McKesson (MCK) Reaches $154.92 After 6.00% Down Move; 10 Analysts Covering Kite Pharma (KITE)

September 12, 2017 - By Linda Rogers

The stock of McKesson Corporation (NYSE:MCK) is a huge mover today! About 1.07 million shares traded. McKesson Corporation (NYSE:MCK) has declined 15.45% since September 12, 2016 and is downtrending. It has underperformed by 32.15% the S&P500.The move comes after 6 months negative chart setup for the $32.57 billion company. It was reported on Sep, 12 by Barchart.com. We have $145.62 PT which if reached, will make NYSE:MCK worth $1.95 billion less.

Among 20 analysts covering Kite Pharma (NASDAQ:KITE), 10 have Buy rating, 0 Sell and 10 Hold. Therefore 50% are positive. Kite Pharma had 51 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Monday, June 26. The stock has “Underperform” rating by Wedbush on Tuesday, May 9. As per Tuesday, February 2, the company rating was initiated by RBC Capital Markets. The firm earned “Buy” rating on Thursday, June 8 by Jefferies. The stock of Kite Pharma Inc (NASDAQ:KITE) has “Buy” rating given on Tuesday, December 15 by Standpoint Research. FBR Capital initiated it with “Mkt Perform” rating and $64.0 target in Thursday, September 3 report. As per Tuesday, August 29, the company rating was upgraded by Wedbush. Roth Capital initiated it with “Buy” rating and $68 target in Wednesday, January 4 report. Guggenheim maintained the stock with “Buy” rating in Friday, August 14 report. The firm has “Buy” rating given on Wednesday, January 4 by TH Capital. See Kite Pharma Inc (NASDAQ:KITE) latest ratings:

28/08/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $180.0 Maintain
29/08/2017 Broker: Wedbush Old Rating: Underperform New Rating: Neutral Upgrade
29/08/2017 Broker: Canaccord Genuity Old Rating: Buy New Rating: Hold Downgrade
28/08/2017 Broker: Wells Fargo Rating: Hold New Target: $180.0
28/08/2017 Broker: SunTrust Old Rating: Buy New Rating: Hold Downgrade
28/08/2017 Broker: BTIG Research Rating: Hold Downgrade
16/08/2017 Broker: H.C. Wainwright Rating: Buy New Target: $155.0 Maintain
08/08/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $74.0000 Maintain
13/07/2017 Broker: Maxim Group Old Rating: Buy New Rating: Hold Downgrade
10/07/2017 Broker: Canaccord Genuity Rating: Buy New Target: $115.0000 Maintain

Investors sentiment decreased to 0.95 in Q4 2016. Its down 0.02, from 0.97 in 2016Q3. It worsened, as 140 investors sold McKesson Corporation shares while 331 reduced holdings. 90 funds opened positions while 232 raised stakes. 178.60 million shares or 5.89% less from 189.78 million shares in 2016Q3 were reported. New Mountain Vantage Advisers Limited Liability Corporation stated it has 219,080 shares or 1.97% of all its holdings. Tower Cap Ltd Co (Trc) stated it has 6,235 shares. 71,903 were accumulated by Burney Com. Hermes Invest Mngmt Ltd invested 0.9% of its portfolio in McKesson Corporation (NYSE:MCK). Private Asset Mgmt accumulated 0.05% or 1,968 shares. Loring Wolcott & Coolidge Fiduciary Advsr Ltd Liability Partnership Ma has invested 0% in McKesson Corporation (NYSE:MCK). Nationwide Fund Advsr stated it has 264,870 shares or 0.15% of all its holdings. Moreover, Liberty Mutual Asset Mngmt has 0.08% invested in McKesson Corporation (NYSE:MCK) for 16,155 shares. Cornerstone Capital Ltd Limited Liability Company holds 91,885 shares. Campbell Newman Asset Mgmt reported 2,882 shares. Paloma Prtn Mngmt holds 0.06% of its portfolio in McKesson Corporation (NYSE:MCK) for 45,347 shares. Inr Advisory Services Ltd Llc holds 0% in McKesson Corporation (NYSE:MCK) or 11 shares. 2,233 were reported by Gofen & Glossberg Limited Il. National Planning Corporation has 2,564 shares for 0.03% of their portfolio. Midas accumulated 1,895 shares or 0.13% of the stock.

