Catawba Capital Management VA boosted its stake in shares of McKesson Corp. (NYSE:MCK) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,062 shares of the company’s stock after buying an additional 530 shares during the period. McKesson Corp. comprises approximately 1.5% of Catawba Capital Management VA’s investment portfolio, making the stock its 13th largest position. Catawba Capital Management VA’s holdings in McKesson Corp. were worth $6,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MCK. Vanguard Group Inc. increased its position in shares of McKesson Corp. by 0.4% in the second quarter. Vanguard Group Inc. now owns 13,701,966 shares of the company’s stock valued at $2,557,472,000 after buying an additional 53,238 shares in the last quarter. State Street Corp increased its position in shares of McKesson Corp. by 1.9% in the second quarter. State Street Corp now owns 9,280,300 shares of the company’s stock valued at $1,732,181,000 after buying an additional 169,117 shares in the last quarter. Capital Research Global Investors increased its position in shares of McKesson Corp. by 16.8% in the second quarter. Capital Research Global Investors now owns 9,021,412 shares of the company’s stock valued at $1,683,847,000 after buying an additional 1,297,412 shares in the last quarter. Boston Partners increased its position in shares of McKesson Corp. by 108.6% in the second quarter. Boston Partners now owns 4,659,692 shares of the company’s stock valued at $869,731,000 after buying an additional 2,425,685 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of McKesson Corp. by 9.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,386,458 shares of the company’s stock valued at $632,083,000 after buying an additional 291,025 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Institutional Ownership by Quarter for McKesson Corp. (NYSE:MCK)

McKesson Corp. (NYSE:MCK) traded up 0.93% during midday trading on Monday, hitting $141.35. 2,030,745 shares of the company were exchanged. McKesson Corp. has a 1-year low of $114.53 and a 1-year high of $202.20. The firm has a market capitalization of $31.96 billion, a PE ratio of 16.94 and a beta of 1.02. The stock has a 50 day moving average of $150.32 and a 200 day moving average of $175.16.

McKesson Corp. (NYSE:MCK) last issued its earnings results on Thursday, October 27th. The company reported $2.94 EPS for the quarter, missing analysts’ consensus estimates of $3.05 by $0.11. The business earned $49.96 billion during the quarter, compared to analysts’ expectations of $24.16 billion. McKesson Corp. had a return on equity of 29.85% and a net margin of 0.99%. McKesson Corp.’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.31 EPS. On average, equities analysts predict that McKesson Corp. will post $12.53 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 2nd. Investors of record on Thursday, December 1st will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, November 29th. McKesson Corp.’s payout ratio is presently 13.45%.

A number of research firms have weighed in on MCK. Zacks Investment Research cut shares of McKesson Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Goldman Sachs Group Inc. cut shares of McKesson Corp. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $210.00 to $189.00 in a research note on Friday, September 16th. Leerink Swann cut shares of McKesson Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, October 28th. Morgan Stanley boosted their target price on shares of McKesson Corp. from $199.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, July 28th. Finally, TheStreet cut shares of McKesson Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $191.95.

In other McKesson Corp. news, Chairman John H. Hammergren sold 100,500 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $184.22, for a total value of $18,514,110.00. Following the sale, the chairman now owns 100,500 shares of the company’s stock, valued at approximately $18,514,110. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Erin M. Lampert sold 921 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $123.99, for a total transaction of $114,194.79. Following the completion of the sale, the senior vice president now directly owns 1,765 shares in the company, valued at approximately $218,842.35. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by corporate insiders.

McKesson Corp. 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.

5 Day Chart for NYSE:MCK

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