Brandywine Global Investment Management LLC Has $28.05 Million Holdings in McKesson Co. (MCK)
Brandywine Global Investment Management LLC raised its holdings in shares of McKesson Co. (NYSE:MCK) by 45.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,859 shares of the company’s stock after buying an additional 56,558 shares during the period. Brandywine Global Investment Management LLC’s holdings in McKesson were worth $28,050,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Icon Wealth Partners LLC purchased a new stake in shares of McKesson during the fourth quarter worth about $111,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of McKesson during the third quarter worth about $155,000. Focused Wealth Management Inc boosted its holdings in shares of McKesson by 650.0% during the fourth quarter. Focused Wealth Management Inc now owns 1,200 shares of the company’s stock worth $187,000 after purchasing an additional 1,040 shares during the period. Community Financial Services Group LLC purchased a new stake in shares of McKesson during the fourth quarter worth about $204,000. Finally, Sawyer & Company Inc purchased a new stake in shares of McKesson during the fourth quarter worth about $208,000. Institutional investors and hedge funds own 87.98% of the company’s stock.
In other McKesson news, SVP Erin M. Lampert sold 1,413 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $149.38, for a total value of $211,073.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John H. Hammergren sold 65,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $160.00, for a total transaction of $10,400,000.00. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Shares of McKesson Co. (MCK) opened at $155.79 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.63. McKesson Co. has a 1-year low of $133.82 and a 1-year high of $178.86. The company has a market cap of $32,520.00, a PE ratio of 7.50, a price-to-earnings-growth ratio of 1.46 and a beta of 1.29.
McKesson (NYSE:MCK) last issued its quarterly earnings data on Thursday, February 1st. The company reported $3.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.92 by $0.49. McKesson had a net margin of 2.34% and a return on equity of 22.98%. The business had revenue of $53.62 billion during the quarter, compared to analyst estimates of $51.98 billion. During the same period last year, the business posted $3.04 earnings per share. McKesson’s quarterly revenue was up 7.0% compared to the same quarter last year. equities analysts anticipate that McKesson Co. will post 12.71 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 1st will be issued a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.36 annualized dividend and a yield of 0.87%. McKesson’s dividend payout ratio (DPR) is presently 6.54%.
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McKesson Company Profile
McKesson Corporation is a healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology company. The Company provides medicines, medical products and healthcare services by partnering with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare.
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