McKesson Corp. (NYSE:MCK) declared a quarterly dividend on Thursday, October 27th. Shareholders of record on Thursday, December 1st will be paid a dividend of 0.28 per share on Monday, January 2nd. This represents a $1.12 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Tuesday, November 29th.

McKesson Corp. (NYSE:MCK) opened at 141.27 on Thursday. The stock has a market cap of $31.94 billion, a price-to-earnings ratio of 16.93 and a beta of 1.02. The firm’s 50 day moving average price is $148.97 and its 200 day moving average price is $174.72. McKesson Corp. has a one year low of $114.53 and a one year high of $202.20.

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

Dividend History for McKesson Corp. (NYSE:MCK)

Several research firms recently weighed in on MCK. TheStreet lowered shares of McKesson Corp. from a “buy” rating to a “hold” rating in a report on Thursday, November 3rd. Citigroup Inc. boosted their price objective on shares of McKesson Corp. from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Mizuho boosted their price objective on shares of McKesson Corp. from $174.00 to $197.00 and gave the stock a “neutral” rating in a report on Thursday, August 11th. Credit Suisse Group AG lowered shares of McKesson Corp. from a “neutral” rating to an “underperform” rating and set a $131.00 price objective on the stock. in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of McKesson Corp. from $210.00 to $221.00 and gave the stock an “overweight” rating in a report on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. McKesson Corp. has a consensus rating of “Hold” and an average price target of $189.50.

In other news, Chairman John H. Hammergren sold 100,500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chairman now directly owns 100,500 shares of the company’s stock, valued at approximately $18,514,110. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Erin M. Lampert sold 921 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $218,842.35. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of MCK. SOUTH STATE Corp bought a new stake in shares of McKesson Corp. during the second quarter worth $209,000. Guardian Capital Advisors LP bought a new stake in shares of McKesson Corp. during the second quarter worth $218,000. First Heartland Consultants Inc. bought a new stake in shares of McKesson Corp. during the second quarter worth $253,000. National Asset Management Inc. raised its stake in shares of McKesson Corp. by 9.0% in the second quarter. National Asset Management Inc. now owns 1,763 shares of the company’s stock worth $330,000 after buying an additional 146 shares in the last quarter. Finally, Seven Eight Capital LLC raised its stake in shares of McKesson Corp. by 171.4% in the second quarter. Seven Eight Capital LLC now owns 1,900 shares of the company’s stock worth $355,000 after buying an additional 1,200 shares in the last quarter. 83.75% of the stock is owned by institutional investors.

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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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