Omnicom Group (OMC) Share Price Rose While Longview Partners Guernsey LTD Boosted Position by $36.31 Million; Provise Management Group Has Lowered Position in Mckesson (MCK) as Share Price Declined

McKesson Corporation (NYSE:MCK) Logo

Provise Management Group Llc decreased its stake in Mckesson Corp (MCK) by 20.56% based on its latest 2018Q3 regulatory filing with the SEC. Provise Management Group Llc sold 4,705 shares as the company’s stock declined 5.57% with the market. The institutional investor held 18,184 shares of the other pharmaceuticals company at the end of 2018Q3, valued at $2.41M, down from 22,889 at the end of the previous reported quarter. Provise Management Group Llc who had been investing in Mckesson Corp for a number of months, seems to be less bullish one the $25.71 billion market cap company. The stock increased 0.02% or $0.03 during the last trading session, reaching $134.03. About 524,278 shares traded. McKesson Corporation (NYSE:MCK) has declined 17.94% since February 13, 2018 and is downtrending. It has underperformed by 17.94% the S&P500. Some Historical MCK News: 07/03/2018 – U.S. HEALTH CARE SERVICES: BARCLAYS SAYS NEUTRAL ON DRUG DISTRIBUTION SUBSECTOR; 30/04/2018 – McKesson Names Brad Lerman as an Independent Director; 15/05/2018 – Florida Also Suing Painkiller Distributors AmerisourceBergen, Cardinal Health and McKesson Corp; 16/04/2018 – McKesson Closes Above 50-Day Moving Average: Technicals; 26/04/2018 – McKesson Closes Above 200-Day Moving Average: Technicals; 25/04/2018 – MCKESSON – INVESTMENT TO SUPPORT GROWTH INITIATIVES WILL BE PARTIALLY FUNDED BY SAVINGS FROM OPTIMIZATION OF CO’S OPERATING MODEL; 09/04/2018 – McKesson Launches Health Mart Atlas; 26/04/2018 – Main Street: McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids; 23/04/2018 – SOHN CONFERENCE: ROBBINS OF GLENVIEW THROWS COLD WATER ON SPECULATION THAT AMAZON ENTERING INTO THE PHARMACY BUSINESS; 16/04/2018 – McKesson CDS Tightens 9 Bps, Most in 4 Years

Longview Partners Guernsey Ltd increased its stake in Omnicom Group Inc (OMC) by 8.3% based on its latest 2018Q3 regulatory filing with the SEC. Longview Partners Guernsey Ltd bought 534,008 shares as the company’s stock rose 8.95% while stock markets declined. The institutional investor held 6.97M shares of the advertising company at the end of 2018Q3, valued at $474.14 million, up from 6.44M at the end of the previous reported quarter. Longview Partners Guernsey Ltd who had been investing in Omnicom Group Inc for a number of months, seems to be bullish on the $16.40 billion market cap company. The stock decreased 1.23% or $0.91 during the last trading session, reaching $73.18. About 1.77 million shares traded. Omnicom Group Inc. (NYSE:OMC) has risen 3.76% since February 13, 2018 and is uptrending. It has outperformed by 3.76% the S&P500. Some Historical OMC News: 24/05/2018 – Omnicom Short-Interest Ratio Rises 83% to 19 Days; 17/04/2018 – Omnicom Grows, Despite Continuing Client Pressures; 23/05/2018 – London Exchange: PRESS: WPP Loses USD400 Million HSBC Account To Omnicom – FT; 12/03/2018 – Omnicom Wins $741 Million U.S. Air Force Contract; 16/05/2018 – The lnteger Group Announces Partnership with Argentina’s AVC Marketing; 21/04/2018 – DJ Omnicom Group Inc, Inst Holders, 1Q 2018 (OMC); 23/05/2018 – Omnicom Closes Below 200-Day Moving Average: Technicals; 17/04/2018 – Omnicom 1Q Income Tax Expense Reduced by $13M; 22/05/2018 – HSBC Global Media Account Moves From WPP to Omnicom; 18/04/2018 – Omnicom Names Mark O’Brien as Oper Chief of Brand Consulting Group

More notable recent Omnicom Group Inc. (NYSE:OMC) news were published by: Nasdaq.com which released: “Report: Exploring Fundamental Drivers Behind Lattice Semiconductor, Baker Hughes, a GE company, Steel Dynamics, HollyFrontier, Omnicom Group, and Ultra Clean — New Horizons, Emerging Trends, and Upcoming Developments – Nasdaq” on January 28, 2019, also Zacks.com with their article: “Omnicom (OMC) Q4 Earnings, Revenues Exceed Estimates – Zacks.com” published on February 12, 2019, Seekingalpha.com published: “Ad giants slip after Publicis revenue disappointment – Seeking Alpha” on February 06, 2019. More interesting news about Omnicom Group Inc. (NYSE:OMC) were released by: Benzinga.com and their article: “12 Stocks To Watch For February 12, 2019 – Benzinga” published on February 12, 2019 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For February 12, 2019 – Benzinga” with publication date: February 12, 2019.

Since October 18, 2018, it had 0 insider purchases, and 4 insider sales for $1.10 million activity. Shares for $1.01 million were sold by Nelson Jonathan B.. RICE LINDA JOHNSON had sold 533 shares worth $40,657.

