McKesson Corporation (NYSE:MCK) SVP Erin M. Lampert sold 900 shares of McKesson Corporation stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $155.65, for a total value of $140,085.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

McKesson Corporation (NYSE MCK) traded up 0.71% during trading on Friday, reaching $156.94. The company’s stock had a trading volume of 1,437,073 shares. The stock has a market capitalization of $33.00 billion, a PE ratio of 7.12 and a beta of 1.16. McKesson Corporation has a 1-year low of $114.53 and a 1-year high of $181.82. The stock has a 50 day moving average price of $153.98 and a 200 day moving average price of $152.81.

McKesson Corporation (NYSE:MCK) last posted its quarterly earnings results on Thursday, July 27th. The company reported $2.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.81 by $0.35. The company had revenue of $51.05 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $3.50 EPS. Analysts anticipate that McKesson Corporation will post $12.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be given a $0.34 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.36 dividend on an annualized basis and a yield of 0.87%. This is a positive change from McKesson Corporation’s previous quarterly dividend of $0.28. McKesson Corporation’s dividend payout ratio (DPR) is currently 6.07%.

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A number of hedge funds have recently bought and sold shares of MCK. Wetherby Asset Management Inc. raised its position in McKesson Corporation by 8.7% in the 1st quarter. Wetherby Asset Management Inc. now owns 5,728 shares of the company’s stock valued at $850,000 after purchasing an additional 460 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of McKesson Corporation by 10.2% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,917 shares of the company’s stock worth $2,804,000 after acquiring an additional 1,750 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of McKesson Corporation by 35.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 776,070 shares of the company’s stock worth $115,060,000 after acquiring an additional 204,500 shares in the last quarter. Cadence Bank NA raised its position in shares of McKesson Corporation by 3.7% during the 1st quarter. Cadence Bank NA now owns 2,636 shares of the company’s stock worth $391,000 after acquiring an additional 93 shares in the last quarter. Finally, Shikiar Asset Management Inc. raised its position in shares of McKesson Corporation by 26.1% during the 1st quarter. Shikiar Asset Management Inc. now owns 35,630 shares of the company’s stock worth $5,283,000 after acquiring an additional 7,375 shares in the last quarter. 85.28% of the stock is currently owned by institutional investors.

Several research firms have recently weighed in on MCK. Needham & Company LLC upgraded McKesson Corporation from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a research report on Friday. Jefferies Group LLC set a $165.00 target price on McKesson Corporation and gave the stock a “hold” rating in a research report on Tuesday, August 29th. TheStreet downgraded McKesson Corporation from a “b” rating to a “c+” rating in a research report on Friday, August 25th. BidaskClub downgraded McKesson Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Finally, Vetr downgraded McKesson Corporation from a “strong-buy” rating to a “buy” rating and set a $187.51 target price for the company. in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $172.31.

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.

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

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