; 15/03/2018 – TRIAL TO DETERMINE IF AT&T T.N PURCHASE OF TIME WARNER TWX.N IS LEGAL UNDER ANTITRUST LAW TO BE DELAYED TWO DAYS BECAUSE OF JUDGE’S SCHEDULE; 18/04/2018 – AT&T CEO Randall Stephenson Prepares for the Show of a Lifetime; 08/03/2018 – Charles Gasparino: #BreakingNews Sources tell me that DOJ and AT&T are scheduled to release trial briefs on Friday as part of; 15/05/2018 – AT&T INC – IS HOPEFUL CO CAN RETURN TO WIRELESS SERVICE REVENUE GROWTH ON A COMPARABLE BASIS IN SECOND HALF OF 2018; 05/03/2018 – Moody’s Sees Tax Law Boosting AT&T’s Operating Cash Flow by About $3 Billion; 06/04/2018 – AT&T INC – CASH OFFERS EXPIRED AT 5:00 P.M., NEW YORK CITY TIME, ON APRIL 5, 2018

Investors sentiment increased to 0.74 in Q4 2018. Its up 0.03, from 0.71 in 2018Q3. It is positive, as 51 investors sold MCK shares while 289 reduced holdings. 76 funds opened positions while 174 raised stakes. 169.00 million shares or 3.93% more from 162.62 million shares in 2018Q3 were reported. Gideon Advsrs invested in 3,285 shares. New York-based Tompkins Fincl Corp has invested 0.02% in McKesson Corporation (NYSE:MCK). Ruffer Llp invested in 637,469 shares. Mirae Asset Global Invests Ltd invested in 0% or 4,795 shares. City Holding, a West Virginia-based fund reported 400 shares. Neumann Capital Management Ltd invested 0.42% in McKesson Corporation (NYSE:MCK). Beacon Fin holds 8,315 shares or 0.17% of its portfolio. Violich Capital has invested 0.23% in McKesson Corporation (NYSE:MCK). Veritable Limited Partnership invested 0.01% of its portfolio in McKesson Corporation (NYSE:MCK). Sivik Healthcare Limited Liability reported 15,000 shares or 0.89% of all its holdings. Toronto Dominion Bancorporation invested 0.03% of its portfolio in McKesson Corporation (NYSE:MCK). The Illinois-based Optimum Inv Advsrs has invested 0.09% in McKesson Corporation (NYSE:MCK). Asset Mgmt holds 0.09% in McKesson Corporation (NYSE:MCK) or 13,809 shares. Sol Cap Management invested in 2,570 shares. Calamos Advsr Limited Liability Company accumulated 42,374 shares.

More important recent McKesson Corporation (NYSE:MCK) news were published by: Seekingalpha.com which released: “Change Healthcare on deck for IPO – Seeking Alpha” on March 17, 2019, also Seekingalpha.com published article titled: “McKesson: Homing In On A Bottom – Seeking Alpha”, Seekingalpha.com published: “Why We Will Continue To Hold McKesson – Seeking Alpha” on January 16, 2019. More interesting news about McKesson Corporation (NYSE:MCK) was released by: Seekingalpha.com and their article: “Broyhill Asset Management – McKesson Corporation – Seeking Alpha” with publication date: March 13, 2019.

Since January 16, 2019, it had 0 insider buys, and 1 insider sale for $946,792 activity.

Analysts await McKesson Corporation (NYSE:MCK) to report earnings on May, 23. They expect $3.68 earnings per share, up 5.44% or $0.19 from last year’s $3.49 per share. MCK’s profit will be $705.91M for 8.10 P/E if the $3.68 EPS becomes a reality. After $3.40 actual earnings per share reported by McKesson Corporation for the previous quarter, Wall Street now forecasts 8.24% EPS growth.

Tpg-Axon Management Lp, which manages about $5.78 billion and $43.25 million US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 10,200 shares to 50,500 shares, valued at $6.62 million in 2018Q4, according to the filing.

Investors sentiment decreased to 0.74 in 2018 Q4. Its down 0.26, from 1 in 2018Q3. It fall, as 94 investors sold T shares while 763 reduced holdings. 137 funds opened positions while 498 raised stakes. 3.65 billion shares or 3.69% more from 3.52 billion shares in 2018Q3 were reported. 6,255 were reported by Tortoise Invest Mngmt Ltd. Fiera Capital Corp reported 49,110 shares or 0.01% of all its holdings. Wafra Inc holds 1.53% or 1.37M shares. 118,770 were accumulated by Bessemer. Cibc Bank Usa invested in 0.21% or 45,237 shares. Private Trust Na holds 0.83% or 122,176 shares. Mercer Capital Advisers Inc holds 28,957 shares. 135,106 were reported by Everence Capital Mngmt. Fisher Asset Mgmt Limited reported 84,261 shares. Texas Permanent School Fund invested in 0.74% or 1.46 million shares. Cornerstone Invest Prtn Limited Company, a Georgia-based fund reported 20,848 shares. Citadel Advsrs Lc invested 0.24% of its portfolio in AT&T Inc. (NYSE:T). Hillsdale Invest Mgmt Incorporated reported 50 shares. Norman Fields Gottscho Capital Management Ltd Liability holds 0.28% or 16,885 shares. Aristotle Cap Management Lc accumulated 8,897 shares.

More notable recent AT&T Inc. (NYSE:T) news were published by: Seekingalpha.com which released: “WarnerMedia probing Warner Bros. chief over alleged impropriety – Seeking Alpha” on March 06, 2019, also Seekingalpha.com with their article: “AT&T: The Time Is Now – Seeking Alpha” published on March 05, 2019, Seekingalpha.com published: “AT&T: Two New Revenue Streams – Seeking Alpha” on March 07, 2019. More interesting news about AT&T Inc. (NYSE:T) were released by: Seekingalpha.com and their article: “Will AT&T Be The Next Kraft Heinz? – Seeking Alpha” published on February 25, 2019 as well as Seekingalpha.com‘s news article titled: “Warner chief Tsujihara apologizes amid company probe – Seeking Alpha” with publication date: March 08, 2019.

Analysts await AT&T Inc. (NYSE:T) to report earnings on April, 24. They expect $0.86 earnings per share, up 1.18% or $0.01 from last year’s $0.85 per share. T’s profit will be $6.26 billion for 8.92 P/E if the $0.86 EPS becomes a reality. After $0.86 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Telos Capital Management Inc, which manages about $270.47M and $270.23M US Long portfolio, upped its stake in Vanguard Whitehall Fds Inc (VYM) by 6,247 shares to 43,454 shares, valued at $3.39 million in 2018Q4, according to the filing. It also increased its holding in Comcast Corp New (NASDAQ:CMCSA) by 48,790 shares in the quarter, for a total of 55,970 shares, and has risen its stake in Verizon Communications Inc (NYSE:VZ).

McKesson Corporation (NYSE:MCK) Institutional Positions Chart