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Payden & Rygel cut its McKesson shares by 22.5%, despite the company hitting a 12-month high recently.
Investment firm Payden & Rygel reduced its holdings in McKesson Corporation (NYSE:MCK) by 22.5%, selling 8,900 shares, leaving it with 30,700 shares valued at $17.5 million.
McKesson, a healthcare services provider, recently hit a new 12-month high after Mizuho raised its price target to $690.
Despite this, McKesson missed analysts' earnings estimates in its last quarterly report, reporting EPS of $8.03 compared to the expected $8.60.
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Payden & Rygel redujo sus acciones de McKesson en un 22,5%, a pesar de que la compañía alcanzó un máximo de 12 meses recientemente.