McKesson Co. (NYSE:MCK) EVP Lori A. Schechter sold 2,766 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $133.59, for a total value of $369,509.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of McKesson stock opened at $125.61 on Thursday. The firm has a market capitalization of $23.75 billion, a P/E ratio of 9.26, a PEG ratio of 1.27 and a beta of 1.23. The company has a quick ratio of 0.58, a current ratio of 1.02 and a debt-to-equity ratio of 0.88. McKesson Co. has a fifty-two week low of $106.11 and a fifty-two week high of $151.86.
McKesson (NYSE:MCK) last released its quarterly earnings data on Wednesday, May 8th. The company reported $3.69 EPS for the quarter, beating the consensus estimate of $3.66 by $0.03. McKesson had a net margin of 0.02% and a return on equity of 29.02%. The business had revenue of $52.43 billion during the quarter, compared to the consensus estimate of $53.14 billion. During the same quarter in the prior year, the firm earned $3.49 EPS. The business’s revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts forecast that McKesson Co. will post 14.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, May 31st. McKesson’s dividend payout ratio (DPR) is currently 11.50%.
Several large investors have recently modified their holdings of the company. Proficio Capital Partners LLC boosted its stake in McKesson by 161.2% in the fourth quarter. Proficio Capital Partners LLC now owns 222 shares of the company’s stock valued at $25,000 after acquiring an additional 137 shares in the last quarter. Bedel Financial Consulting Inc. raised its holdings in shares of McKesson by 165.2% during the fourth quarter. Bedel Financial Consulting Inc. now owns 236 shares of the company’s stock worth $26,000 after purchasing an additional 147 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of McKesson during the first quarter worth $27,000. Smart Portfolios LLC purchased a new position in shares of McKesson during the first quarter worth $35,000. Finally, Investors Research Corp purchased a new position in McKesson in the first quarter valued at $36,000. 86.35% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on MCK. Zacks Investment Research downgraded McKesson from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd. ValuEngine raised McKesson from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 8th. Barclays reissued a “hold” rating and set a $130.00 price objective on shares of McKesson in a report on Friday, February 1st. Deutsche Bank raised McKesson from a “sell” rating to a “hold” rating and set a $175.00 price objective for the company in a report on Friday, January 25th. Finally, UBS Group assumed coverage on McKesson in a report on Thursday, January 17th. They issued a “neutral” rating and a $134.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $134.90.
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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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