Among 17 analysts covering Omnicom (NYSE:OMC), 3 have Buy rating, 2 Sell and 12 Hold. Therefore 18% are positive. Omnicom had 54 analyst reports since July 23, 2015 according to SRatingsIntel. RBC Capital Markets downgraded the stock to “Hold” rating in Friday, February 16 report. Credit Suisse maintained Omnicom Group Inc. (NYSE:OMC) rating on Wednesday, October 11. Credit Suisse has “Neutral” rating and $78 target. The rating was maintained by RBC Capital Markets on Monday, September 25 with “Buy”. The rating was upgraded by Telsey Advisory Group on Wednesday, October 18 to “Outperform”. Pivotal Research maintained the stock with “Hold” rating in Monday, October 17 report. Credit Suisse maintained the stock with “Neutral” rating in Wednesday, October 18 report. As per Tuesday, January 2, the company rating was downgraded by Macquarie Research. The firm earned “Buy” rating on Tuesday, August 22 by RBC Capital Markets. The firm earned “Buy” rating on Friday, July 21 by RBC Capital Markets. The company was maintained on Wednesday, April 19 by Wedbush.

Investors sentiment decreased to 0.83 in Q3 2018. Its down 0.17, from 1 in 2018Q2. It dropped, as 49 investors sold OMC shares while 234 reduced holdings. 69 funds opened positions while 165 raised stakes. 226.63 million shares or 1.94% less from 231.12 million shares in 2018Q2 were reported. California-based Wells Fargo & Com Mn has invested 0.03% in Omnicom Group Inc. (NYSE:OMC). Invest Advsr invested in 0.26% or 64,639 shares. Tennessee-based Ftb Advsrs has invested 0.17% in Omnicom Group Inc. (NYSE:OMC). 41,301 are owned by Utah Retirement. Boston Research Incorporated reported 39,159 shares stake. Long Road Investment Counsel Ltd Liability Corporation owns 35,880 shares or 1.62% of their US portfolio. Moreover, Bradley Foster & Sargent Inc Ct has 0.04% invested in Omnicom Group Inc. (NYSE:OMC). 17,634 are owned by Naples Global Advisors Ltd Liability Company. Tocqueville Asset Mngmt Ltd Partnership holds 23,211 shares. Tennessee-based Argent Trust has invested 0.04% in Omnicom Group Inc. (NYSE:OMC). Bnp Paribas Arbitrage Sa stated it has 0% of its portfolio in Omnicom Group Inc. (NYSE:OMC). First Allied Advisory Svcs Incorporated holds 0.05% or 10,171 shares. Washington Trust Comml Bank owns 500 shares for 0.01% of their portfolio. Cibc Markets Corp has 0.02% invested in Omnicom Group Inc. (NYSE:OMC). Acadian Asset Mgmt Limited Co has invested 0% of its portfolio in Omnicom Group Inc. (NYSE:OMC).

Longview Partners Guernsey Ltd, which manages about $19.52B and $20.26B US Long portfolio, decreased its stake in Unitedhealth Group Inc (NYSE:UNH) by 56,180 shares to 4.02 million shares, valued at $1.07 billion in 2018Q3, according to the filing. It also reduced its holding in Fiserv Inc (NASDAQ:FISV) by 2.63M shares in the quarter, leaving it with 2.22 million shares, and cut its stake in Grainger W W Inc (NYSE:GWW).

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 11 have Buy rating, 1 Sell and 10 Hold. Therefore 50% are positive. McKesson Corporation had 92 analyst reports since July 31, 2015 according to SRatingsIntel. The company was maintained on Friday, January 15 by Mizuho. RBC Capital Markets maintained the shares of MCK in report on Tuesday, January 12 with “Outperform” rating. The firm has “Buy” rating given on Wednesday, November 1 by Needham. On Tuesday, May 30 the stock rating was maintained by Mizuho with “Hold”. The firm earned “Hold” rating on Wednesday, August 26 by Zacks. The stock of McKesson Corporation (NYSE:MCK) has “Hold” rating given on Tuesday, April 4 by Needham. The rating was upgraded by Jefferies on Wednesday, January 24 to “Buy”. The firm has “Buy” rating by Standpoint Research given on Tuesday, July 10. On Friday, September 16 the stock rating was downgraded by Goldman Sachs to “Neutral”. The firm has “Overweight” rating given on Friday, July 27 by JP Morgan.

Provise Management Group Llc, which manages about $1.14 billion and $759.80 million US Long portfolio, upped its stake in Seagate Technology Plc (NASDAQ:STX) by 47,417 shares to 97,873 shares, valued at $4.63M in 2018Q3, according to the filing. It also increased its holding in Ishares Tr (EFAV) by 5,642 shares in the quarter, for a total of 179,463 shares, and has risen its stake in Citigroup Inc (NYSE:C).

Since August 31, 2018, it had 0 buys, and 4 insider sales for $1.47 million activity. $173,732 worth of McKesson Corporation (NYSE:MCK) was sold by JACOBS M CHRISTINE on Friday, August 31. Shares for $946,792 were sold by Schechter Lori A. on Wednesday, January 16. Another trade for 1,350 shares valued at $173,732 was made by KNOWLES MARIE L/CA on Friday, August 31.

More notable recent McKesson Corporation (NYSE:MCK) news were published by: Seekingalpha.com which released: “McKesson: A Solid Company With Reasonable Valuation – Seeking Alpha” on December 18, 2018, also Seekingalpha.com with their article: “Why We Will Continue To Hold McKesson – Seeking Alpha” published on January 16, 2019, Seekingalpha.com published: “McKesson’s Valuation From 3 Perspectives – Seeking Alpha” on September 04, 2018. More interesting news about McKesson Corporation (NYSE:MCK) were released by: Seekingalpha.com and their article: “FDA warns McKesson over opioid supply chain – Seeking Alpha” published on February 12, 2019 as well as Seekingalpha.com‘s news article titled: “Goldman bullish on Insmed in premarket analyst action – Seeking Alpha” with publication date: January 17, 2019.

Omnicom Group Inc. (NYSE:OMC) Institutional Positions Chart