Applied Materials (AMAT) Shares Rose While Meeder Asset Management Has Decreased Its Position by $436,356; Tpg-Axon Management LP Has Cut Its Mckesson (MCK) Stake by $6.01 Million

May 27, 2018 - By Dolores Ford

McKesson Corporation (NYSE:MCK) Logo

Tpg-Axon Management Lp decreased its stake in Mckesson Corp (MCK) by 45.27% based on its latest 2017Q4 regulatory filing with the SEC. Tpg-Axon Management Lp sold 38,800 shares as the company’s stock declined 12.43% with the market. The hedge fund held 46,912 shares of the other pharmaceuticals company at the end of 2017Q4, valued at $7.32 million, down from 85,712 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 $30.09B market cap company. The stock increased 1.24% or $1.78 during the last trading session, reaching $145.81. About 2.08 million shares traded or 20.22% up from the average. McKesson Corporation (NYSE:MCK) has declined 6.57% since May 27, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

Meeder Asset Management Inc decreased its stake in Applied Materials (AMAT) by 9.18% based on its latest 2017Q4 regulatory filing with the SEC. Meeder Asset Management Inc sold 8,556 shares as the company’s stock rose 6.49% while stock markets declined. The institutional investor held 84,639 shares of the technology company at the end of 2017Q4, valued at $4.33M, down from 93,195 at the end of the previous reported quarter. Meeder Asset Management Inc who had been investing in Applied Materials for a number of months, seems to be less bullish one the $53.43 billion market cap company. The stock increased 0.16% or $0.08 during the last trading session, reaching $50.85. About 10.55 million shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 42.67% since May 27, 2017 and is uptrending. It has outperformed by 31.12% the S&P500.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 25 have Buy rating, 0 Sell and 3 Hold. Therefore 89% are positive. Applied Materials Inc. had 124 analyst reports since August 4, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, May 18 report. The stock has “Overweight” rating by Pacific Crest on Tuesday, August 11. The firm has “Underperform” rating by RBC Capital Markets given on Monday, October 5. The firm has “Buy” rating by B. Riley & Co given on Monday, August 14. The firm has “Buy” rating by Nomura given on Friday, August 18. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, June 10 report. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Monday, October 26 by Nomura. On Friday, August 14 the stock rating was maintained by Cowen & Co with “Outperform”. Susquehanna maintained it with “Buy” rating and $73.0 target in Thursday, February 15 report. UBS upgraded the shares of AMAT in report on Thursday, April 14 to “Buy” rating.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Nasdaq.com which released: “Applied Materials, Inc. Stock Was Hammered by Earnings, Time to Profit” on May 21, 2018, also 247Wallst.com with their article: “Applied Materials Brings Havoc to Semiconductor Capital Equipment Space” published on May 18, 2018, Nasdaq.com published: “Applied Materials Delivers Strong Year-On-Year Growth in Quarterly Revenue and Earnings Per Share” on May 17, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Globenewswire.com and their article: “Applied Materials to Present at Upcoming Investor Conferences” published on May 18, 2018 as well as 247Wallst.com‘s news article titled: “Short Sellers Hike Bets in Major Semiconductors” with publication date: May 25, 2018.

Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.20, from 1.06 in 2017Q3. It worsened, as 52 investors sold AMAT shares while 367 reduced holdings. 113 funds opened positions while 249 raised stakes. 797.20 million shares or 1.72% less from 811.15 million shares in 2017Q3 were reported. Gp One Trading LP invested in 0.01% or 39,247 shares. Oppenheimer Asset Mngmt Inc reported 0.1% in Applied Materials, Inc. (NASDAQ:AMAT). Whitnell invested 0.11% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Park Natl Oh holds 12,797 shares. Appleton Prns Inc Ma accumulated 42,456 shares or 0.34% of the stock. 3,466 were reported by Nelson Van Denburg And Campbell Wealth Limited Co. Pnc Fincl Service Group owns 2.06M shares or 0.1% of their US portfolio. Seatown Hldgs Pte Limited stated it has 4.3% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Advisory Ser Network Ltd Liability Corp invested 0.16% in Applied Materials, Inc. (NASDAQ:AMAT). Moreover, Cetera Advisor Ltd Llc has 0.05% invested in Applied Materials, Inc. (NASDAQ:AMAT). Dupont accumulated 261,695 shares. Reilly Financial Advisors Ltd Llc invested in 2,992 shares. The Texas-based Dimensional Fund Ltd Partnership has invested 0.06% in Applied Materials, Inc. (NASDAQ:AMAT). 432,886 are owned by Stevens Mgmt L P. Baystate Wealth Management Limited Liability Company invested 0% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT).

