Tensile Capital Management Has Decreased Its Diamond Offshore Drilling (DO) Stake by $2.16 Million as Share Price Declined; Ironwood Investment Counsel Has Cut Mckesson (MCK) Position by $301,475; Stock Price Declined

May 4, 2018 - By Peter Erickson

McKesson Corporation (NYSE:MCK) Logo

Ironwood Investment Counsel Llc decreased its stake in Mckesson Corp (MCK) by 10.48% based on its latest 2017Q4 regulatory filing with the SEC. Ironwood Investment Counsel Llc sold 1,945 shares as the company’s stock declined 12.43% with the market. The institutional investor held 16,606 shares of the other pharmaceuticals company at the end of 2017Q4, valued at $2.59 million, down from 18,551 at the end of the previous reported quarter. Ironwood Investment Counsel Llc who had been investing in Mckesson Corp for a number of months, seems to be less bullish one the $30.35 billion market cap company. The stock increased 0.34% or $0.51 during the last trading session, reaching $147.1. About 743,248 shares traded. McKesson Corporation (NYSE:MCK) has declined 6.57% since May 4, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

Douglas Dossey decreased its stake in Diamond Offshore Drilling (DO) by 21.62% based on its latest 2017Q4 regulatory filing with the SEC. Tensile Capital Management Llc sold 120,000 shares as the company’s stock declined 20.97% with the market. The hedge fund run by Douglas Dossey held 435,000 shares of the energy company at the end of 2017Q4, valued at $8.09M, down from 555,000 at the end of the previous reported quarter. Tensile Capital Management Llc who had been investing in Diamond Offshore Drilling for a number of months, seems to be less bullish one the $2.56B market cap company. The stock increased 2.93% or $0.53 during the last trading session, reaching $18.59. About 935,473 shares traded. Diamond Offshore Drilling, Inc. (NYSE:DO) has declined 5.41% since May 4, 2017 and is downtrending. It has underperformed by 16.96% the S&P500.

Analysts await McKesson Corporation (NYSE:MCK) to report earnings on May, 17. 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 $730.40 million for 10.39 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.

More 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 published the news titled: “McKesson – Deeply Undervalued” on April 19, 2018. Seekingalpha.com‘s news article titled: “McKesson Is Undervalued” with publication date: April 16, 2018 was also an interesting one.

Investors sentiment decreased to 0.79 in 2017 Q4. Its down 0.09, from 0.88 in 2017Q3. It dived, 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. 1,981 were reported by Washington Trust Bancorp. Quantum Capital Mgmt owns 1,696 shares for 0.06% of their portfolio. Ruffer Llp holds 1.52M shares or 9.64% of its portfolio. Scotia invested in 0.11% or 51,195 shares. Welch Group Limited Liability Corp holds 0.03% or 1,065 shares. 63,900 were reported by Point72 Asset Mgmt Lp. Suntrust Banks Incorporated invested in 10,333 shares. Hancock Hldg holds 11,519 shares. 6,121 were reported by Legacy Private Co. Lombard Odier Asset Mngmt (Switzerland) Sa stated it has 0.03% in McKesson Corporation (NYSE:MCK). Pzena Investment Mgmt Ltd Liability stated it has 2.60M shares. Fred Alger Mgmt holds 262 shares or 0% of its portfolio. Meiji Yasuda Asset Co Limited holds 0.11% of its portfolio in McKesson Corporation (NYSE:MCK) for 7,143 shares. Drw Secs Ltd Liability Co invested 0.05% in McKesson Corporation (NYSE:MCK). Barrett Asset Mngmt Lc holds 0.01% or 891 shares.

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. FBR Capital maintained it with “Outperform” rating and $253 target in Thursday, July 30 report. On Tuesday, June 7 the stock rating was maintained by Mizuho with “Neutral”. As per Wednesday, April 18, the company rating was maintained by Cowen & Co. The firm earned “Market Perform” rating on Tuesday, March 15 by Cowen & Co. The rating was maintained by Mizuho with “Neutral” on Monday, September 26. On Thursday, February 1 the stock rating was maintained by Mizuho with “Hold”. Mizuho maintained it with “Hold” rating and $168.0 target in Tuesday, October 24 report. The rating was maintained by Mizuho on Monday, January 18 with “Buy”. The company was downgraded on Tuesday, January 12 by Raymond James. Jefferies upgraded McKesson Corporation (NYSE:MCK) on Friday, July 28 to “Buy” rating.

