McKesson Corporation (NYSE:MCK) CEO John H. Hammergren sold 100,000 shares of McKesson Corporation stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $155.30, for a total value of $15,530,000.00. Following the sale, the chief executive officer now owns 165,000 shares in the company, valued at $25,624,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

John H. Hammergren also recently made the following trade(s):

  • On Friday, September 22nd, John H. Hammergren sold 225,000 shares of McKesson Corporation stock. The stock was sold at an average price of $151.67, for a total value of $34,125,750.00.
  • On Wednesday, September 20th, John H. Hammergren sold 125,000 shares of McKesson Corporation stock. The stock was sold at an average price of $150.18, for a total value of $18,772,500.00.
  • On Friday, September 22nd, John H. Hammergren sold 100,000 shares of McKesson Corporation stock. The stock was sold at an average price of $153.53, for a total value of $15,353,000.00.

Shares of McKesson Corporation (NYSE:MCK) traded down 1.89% on Thursday, reaching $153.01. The company had a trading volume of 1,070,910 shares. The firm has a market capitalization of $32.17 billion, a PE ratio of 6.94 and a beta of 1.16. The company’s 50-day moving average is $151.41 and its 200 day moving average is $153.02. McKesson Corporation has a 12 month low of $114.53 and a 12 month high of $169.29.

McKesson Corporation (NYSE:MCK) last issued its earnings results 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). McKesson Corporation had a return on equity of 25.76% and a net margin of 2.42%. The company had revenue of $51.05 billion during the quarter, compared to analyst estimates of $51.22 billion. During the same period in the previous year, the company posted $3.50 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts forecast that McKesson Corporation will post $12.08 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders 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 a boost from McKesson Corporation’s previous quarterly dividend of $0.28. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.87%. McKesson Corporation’s dividend payout ratio is presently 6.07%.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Perpetual Ltd raised its holdings in shares of McKesson Corporation by 12.0% in the 2nd quarter. Perpetual Ltd now owns 69,900 shares of the company’s stock worth $11,501,000 after buying an additional 7,500 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new position in shares of McKesson Corporation in the 2nd quarter worth approximately $408,000. Frontier Investment Mgmt Co. acquired a new position in shares of McKesson Corporation in the 2nd quarter worth approximately $3,434,000. Intl Fcstone Inc. acquired a new position in shares of McKesson Corporation in the 2nd quarter worth approximately $379,000. Finally, Gs Investments Inc. acquired a new position in shares of McKesson Corporation in the 2nd quarter worth approximately $1,679,000. 85.16% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on MCK shares. BidaskClub downgraded McKesson Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded McKesson Corporation from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a report on Wednesday, July 12th. Robert W. Baird upgraded McKesson Corporation from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $175.00 to $178.00 in a report on Tuesday, September 19th. TheStreet downgraded McKesson Corporation from a “b” rating to a “c+” rating in a report on Friday, August 25th. Finally, Vetr upgraded McKesson Corporation from a “buy” rating to a “strong-buy” rating and set a $181.27 price objective on the stock in a report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. McKesson Corporation currently has an average rating of “Hold” and an average price target of $171.53.

McKesson Corporation 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.

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

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