McKesson EVP Jorge Figueredo Unloads 24,500 Shares (MCK)
McKesson (NYSE:MCK) EVP Jorge Figueredo sold 24,500 shares of McKesson stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $195.00, for a total value of $4,777,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $209.06.
McKesson (NYSE:MCK) traded up 1.03% during mid-day trading on Friday, hitting $195.03. The stock had a trading volume of 807,283 shares. McKesson has a 52-week low of $121.38 and a 52-week high of $196.44. The stock’s 50-day moving average is $191.4 and its 200-day moving average is $182.1. The company has a market cap of $45.169 billion and a P/E ratio of 36.28.
McKesson (NYSE:MCK) last released its earnings data 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. Analysts expect that McKesson will post $10.81 EPS 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 0.49%. The ex-dividend date is Thursday, August 28th.
McKesson Corporation delivers pharmaceuticals, medical supplies and healthcare information technologies.
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