Insider Selling: Brian Scott Tyler Unloads 6,250 Shares of McKesson Corp. Stock (MCK)
McKesson Corp. (NYSE:MCK) EVP Brian Scott Tyler sold 6,250 shares of McKesson Corp. stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $169.68, for a total value of $1,060,500.00. Following the completion of the sale, the executive vice president now directly owns 5 shares in the company, valued at approximately $848. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
MCK has been the subject of a number of recent research reports. Analysts at Sterne Agee raised their price target on shares of McKesson Corp. from $185.00 to $203.00 in a research note to investors on Friday, January 31st. Separately, analysts at Leerink Swann raised their price target on shares of McKesson Corp. from $180.00 to $205.00 in a research note to investors on Friday, January 31st. Finally, analysts at Cowen and Company raised their price target on shares of McKesson Corp. from $193.00 to $215.00 in a research note to investors on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. McKesson Corp. currently has a consensus rating of “Buy” and a consensus target price of $178.50.
McKesson Corp. (NYSE:MCK) traded down 0.48% on Wednesday, hitting $168.62. The stock had a trading volume of 1,320,213 shares. McKesson Corp. has a one year low of $101.46 and a one year high of $177.50. The stock has a 50-day moving average of $166. and a 200-day moving average of $145.4. The company has a market cap of $38.783 billion and a price-to-earnings ratio of 34.40.
McKesson Corp. (NYSE:MCK) last released its earnings data on Friday, January 31st. The company reported $1.45 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.85 by $0.40. The company had revenue of $34.30 billion for the quarter, compared to the consensus estimate of $38.57 billion. Analysts expect that McKesson Corp. will post $8.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of 0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Thursday, February 27th.
McKesson Corporation delivers pharmaceuticals, medical supplies and healthcare information technologies.
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