Headlines about McKesson (NYSE:MCK) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. McKesson earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.6939243233918 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
McKesson (MCK) traded up $6.70 during trading on Monday, reaching $153.09. The company had a trading volume of 2,866,406 shares, compared to its average volume of 1,884,303. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.05. McKesson has a fifty-two week low of $133.82 and a fifty-two week high of $169.29. The company has a market capitalization of $31,920.00, a PE ratio of 12.04, a price-to-earnings-growth ratio of 1.50 and a beta of 1.23.
McKesson (NYSE:MCK) last issued its earnings results on Thursday, October 26th. The company reported $3.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.50. McKesson had a return on equity of 24.87% and a net margin of 2.24%. The firm had revenue of $52.06 billion for the quarter, compared to analysts’ expectations of $51.69 billion. During the same quarter last year, the business earned $2.94 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. research analysts predict that McKesson will post 12.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, November 30th. McKesson’s dividend payout ratio (DPR) is currently 6.44%.
A number of brokerages have recently weighed in on MCK. BidaskClub lowered McKesson from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Deutsche Bank began coverage on McKesson in a research note on Monday. They issued a “buy” rating and a $175.00 target price for the company. Mizuho set a $168.00 target price on McKesson and gave the company a “hold” rating in a research note on Tuesday, October 24th. Robert W. Baird upgraded McKesson from a “neutral” rating to an “outperform” rating and raised their price target for the company from $175.00 to $178.00 in a report on Tuesday, September 19th. Finally, Jefferies Group set a $165.00 price target on McKesson and gave the company a “hold” rating in a report on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $174.31.
In other McKesson news, CEO John H. Hammergren sold 99,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $153.89, for a total transaction of $15,235,110.00. Following the transaction, the chief executive officer now owns 165,000 shares in the company, valued at $25,391,850. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO John H. Hammergren sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $150.18, for a total value of $18,772,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 949,900 shares of company stock worth $145,403,445. Company insiders own 1.20% of the company’s stock.
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McKesson 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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