Investors bought shares of McKesson Corporation (NYSE:MCK) on weakness during trading on Tuesday. $65.21 million flowed into the stock on the tick-up and $39.67 million flowed out of the stock on the tick-down, for a money net flow of $25.54 million into the stock. Of all companies tracked, McKesson Corporation had the 7th highest net in-flow for the day. McKesson Corporation traded down ($1.27) for the day and closed at $153.99

A number of research analysts recently issued reports on MCK shares. Royal Bank Of Canada assumed coverage on McKesson Corporation in a research note on Tuesday, September 19th. They set a “sector perform” rating and a $168.00 price objective for the company. Robert W. Baird upgraded shares of McKesson Corporation from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $175.00 to $178.00 in a research note on Tuesday, September 19th. Morgan Stanley cut shares of McKesson Corporation from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $184.00 to $172.00 in a research note on Thursday, September 14th. Needham & Company LLC raised shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a report on Friday, September 8th. Finally, Jefferies Group LLC set a $165.00 price target on shares of McKesson Corporation and gave the company a “hold” rating in a report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $171.53.

The stock has a market capitalization of $32.38 billion, a price-to-earnings ratio of 6.99 and a beta of 1.17. The firm’s 50-day moving average is $150.99 and its 200-day moving average is $153.38.

McKesson Corporation (NYSE:MCK) last issued its quarterly earnings results on Thursday, July 27th. The company reported $2.46 EPS for the quarter, missing the consensus estimate of $2.81 by ($0.35). The company had revenue of $51.05 billion during the quarter, compared to analysts’ expectations of $51.22 billion. McKesson Corporation had a return on equity of 25.76% and a net margin of 2.42%. McKesson Corporation’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.50 EPS. On average, 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 was paid on Monday, October 2nd. Shareholders of record on Friday, September 1st were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.88%. This is an increase from McKesson Corporation’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, August 30th. McKesson Corporation’s dividend payout ratio (DPR) is presently 6.07%.

In other news, SVP Erin M. Lampert sold 900 shares of McKesson Corporation stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $155.65, for a total value of $140,085.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Marie L/Ca Knowles sold 1,083 shares of McKesson Corporation stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $162.55, for a total value of $176,041.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 952,066 shares of company stock worth $145,736,987. Company insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of MCK. Family Firm Inc. lifted its holdings in McKesson Corporation by 0.3% in the 2nd quarter. Family Firm Inc. now owns 1,922 shares of the company’s stock valued at $316,000 after purchasing an additional 5 shares in the last quarter. Cypress Capital Group boosted its stake in McKesson Corporation by 0.3% during the 2nd quarter. Cypress Capital Group now owns 3,588 shares of the company’s stock worth $590,000 after purchasing an additional 10 shares during the last quarter. Tompkins Financial Corp boosted its stake in McKesson Corporation by 2.3% during the 2nd quarter. Tompkins Financial Corp now owns 785 shares of the company’s stock worth $129,000 after purchasing an additional 18 shares during the last quarter. First Financial Bank Trust Division grew its holdings in shares of McKesson Corporation by 1.3% during the second quarter. First Financial Bank Trust Division now owns 1,811 shares of the company’s stock worth $298,000 after buying an additional 23 shares in the last quarter. Finally, LBA Wealth Management LLC grew its holdings in shares of McKesson Corporation by 0.4% during the first quarter. LBA Wealth Management LLC now owns 6,429 shares of the company’s stock worth $953,000 after buying an additional 25 shares in the last quarter. 85.19% of the stock is owned by hedge funds and other institutional investors.

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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.

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