Insider Selling: M Christine Jacobs Sells 2,619 Shares of McKesson Stock (MCK)
McKesson (NYSE:MCK) Director M Christine Jacobs unloaded 2,619 shares of McKesson stock on the open market in a transaction dated Friday, August 8th. The stock was sold at an average price of $189.88, for a total transaction of $497,295.72. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on MCK shares. Analysts at Credit Suisse reiterated an “outperform” rating on shares of McKesson in a research note on Monday, August 4th. They now have a $220.00 price target on the stock, up previously from $200.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of McKesson in a research note on Friday, August 1st. They now have a $201.00 price target on the stock. Finally, analysts at Leerink Swann raised their price target on shares of McKesson from $205.00 to $220.00 in a research note on Friday, August 1st. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $209.06.
Shares of McKesson (NYSE:MCK) traded up 0.77% during mid-day trading on Monday, hitting $191.29. 899,952 shares of the company’s stock traded hands. McKesson has a one year low of $120.17 and a one year high of $196.44. The stock’s 50-day moving average is $189.8 and its 200-day moving average is $180.2. The company has a market cap of $44.303 billion and a price-to-earnings ratio of 35.68.
McKesson (NYSE:MCK) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.36 by $0.13. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $40.65 billion. During the same quarter last year, the company posted $2.07 earnings per share. McKesson’s revenue was up 36.7% compared to the same quarter last year. On average, analysts predict that McKesson will post $10.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, August 28th.
McKesson Corporation delivers pharmaceuticals, medical supplies and healthcare information technologies.
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