McKesson Corporation (NYSE:MCK) CEO John H. Hammergren sold 125,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $150.18, for a total value of $18,772,500.00. The sale was disclosed in a filing with the SEC, which is available at this link.
John H. Hammergren also recently made the following trade(s):
- On Friday, September 22nd, John H. Hammergren sold 225,000 shares of McKesson Corporation stock. The stock was sold at an average price of $151.67, for a total value of $34,125,750.00.
- On Friday, September 22nd, John H. Hammergren sold 100,000 shares of McKesson Corporation stock. The stock was sold at an average price of $153.53, for a total value of $15,353,000.00.
McKesson Corporation (NYSE:MCK) traded down 0.07% during trading on Friday, reaching $153.61. 1,440,111 shares of the company were exchanged. McKesson Corporation has a 52-week low of $114.53 and a 52-week high of $169.29. The firm’s 50 day moving average is $151.41 and its 200 day moving average is $153.02. The stock has a market capitalization of $32.30 billion, a PE ratio of 6.97 and a beta of 1.16.
McKesson Corporation (NYSE:MCK) last issued its earnings results on Thursday, July 27th. The company reported $2.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.81 by ($0.35). McKesson Corporation had a return on equity of 25.76% and a net margin of 2.42%. The company had revenue of $51.05 billion during the quarter, compared to analyst estimates of $51.22 billion. During the same period in the prior year, the business earned $3.50 earnings per share. McKesson Corporation’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts expect that McKesson Corporation will post $12.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.89%. This is a positive change from McKesson Corporation’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, August 30th. McKesson Corporation’s dividend payout ratio (DPR) is 6.07%.
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A number of hedge funds have recently made changes to their positions in the stock. Perpetual Ltd boosted its stake in McKesson Corporation by 12.0% during the second quarter. Perpetual Ltd now owns 69,900 shares of the company’s stock valued at $11,501,000 after buying an additional 7,500 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new position in shares of McKesson Corporation in the 2nd quarter valued at $408,000. Frontier Investment Mgmt Co. acquired a new stake in McKesson Corporation during the 2nd quarter worth about $3,434,000. Intl Fcstone Inc. acquired a new stake in McKesson Corporation during the 2nd quarter worth about $379,000. Finally, Gs Investments Inc. acquired a new stake in McKesson Corporation during the 2nd quarter worth about $1,679,000. 85.16% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on MCK shares. Barclays PLC set a $187.00 price target on McKesson Corporation and gave the stock a “buy” rating in a research report on Sunday, June 4th. Vetr raised McKesson Corporation from a “buy” rating to a “strong-buy” rating and set a $181.27 price target on the stock in a research report on Monday, June 12th. UBS AG reissued a “neutral” rating and set a $166.00 price target (up previously from $156.00) on shares of McKesson Corporation in a research report on Monday, June 26th. Leerink Swann increased their price target on McKesson Corporation to $170.00 and gave the stock a “market perform” rating in a research report on Thursday, June 29th. Finally, Zacks Investment Research raised McKesson Corporation from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $171.53.
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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