McKesson Corporation (NYSE:MCK) Director M Christine Jacobs sold 1,083 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $145.43, for a total value of $157,500.69. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of McKesson Corporation (NYSE:MCK) traded up 1.46% on Tuesday, hitting $148.28. The stock had a trading volume of 1,897,388 shares. The firm has a market capitalization of $31.18 billion, a price-to-earnings ratio of 6.73 and a beta of 1.13. The firm has a 50 day moving average of $159.68 and a 200-day moving average of $152.38. McKesson Corporation has a 1-year low of $114.53 and a 1-year high of $194.77.

McKesson Corporation (NYSE:MCK) last posted its earnings results on Thursday, July 27th. The company reported $2.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.81 by $0.35. The business had revenue of $51.05 billion during the quarter, compared to the consensus estimate of $51.22 billion. McKesson Corporation had a return on equity of 25.76% and a net margin of 2.42%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.50 earnings per share. Equities analysts predict that McKesson Corporation will post $12.08 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This is a boost from McKesson Corporation’s previous quarterly dividend of $0.28. This represents a $1.36 annualized dividend and a dividend yield of 0.92%. McKesson Corporation’s dividend payout ratio (DPR) is presently 5.00%.

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A number of brokerages recently weighed in on MCK. UBS AG boosted their price objective on McKesson Corporation from $145.00 to $156.00 and gave the stock a “neutral” rating in a research report on Friday, May 19th. BidaskClub lowered McKesson Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Barclays PLC set a $187.00 price objective on McKesson Corporation and gave the stock a “buy” rating in a research report on Sunday, June 4th. Vetr upgraded McKesson Corporation from a “hold” rating to a “buy” rating and set a $174.15 price objective on the stock in a research report on Thursday, May 25th. Finally, Jefferies Group LLC upgraded McKesson Corporation from a “hold” rating to a “buy” rating and set a $153.00 price objective on the stock in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. McKesson Corporation has an average rating of “Hold” and a consensus target price of $171.21.

Several hedge funds have recently bought and sold shares of the company. Family Firm Inc. boosted its stake in McKesson Corporation by 0.3% in the second quarter. Family Firm Inc. now owns 1,922 shares of the company’s stock valued at $316,000 after buying an additional 5 shares during the last quarter. Cypress Capital Group boosted its stake in McKesson Corporation by 0.3% in the second quarter. Cypress Capital Group now owns 3,588 shares of the company’s stock valued at $590,000 after buying an additional 10 shares during the last quarter. Tompkins Financial Corp boosted its stake in McKesson Corporation by 2.3% in the second quarter. Tompkins Financial Corp now owns 785 shares of the company’s stock valued at $129,000 after buying an additional 18 shares during the last quarter. First Financial Bank Trust Division boosted its stake in McKesson Corporation by 1.3% in the second quarter. First Financial Bank Trust Division now owns 1,811 shares of the company’s stock valued at $298,000 after buying an additional 23 shares during the last quarter. Finally, Palisade Asset Management LLC boosted its stake in McKesson Corporation by 0.7% in the first quarter. Palisade Asset Management LLC now owns 3,790 shares of the company’s stock valued at $562,000 after buying an additional 25 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

McKesson Corporation Company Profile

McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The Company operates through two segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally.

Insider Buying and Selling by Quarter for McKesson Corporation (NYSE:MCK)

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