Heritage Investors Management Corp raised its stake in McKesson Co. (NYSE:MCK) by 8.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,173 shares of the company’s stock after purchasing an additional 5,685 shares during the quarter. Heritage Investors Management Corp’s holdings in McKesson were worth $9,839,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Boston Partners increased its position in shares of McKesson by 54.5% during the second quarter. Boston Partners now owns 6,237,042 shares of the company’s stock valued at $832,021,000 after acquiring an additional 2,200,669 shares during the last quarter. Vulcan Value Partners LLC increased its position in shares of McKesson by 7.8% during the second quarter. Vulcan Value Partners LLC now owns 3,768,099 shares of the company’s stock valued at $502,664,000 after acquiring an additional 273,090 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of McKesson by 7.6% during the second quarter. Pzena Investment Management LLC now owns 2,836,710 shares of the company’s stock valued at $378,417,000 after acquiring an additional 201,062 shares during the last quarter. American Century Companies Inc. increased its position in shares of McKesson by 13.6% during the third quarter. American Century Companies Inc. now owns 1,735,496 shares of the company’s stock valued at $230,214,000 after acquiring an additional 207,533 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of McKesson by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,424,630 shares of the company’s stock valued at $190,107,000 after acquiring an additional 46,386 shares during the last quarter. 89.19% of the stock is owned by hedge funds and other institutional investors.

In other McKesson news, Director N Anthony Coles sold 1,350 shares of the stock in a transaction on Friday, August 31st. The stock was sold at an average price of $128.69, for a total transaction of $173,731.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

A number of analysts recently commented on MCK shares. ValuEngine raised McKesson from a “strong sell” rating to a “sell” rating in a research report on Monday, October 29th. Mizuho reaffirmed a “hold” rating and set a $133.00 price target on shares of McKesson in a research report on Sunday, August 12th. Royal Bank of Canada set a $155.00 price target on McKesson and gave the company a “hold” rating in a research report on Friday, October 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $160.00 price target on shares of McKesson in a research report on Friday, July 27th. Finally, Citigroup decreased their price target on McKesson from $160.00 to $2.86 and set a “buy” rating for the company in a research report on Friday, July 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $150.26.

Shares of NYSE MCK opened at $130.81 on Friday. McKesson Co. has a 1-year low of $117.19 and a 1-year high of $178.86. The firm has a market cap of $25.93 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 1.51 and a beta of 1.05. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.56.

McKesson (NYSE:MCK) last announced its quarterly earnings data on Thursday, October 25th. The company reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.32. McKesson had a return on equity of 26.55% and a net margin of 0.06%. The business had revenue of $53.08 billion during the quarter, compared to analyst estimates of $53.56 billion. Analysts anticipate that McKesson Co. will post 13.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, November 30th. McKesson’s dividend payout ratio (DPR) is 12.36%.

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McKesson Company Profile

McKesson Corporation provides pharmaceuticals and medical supplies in the United States and internationally. It operates in three segments: U.S. Pharmaceutical and Specialty Solutions, European Pharmaceutical Solutions, and Medical-Surgical Solutions. The company distributes branded, generic, specialty, biosimilar, and over-the-counter pharmaceutical drugs, as well as other healthcare-related products; and offers practice management, technology, clinical support, and business solutions to community-based oncology and other specialty practices.

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Institutional Ownership by Quarter for McKesson (NYSE:MCK)

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