Security National Bank of Sioux City Iowa IA boosted its position in shares of McKesson Corporation (NYSE:MCK) by 20.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,225 shares of the company’s stock after buying an additional 1,250 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in McKesson Corporation were worth $1,071,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Orrstown Financial Services Inc. increased its position in McKesson Corporation by 16.3% in the first quarter. Orrstown Financial Services Inc. now owns 715 shares of the company’s stock valued at $106,000 after buying an additional 100 shares in the last quarter. WFG Advisors LP increased its position in McKesson Corporation by 123.5% in the first quarter. WFG Advisors LP now owns 818 shares of the company’s stock valued at $121,000 after buying an additional 452 shares in the last quarter. Welch Group LLC increased its position in McKesson Corporation by 22.6% in the first quarter. Welch Group LLC now owns 948 shares of the company’s stock valued at $141,000 after buying an additional 175 shares in the last quarter. Tompkins Financial Corp increased its position in McKesson Corporation by 8.8% in the first quarter. Tompkins Financial Corp now owns 962 shares of the company’s stock valued at $151,000 after buying an additional 78 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in McKesson Corporation by 327.7% in the first quarter. Meeder Asset Management Inc. now owns 1,065 shares of the company’s stock valued at $158,000 after buying an additional 816 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

McKesson Corporation (MCK) traded down 0.57% during mid-day trading on Friday, reaching $146.00. The company’s stock had a trading volume of 1,980,288 shares. The stock has a market cap of $30.70 billion, a P/E ratio of 6.62 and a beta of 1.13. The firm’s 50 day moving average is $160.21 and its 200-day moving average is $152.14. McKesson Corporation has a one year low of $114.53 and a one year high of $194.66.

McKesson Corporation (NYSE:MCK) last released its quarterly earnings data on Thursday, July 27th. The company reported $2.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.81 by $0.35. The business had revenue of $51.05 billion for the quarter, compared to the consensus estimate of $51.22 billion. McKesson Corporation had a net margin of 2.42% and a return on equity of 25.76%. McKesson Corporation’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.50 earnings per share. Equities analysts expect that McKesson Corporation will post $12.08 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be paid a dividend of $0.34 per share. This is an increase from McKesson Corporation’s previous quarterly dividend of $0.28. This represents a $1.36 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Wednesday, August 30th. McKesson Corporation’s payout ratio is presently 5.00%.

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Several research analysts have recently commented on the company. UBS AG lifted their price objective on McKesson Corporation from $145.00 to $156.00 and gave the stock a “neutral” rating in a report on Friday, May 19th. BidaskClub downgraded McKesson Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Barclays PLC set a $187.00 price objective on McKesson Corporation and gave the stock a “buy” rating in a report on Sunday, June 4th. Vetr raised McKesson Corporation from a “hold” rating to a “buy” rating and set a $174.15 target price on the stock in a research note on Thursday, May 25th. Finally, Jefferies Group LLC raised McKesson Corporation from a “hold” rating to a “buy” rating and set a $153.00 target price on the stock in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $171.21.

In related news, SVP Erin M. Lampert sold 404 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $160.53, for a total transaction of $64,854.12. Following the completion of the transaction, the senior vice president now owns 2,003 shares of the company’s stock, valued at $321,541.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Erin M. Lampert sold 809 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 59 shares of the company’s stock, valued at approximately $9,478.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,231 shares of company stock valued at $9,830,297. 1.20% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for McKesson Corporation (NYSE:MCK)

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