New Mountain Vantage Advisers L.L.C. lessened its position in shares of McKesson Corporation (NYSE:MCK) by 38.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,560 shares of the company’s stock after selling 64,747 shares during the period. New Mountain Vantage Advisers L.L.C.’s holdings in McKesson Corporation were worth $16,875,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. American Beacon Advisors Inc. bought a new stake in shares of McKesson Corporation during the first quarter worth approximately $100,000. Captrust Financial Advisors bought a new stake in shares of McKesson Corporation during the second quarter worth approximately $107,000. Archford Capital Strategies LLC boosted its holdings in shares of McKesson Corporation by 52.8% during the first quarter. Archford Capital Strategies LLC now owns 776 shares of the company’s stock worth $115,000 after acquiring an additional 268 shares during the period. WFG Advisors LP boosted its holdings in shares of McKesson Corporation by 123.5% during the first quarter. WFG Advisors LP now owns 818 shares of the company’s stock worth $121,000 after acquiring an additional 452 shares during the period. Finally, Orrstown Financial Services Inc. boosted its holdings in shares of McKesson Corporation by 6.0% during the second quarter. Orrstown Financial Services Inc. now owns 758 shares of the company’s stock worth $124,000 after acquiring an additional 43 shares during the period. Institutional investors own 85.19% of the company’s stock.

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Shares of McKesson Corporation (NYSE:MCK) traded up 0.59% on Friday, hitting $154.62. 478,767 shares of the stock traded hands. The firm has a market cap of $32.51 billion, a P/E ratio of 7.02 and a beta of 1.17. McKesson Corporation has a 52 week low of $114.53 and a 52 week high of $169.29. The stock has a 50-day moving average price of $151.43 and a 200 day moving average price of $153.43.

McKesson Corporation (NYSE:MCK) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $51.22 billion. McKesson Corporation had a return on equity of 25.76% and a net margin of 2.42%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.50 earnings per share. Equities research analysts predict that McKesson Corporation will post $12.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 1st were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Wednesday, August 30th. This is a boost from McKesson Corporation’s previous quarterly dividend of $0.28. McKesson Corporation’s dividend payout ratio (DPR) is presently 6.07%.

A number of brokerages have recently issued reports on MCK. Vetr upgraded McKesson Corporation from a “buy” rating to a “strong-buy” rating and set a $181.27 price objective for the company in a report on Monday, June 19th. Royal Bank Of Canada assumed coverage on McKesson Corporation in a research note on Tuesday, September 19th. They issued a “sector perform” rating and a $168.00 price target for the company. UBS AG reiterated a “neutral” rating and issued a $166.00 price target (up from $156.00) on shares of McKesson Corporation in a research note on Monday, June 26th. Jefferies Group LLC upgraded McKesson Corporation from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a research note on Thursday, July 27th. Finally, Leerink Swann boosted their price target on McKesson Corporation to $170.00 and gave the company a “market perform” rating in a research note on Thursday, June 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. McKesson Corporation currently has an average rating of “Hold” and a consensus target price of $171.53.

In related news, Director M Christine Jacobs sold 1,083 shares of McKesson Corporation stock in a transaction on Monday, August 21st. The shares were sold at an average price of $145.43, for a total value of $157,500.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $140,085.00. 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. 1.20% of the stock is owned by corporate insiders.

McKesson Corporation 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.

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

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