Among 21 analysts covering McKesson Corporation (NYSE:MCK), 9 have Buy rating, 1 Sell and 11 Hold. Therefore 43% are positive. McKesson Corporation had 58 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Hold” rating by Needham given on Tuesday, April 4. Robert W. Baird downgraded McKesson Corporation (NYSE:MCK) rating on Friday, October 28. Robert W. Baird has “Neutral” rating and $164 target. JP Morgan downgraded the stock to “Neutral” rating in Thursday, January 5 report. RBC Capital Markets maintained McKesson Corporation (NYSE:MCK) rating on Tuesday, January 12. RBC Capital Markets has “Outperform” rating and $190.0 target. Avondale upgraded the stock to “Mkt Outperform” rating in Wednesday, January 18 report. Mizuho maintained McKesson Corporation (NYSE:MCK) rating on Monday, January 18. Mizuho has “Buy” rating and $193 target. Mizuho maintained McKesson Corporation (NYSE:MCK) on Tuesday, October 27 with “Buy” rating. The company was maintained on Tuesday, August 9 by JP Morgan. The stock of McKesson Corporation (NYSE:MCK) earned “Hold” rating by Deutsche Bank on Friday, October 28. The stock of McKesson Corporation (NYSE:MCK) has “Hold” rating given on Tuesday, August 29 by Jefferies.

Since March 28, 2017, it had 0 insider buys, and 5 insider sales for $24.77 million activity. Lampert Erin M sold $64,854 worth of McKesson Corporation (NYSE:MCK) on Saturday, May 27. Another trade for 100,500 shares valued at $15.12 million was made by HAMMERGREN JOHN H on Tuesday, March 28.

McKesson Corporation is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The company has market cap of $32.57 billion. The Firm operates through two divisions: McKesson Distribution Solutions and Technology Solutions. It has a 6.9 P/E ratio. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally.

Since March 27, 2017, it had 5 insider purchases, and 11 sales for $5.17 million activity. Another trade for 2,400 shares valued at $196,320 was sold by Kim Helen Susan. Another trade for 3,450 shares valued at $250,427 was bought by JENKINSON PAUL L. The insider Ruchefsky Steven B bought 1,400 shares worth $97,300. BUTITTA CYNTHIA M also sold $409,798 worth of Kite Pharma Inc (NASDAQ:KITE) shares. Belldegrun Arie bought 17,000 shares worth $1.17M. DOUMANI ROY sold $1.27M worth of Kite Pharma Inc (NASDAQ:KITE) on Wednesday, June 7. BONDERMAN DAVID also bought $3.45 million worth of Kite Pharma Inc (NASDAQ:KITE) shares.

About 1.55M shares traded. Kite Pharma Inc (NASDAQ:KITE) has risen 55.47% since September 12, 2016 and is uptrending. It has outperformed by 38.77% the S&P500.

Kite Pharma, Inc. is a clinical-stage biopharmaceutical company. The company has market cap of $10.21 billion. The Firm is focused on the development and commercialization of cancer immunotherapy products to target and kill cancer cells. It currently has negative earnings. The Firm offers engineered autologous cell therapy, which is an approach to the treatment of cancer.

Investors sentiment decreased to 1.24 in Q4 2016. Its down 0.21, from 1.45 in 2016Q3. It turned negative, as 34 investors sold Kite Pharma Inc shares while 43 reduced holdings. 30 funds opened positions while 71 raised stakes. 43.05 million shares or 17.06% more from 36.77 million shares in 2016Q3 were reported. Fortaleza Asset Mngmt accumulated 2,070 shares or 0.2% of the stock. Guggenheim Limited Liability Com reported 60,720 shares stake. Prudential Fincl reported 54,940 shares stake. Bainco Interest stated it has 8.77% in Kite Pharma Inc (NASDAQ:KITE). Pacad Investment Ltd accumulated 6,000 shares or 0.03% of the stock. Fmr Lc reported 903,573 shares. Vanguard Group Inc Inc invested in 3.15M shares or 0.01% of the stock. Sphera Funds Mngmt Ltd reported 0.57% in Kite Pharma Inc (NASDAQ:KITE). Essex Co Ltd Liability Com has invested 0.49% of its portfolio in Kite Pharma Inc (NASDAQ:KITE). Gam Ag holds 36,800 shares. Capital Guardian accumulated 463,700 shares. Raymond James & Assoc owns 12,279 shares. Waddell Reed Fincl has invested 0.07% in Kite Pharma Inc (NASDAQ:KITE). Century Companies Incorporated has invested 0.03% in Kite Pharma Inc (NASDAQ:KITE). 13,207 were reported by Creative Planning.

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