Achmea Investment Management B.V. raised its position in McKesson Corporation (NYSE:MCK) by 25.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,564 shares of the company’s stock after purchasing an additional 4,774 shares during the quarter. Achmea Investment Management B.V.’s holdings in McKesson Corporation were worth $3,875,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in MCK. Madison Investment Holdings Inc. increased its stake in shares of McKesson Corporation by 2.1% in the first quarter. Madison Investment Holdings Inc. now owns 33,701 shares of the company’s stock valued at $4,997,000 after purchasing an additional 700 shares during the period. Aberdeen Asset Management PLC UK increased its stake in shares of McKesson Corporation by 3.7% in the first quarter. Aberdeen Asset Management PLC UK now owns 241,505 shares of the company’s stock valued at $35,806,000 after purchasing an additional 8,693 shares during the period. Brandes Investment Partners LP increased its stake in shares of McKesson Corporation by 7.3% in the first quarter. Brandes Investment Partners LP now owns 1,121,845 shares of the company’s stock valued at $166,324,000 after purchasing an additional 76,359 shares during the period. Neumann Capital Management LLC increased its stake in shares of McKesson Corporation by 20.6% in the first quarter. Neumann Capital Management LLC now owns 3,370 shares of the company’s stock valued at $500,000 after purchasing an additional 575 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of McKesson Corporation in the first quarter valued at approximately $4,467,000. Institutional investors own 85.29% of the company’s stock.
In related news, Director Marie L/Ca Knowles sold 1,083 shares of McKesson Corporation stock in a transaction on Monday, July 31st. The shares were sold at an average price of $162.55, for a total value of $176,041.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Erin M. Lampert sold 900 shares of McKesson Corporation stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $155.65, for a total transaction of $140,085.00. The disclosure for this sale can be found here. In the last three months, insiders sold 952,066 shares of company stock valued at $145,736,987. 1.20% of the stock is currently owned by insiders.
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McKesson Corporation (NYSE MCK) traded down 5.52% during midday trading on Friday, reaching $135.62. 4,208,200 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $151.90 and its 200 day moving average is $153.68. McKesson Corporation has a 1-year low of $114.53 and a 1-year high of $169.29. The stock has a market cap of $28.52 billion, a P/E ratio of 6.15 and a beta of 1.17.
McKesson Corporation (NYSE:MCK) last posted its quarterly earnings results on Thursday, October 26th. The company reported $3.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.50. McKesson Corporation had a net margin of 2.24% and a return on equity of 24.87%. The business had revenue of $52.06 billion during the quarter, compared to the consensus estimate of $51.69 billion. During the same quarter last year, the firm posted $2.94 EPS. McKesson Corporation’s revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that McKesson Corporation will post $12.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, November 30th. McKesson Corporation’s payout ratio is currently 6.45%.
Several equities research analysts have commented on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $170.00 price target on shares of McKesson Corporation in a research note on Friday. Robert W. Baird upgraded shares of McKesson Corporation from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $175.00 to $178.00 in a report on Tuesday, September 19th. Vetr cut shares of McKesson Corporation from a “strong-buy” rating to a “buy” rating and set a $187.51 price objective for the company. in a report on Monday, July 17th. Mizuho set a $168.00 price objective on shares of McKesson Corporation and gave the company a “hold” rating in a report on Tuesday. Finally, Jefferies Group LLC set a $165.00 price objective on shares of McKesson Corporation and gave the company a “hold” rating in a report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. McKesson Corporation currently has a consensus rating of “Hold” and a consensus price target of $172.50.
McKesson Corporation Company Profile
McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The Company operates through two segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally.
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