Lowe Brockenbrough & Co. Inc. lifted its stake in McKesson Corporation (NYSE:MCK) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,156 shares of the company’s stock after purchasing an additional 637 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in McKesson Corporation were worth $4,632,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MCK. Ballentine Partners LLC purchased a new stake in shares of McKesson Corporation in the 1st quarter worth $191,000. BlackRock Inc. increased its stake in shares of McKesson Corporation by 8.0% in the 2nd quarter. BlackRock Inc. now owns 15,330,001 shares of the company’s stock worth $2,522,396,000 after purchasing an additional 1,131,024 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in McKesson Corporation by 15,915.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,020,313 shares of the company’s stock worth $6,201,000 after buying an additional 1,013,942 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in McKesson Corporation in the 2nd quarter worth $164,688,000. Finally, AJO LP increased its stake in McKesson Corporation by 742.4% in the 2nd quarter. AJO LP now owns 647,052 shares of the company’s stock worth $106,466,000 after buying an additional 570,243 shares in the last quarter. Hedge funds and other institutional investors own 85.93% of the company’s stock.

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Shares of McKesson Corporation (NYSE MCK) traded up $3.84 during trading hours on Friday, hitting $142.70. 2,732,000 shares of the company’s stock were exchanged, compared to its average volume of 1,852,239. McKesson Corporation has a 52 week low of $133.82 and a 52 week high of $169.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.05. The stock has a market cap of $29,660.00, a P/E ratio of 11.42, a PEG ratio of 1.43 and a beta of 1.21.

McKesson Corporation (NYSE:MCK) last announced its quarterly earnings data on Thursday, October 26th. The company reported $3.28 EPS for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.50. McKesson Corporation had a net margin of 2.24% and a return on equity of 24.87%. The company had revenue of $52.06 billion for the quarter, compared to the consensus estimate of $51.69 billion. During the same period in the prior year, the firm posted $2.94 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. research analysts expect that McKesson Corporation will post 12.16 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, November 30th. McKesson Corporation’s dividend payout ratio (DPR) is 6.44%.

In related news, SVP Erin M. Lampert sold 900 shares of the stock in a transaction on Thursday, September 7th. The shares were 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 can be accessed through the SEC website. Also, CEO John H. Hammergren sold 100,000 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $153.51, for a total transaction of $15,351,000.00. Following the completion of the transaction, the chief executive officer now directly owns 165,000 shares in the company, valued at $25,329,150. The disclosure for this sale can be found here. Insiders sold a total of 950,983 shares of company stock worth $145,560,946 over the last ninety days. Insiders own 1.20% of the company’s stock.

Several research analysts have commented on MCK shares. Needham & Company LLC reissued a “buy” rating and set a $173.00 price objective (down previously from $178.00) on shares of McKesson Corporation in a report on Wednesday, November 1st. 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 Wednesday, October 18th. ValuEngine raised shares of McKesson Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. BidaskClub lowered shares of McKesson Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, TheStreet lowered shares of McKesson Corporation from a “b” rating to a “c+” rating in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. McKesson Corporation currently has a consensus rating of “Hold” and an average target price of $174.27.

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.

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

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