Since December 14, 2017, it had 0 insider buys, and 2 selling transactions for $10.61 million activity. The insider Lampert Erin M sold $211,071.

Since May 2, 2018, it had 0 insider purchases, and 1 sale for $595,468 activity.

Among 36 analysts covering Diamond Offshore Drilling Inc. (NYSE:DO), 6 have Buy rating, 13 Sell and 17 Hold. Therefore 17% are positive. Diamond Offshore Drilling Inc. had 93 analyst reports since August 5, 2015 according to SRatingsIntel. PiperJaffray downgraded the stock to “Underweight” rating in Thursday, January 11 report. The firm has “Buy” rating given on Tuesday, May 31 by KLR Group. The stock of Diamond Offshore Drilling, Inc. (NYSE:DO) earned “Sell” rating by BMO Capital Markets on Tuesday, July 11. The firm has “Hold” rating given on Thursday, January 11 by Cowen & Co. On Wednesday, September 28 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Citigroup with “Neutral” on Friday, September 2. Susquehanna maintained the shares of DO in report on Tuesday, February 13 with “Hold” rating. The company was maintained on Tuesday, September 19 by Piper Jaffray. On Friday, January 29 the stock rating was upgraded by Citigroup to “Neutral”. RBC Capital Markets maintained it with “Hold” rating and $15.0 target in Friday, September 1 report.

Investors sentiment decreased to 0.9 in Q4 2017. Its down 0.39, from 1.29 in 2017Q3. It dropped, as 40 investors sold DO shares while 66 reduced holdings. 40 funds opened positions while 55 raised stakes. 144.48 million shares or 3.73% less from 150.07 million shares in 2017Q3 were reported. Texas Permanent School Fund owns 43,596 shares for 0.01% of their portfolio. Thompson Rubinstein Inv Inc Or has invested 0.58% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). Fifth Third National Bank & Trust holds 0% or 1,500 shares. Thrivent Financial For Lutherans has 0% invested in Diamond Offshore Drilling, Inc. (NYSE:DO) for 13,976 shares. Invesco Ltd holds 461,071 shares. Van Den Berg I Inc has 0.59% invested in Diamond Offshore Drilling, Inc. (NYSE:DO). Strategic Global Advisors Limited Liability owns 19,907 shares. Country Tru Bankshares owns 10 shares. Ls Investment Advsrs Ltd has invested 0% in Diamond Offshore Drilling, Inc. (NYSE:DO). Legal & General Pcl owns 198,264 shares. Veritable Ltd Partnership stated it has 3,696 shares or 0% of all its holdings. Tiaa Cref Invest Mgmt Ltd Liability Corporation has 0% invested in Diamond Offshore Drilling, Inc. (NYSE:DO). Kennedy has invested 0.03% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). Alliancebernstein Lp has 112,972 shares for 0% of their portfolio. Louisiana State Employees Retirement Systems reported 16,300 shares stake.

Tensile Capital Management Llc, which manages about $504.77 million and $589.03 million US Long portfolio, upped its stake in Colony Northstar Inc by 765,000 shares to 4.18 million shares, valued at $47.70M in 2017Q4, according to the filing. It also increased its holding in C by 416,000 shares in the quarter, for a total of 1.51M shares, and has risen its stake in Equinix Inc (NASDAQ:EQIX).

More news for Diamond Offshore Drilling, Inc. (NYSE:DO) were recently published by: Seekingalpha.com, which released: “Noble Corp. – Discussing The Q1 Earnings Report” on May 04, 2018. Seekingalpha.com‘s article titled: “Diamond Offshore Drilling: Preparing For A Recovery” and published on April 16, 2018 is yet another important article.

Diamond Offshore Drilling, Inc. (NYSE:DO) Institutional Positions Chart

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