McKesson Corporation (NYSE:MCK) Given Media Sentiment Score of 0.06
Press coverage about McKesson Corporation (NYSE:MCK) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. McKesson Corporation earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 87 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Allscripts buys McKesson’s hospital and health system IT unit for $185M (seekingalpha.com)
- Baron & Budd, Greene Ketchum, Levin Papantonio File Suit Against Pharmaceutical Distributors for Role in Creating Opioid Crisis in Four Ohio Counties (businesswire.com)
- McKesson’s Recent Legal Hire Dealt With Cyber Attack (todaysgeneralcounsel.com)
- Computer Assisted Coding Industry Professional Market 2017 Global Share, Trend, Segmentation and Forecast to 2022 (einpresswire.com)
- McKesson: Margin Of Safety – Seeking Alpha (seekingalpha.com)
MCK has been the subject of several research analyst reports. Zacks Investment Research upgraded McKesson Corporation from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a report on Wednesday, July 12th. Vetr upgraded McKesson Corporation from a “hold” rating to a “buy” rating and set a $174.15 price objective for the company in a report on Thursday, May 25th. J P Morgan Chase & Co upgraded McKesson Corporation from a “neutral” rating to an “overweight” rating and set a $189.00 price objective for the company in a report on Tuesday, May 23rd. Leerink Swann set a $140.00 price objective on McKesson Corporation and gave the company a “hold” rating in a report on Friday, May 19th. Finally, UBS AG upped their price objective on McKesson Corporation from $145.00 to $156.00 and gave the company a “neutral” rating in a report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $171.21.
McKesson Corporation (MCK) traded down 2.68% on Thursday, reaching $155.34. The company had a trading volume of 2,339,310 shares. The firm has a 50 day moving average price of $164.64 and a 200-day moving average price of $151.68. The stock has a market capitalization of $32.66 billion, a price-to-earnings ratio of 7.11 and a beta of 1.13. McKesson Corporation has a 12 month low of $114.53 and a 12 month high of $197.08.
McKesson Corporation (NYSE:MCK) last released its quarterly earnings data on Thursday, July 27th. The company reported $2.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.81 by $0.35. The business had revenue of $51.05 billion during the quarter, compared to the consensus estimate of $51.22 billion. McKesson Corporation had a return on equity of 25.76% and a net margin of 2.42%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $3.50 earnings per share. Analysts forecast that McKesson Corporation will post $12.11 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be issued a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This is an increase from McKesson Corporation’s previous quarterly dividend of $0.28. This represents a $1.36 annualized dividend and a yield of 0.88%. McKesson Corporation’s dividend payout ratio (DPR) is 5.00%.
In related news, SVP Erin M. Lampert sold 404 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $160.53, for a total value of $64,854.12. Following the completion of the transaction, the senior vice president now directly owns 2,003 shares of the company’s stock, valued at approximately $321,541.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Erin M. Lampert sold 809 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $160.66, for a total transaction of $129,973.94. Following the completion of the transaction, the senior vice president now directly owns 59 shares of the company’s stock, valued at $9,478.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,231 shares of company stock valued at $9,830,297. 1.20% of the stock is owned by 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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