Butensky & Cohen Financial Security Inc. acquired a new position in shares of McKesson Corporation (NYSE:MCK) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 6,738 shares of the company’s stock, valued at approximately $1,035,000.

Several other institutional investors have also recently added to or reduced their stakes in MCK. American Beacon Advisors Inc. purchased a new stake in shares of McKesson Corporation during the 1st quarter worth $100,000. Captrust Financial Advisors purchased a new stake in shares of McKesson Corporation during the 2nd quarter worth $107,000. Archford Capital Strategies LLC lifted its position in shares of McKesson Corporation by 52.8% during the 1st quarter. Archford Capital Strategies LLC now owns 776 shares of the company’s stock worth $115,000 after purchasing an additional 268 shares during the last quarter. WFG Advisors LP lifted its position in shares of McKesson Corporation by 123.5% during the 1st quarter. WFG Advisors LP now owns 818 shares of the company’s stock worth $121,000 after purchasing an additional 452 shares during the last quarter. Finally, Orrstown Financial Services Inc. lifted its position in shares of McKesson Corporation by 6.0% during the 2nd quarter. Orrstown Financial Services Inc. now owns 758 shares of the company’s stock worth $124,000 after purchasing an additional 43 shares during the last quarter. 85.16% of the stock is owned by institutional investors and hedge funds.

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McKesson Corporation (MCK) traded down 0.94% on Monday, reaching $149.36. 417,013 shares of the company’s stock were exchanged. McKesson Corporation has a 1-year low of $114.53 and a 1-year high of $169.29. The stock’s 50 day moving average price is $151.90 and its 200 day moving average price is $153.51. The firm has a market capitalization of $31.40 billion, a price-to-earnings ratio of 6.78 and a beta of 1.17.

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 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 business had revenue of $51.05 billion during the quarter, compared to the consensus estimate of $51.22 billion. During the same quarter in the previous year, the business posted $3.50 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts expect that McKesson Corporation will post $12.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 1st were given a $0.34 dividend. This is an increase 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 0.90%. The ex-dividend date was Wednesday, August 30th. McKesson Corporation’s dividend payout ratio (DPR) is presently 6.07%.

Several equities research analysts have recently issued reports on the stock. UBS AG reaffirmed a “neutral” rating and set a $166.00 price objective (up from $156.00) on shares of McKesson Corporation in a research report on Monday, June 26th. Vetr cut shares of McKesson Corporation from a “strong-buy” rating to a “buy” rating and set a $187.51 price objective for the company. in a research report on Monday, July 17th. Leerink Swann lifted their price objective on shares of McKesson Corporation to $170.00 and gave the stock a “market perform” rating in a research report on Thursday, June 29th. Zacks Investment Research raised shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC raised shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $172.45.

In other news, CEO John H. Hammergren sold 99,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $153.89, for a total value of $15,235,110.00. Following the transaction, the chief executive officer now directly owns 165,000 shares in the company, valued at approximately $25,391,850. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Marie L/Ca Knowles sold 1,083 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $162.55, for a total transaction of $176,041.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 952,066 shares of company stock worth $145,736,987. Insiders own 1.20% of the company’s stock.

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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