McKesson Co. (NYSE:MCK) Director M Christine Jacobs sold 1,083 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $145.43, for a total transaction of $157,500.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

McKesson Co. (MCK) opened at 147.19 on Thursday. McKesson Co. has a one year low of $114.53 and a one year high of $187.90. The stock has a 50 day moving average of $158.88 and a 200-day moving average of $152.41. The firm has a market capitalization of $30.95 billion, a PE ratio of 6.68 and a beta of 1.13.

McKesson (NYSE:MCK) last posted its quarterly earnings data on Thursday, July 27th. The company reported $2.46 EPS for the quarter, missing analysts’ consensus estimates of $2.81 by $0.35. The business had revenue of $51.05 billion during the quarter, compared to analyst estimates of $51.22 billion. McKesson had a return on equity of 11.00% and a net margin of 0.71%. McKesson’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.50 EPS. On average, equities analysts predict that McKesson Co. will post $12.08 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from McKesson’s previous quarterly dividend of $0.28. McKesson’s payout ratio is presently 5.00%.

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Several research analysts have recently commented on the stock. UBS AG reissued a “neutral” rating and issued a $166.00 price objective (up previously from $156.00) on shares of McKesson in a research note on Monday, June 26th. Vetr lowered shares of McKesson from a “strong-buy” rating to a “buy” rating and set a $187.51 price objective for the company. in a research note on Monday, July 17th. Leerink Swann raised their price objective on shares of McKesson to $170.00 and gave the company a “market perform” rating in a research note on Thursday, June 29th. Barclays PLC set a $187.00 price objective on shares of McKesson and gave the company a “buy” rating in a research note on Sunday, June 4th. Finally, Zacks Investment Research raised shares of McKesson from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $171.21.

Large investors have recently added to or reduced their stakes in the company. American Beacon Advisors Inc. bought a new stake in McKesson during the first quarter worth approximately $100,000. Captrust Financial Advisors bought a new stake in McKesson during the second quarter worth approximately $107,000. Archford Capital Strategies LLC increased its stake in McKesson by 52.8% in the first quarter. Archford Capital Strategies LLC now owns 776 shares of the company’s stock worth $115,000 after buying an additional 268 shares in the last quarter. WFG Advisors LP increased its stake in McKesson by 123.5% in the first quarter. WFG Advisors LP now owns 818 shares of the company’s stock worth $121,000 after buying an additional 452 shares in the last quarter. Finally, Orrstown Financial Services Inc. increased its stake in McKesson by 6.0% in the second quarter. Orrstown Financial Services Inc. now owns 758 shares of the company’s stock worth $124,000 after buying an additional 43 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

About McKesson

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.

Insider Buying and Selling by Quarter for McKesson (NYSE:MCK)

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