Since December 29, 2017, it had 0 buys, and 4 insider sales for $10.41 million activity. 125,125 shares were sold by Salehpour Ali, worth $6.44M on Friday, December 29. Iannotti Thomas J sold 15,000 shares worth $922,050. 53,466 shares valued at $2.83M were sold by Nalamasu Omkaram on Tuesday, January 2.

Meeder Asset Management Inc, which manages about $3.85B and $1.18 billion US Long portfolio, upped its stake in Ishares Iboxx High (HYG) by 144,763 shares to 152,016 shares, valued at $13.27 million in 2017Q4, according to the filing. It also increased its holding in Accenture Plc (NYSE:ACN) by 8,409 shares in the quarter, for a total of 44,477 shares, and has risen its stake in First Cash Financial.

Since December 14, 2017, it had 0 insider buys, and 2 insider sales for $10.61 million activity. Lampert Erin M also sold $211,071 worth of McKesson Corporation (NYSE:MCK) on Thursday, March 1.

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. The rating was maintained by Needham on Monday, October 30 with “Buy”. The stock of McKesson Corporation (NYSE:MCK) earned “Buy” rating by Standpoint Research on Friday, October 28. The rating was downgraded by Cowen & Co on Tuesday, March 15 to “Market Perform”. On Wednesday, August 26 the stock rating was upgraded by Zacks to “Hold”. The firm has “Mkt Perform” rating by Raymond James given on Tuesday, January 12. Mizuho maintained McKesson Corporation (NYSE:MCK) rating on Thursday, August 11. Mizuho has “Neutral” rating and $197 target. The rating was maintained by Credit Suisse on Thursday, November 9 with “Sell”. The rating was maintained by Mizuho on Tuesday, October 27 with “Buy”. JP Morgan downgraded the shares of MCK in report on Thursday, January 5 to “Neutral” rating. The firm has “Buy” rating by Bank of America given on Wednesday, April 11.

More 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 published the news titled: “McKesson Corporation 2018 Q4 – Results – Earnings Call Slides” on May 25, 2018. Seekingalpha.com‘s news article titled: “Wall Street Breakfast: New Privacy Bar With GDPR” with publication date: May 25, 2018 was also an interesting one.

Tpg-Axon Management Lp, which manages about $5.78B and $82.54 million US Long portfolio, upped its stake in Centene Corp Del (NYSE:CNC) by 10,150 shares to 83,950 shares, valued at $8.47 million in 2017Q4, according to the filing.

Investors sentiment decreased to 0.79 in 2017 Q4. Its down 0.09, from 0.88 in 2017Q3. It turned negative, 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. Wellington Shields Cap Mngmt Ltd Com has 2,010 shares. Bridgewater Assoc Lp owns 48,153 shares or 0.06% of their US portfolio. Huntington State Bank, Ohio-based fund reported 8,719 shares. Psagot Investment House Limited accumulated 0.15% or 21,890 shares. First Mercantile Trust Communications holds 823 shares or 0.03% of its portfolio. 48,294 are owned by Hartford Invest Mgmt. Vantage Invest Limited Liability Corporation invested in 300 shares. 41,099 are held by Tocqueville Asset Limited Partnership. Ardsley Advisory, Connecticut-based fund reported 3,000 shares. 63,900 were accumulated by Point72 Asset Mngmt Limited Partnership. American National Registered Inv Advisor stated it has 0.12% of its portfolio in McKesson Corporation (NYSE:MCK). Moreover, Tdam Usa has 0.07% invested in McKesson Corporation (NYSE:MCK). Violich Capital Mngmt owns 1.48% invested in McKesson Corporation (NYSE:MCK) for 37,265 shares. Carlson Capital reported 3,161 shares. Cornerstone Mngmt Holdg Ltd Liability Com holds 0.05% of its portfolio in McKesson Corporation (NYSE:MCK) for 49,621 shares.

Applied Materials, Inc. (NASDAQ:AMAT) Institutional Positions Chart

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