Headlines about McKesson Corporation (NYSE:MCK) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. McKesson Corporation earned a news impact score of 0.06 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.3716696723033 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
MCK has been the topic of several research analyst reports. Jefferies Group LLC upgraded McKesson Corporation from a “hold” rating to a “buy” rating and set a $153.00 target price on the stock in a research note on Thursday, July 27th. Vetr downgraded McKesson Corporation from a “strong-buy” rating to a “buy” rating and set a $187.51 target price on the stock. in a research note on Monday, July 17th. Zacks Investment Research upgraded McKesson Corporation from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a research note on Wednesday, July 12th. Needham & Company LLC raised McKesson Corporation from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a report on Friday, September 8th. Finally, TheStreet cut McKesson Corporation from a “b” rating to a “c+” rating in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $172.50.
McKesson Corporation (MCK) traded down 5.52% during midday trading on Friday, hitting $135.62. 4,208,200 shares of the stock were exchanged. McKesson Corporation has a 52 week low of $114.53 and a 52 week high of $169.29. The stock has a market cap of $28.52 billion, a price-to-earnings ratio of 6.15 and a beta of 1.17. The firm’s 50-day moving average is $151.90 and its 200 day moving average is $153.68.
McKesson Corporation (NYSE:MCK) last released its earnings results on Thursday, October 26th. The company reported $3.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.50. The company had revenue of $52.06 billion during the quarter, compared to the consensus estimate of $51.69 billion. McKesson Corporation had a net margin of 2.24% and a return on equity of 24.87%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.94 EPS. Equities research analysts expect that McKesson Corporation will post $12.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.00%. McKesson Corporation’s dividend payout ratio is currently 6.45%.
In related news, CEO John H. Hammergren sold 99,000 shares of McKesson Corporation stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $153.89, for a total transaction of $15,235,110.00. Following the completion of the transaction, the chief executive officer now directly owns 165,000 shares of the company’s stock, valued at approximately $25,391,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marie L/Ca Knowles sold 1,083 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $162.55, for a total transaction of $176,041.65. The disclosure for this sale can be found here. Insiders sold a total of 952,066 shares of company stock worth $145,736,987 over the last quarter. 1.20% of the stock is currently owned by company insiders.
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About McKesson Corporation
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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