McKesson Corporation (NYSE:MCK) Chairman John H. Hammergren sold 225,000 shares of the stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $151.67, for a total transaction of $34,125,750.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

John H. Hammergren also recently made the following trade(s):

  • On Wednesday, September 20th, John H. Hammergren sold 125,000 shares of McKesson Corporation stock. The stock was sold at an average price of $150.18, for a total transaction of $18,772,500.00.
  • On Friday, September 22nd, John H. Hammergren sold 100,000 shares of McKesson Corporation stock. The stock was sold at an average price of $153.53, for a total transaction of $15,353,000.00.

McKesson Corporation (NYSE MCK) traded up 0.94% during midday trading on Friday, reaching $154.01. 1,616,747 shares of the company traded hands. McKesson Corporation has a one year low of $114.53 and a one year high of $169.29. The company has a market capitalization of $32.38 billion, a price-to-earnings ratio of 6.99 and a beta of 1.16. The stock’s 50 day moving average is $151.41 and its 200 day moving average is $153.02.

McKesson Corporation (NYSE:MCK) last issued 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 firm had revenue of $51.05 billion during the quarter, compared to analysts’ expectations of $51.22 billion. McKesson Corporation had a return on equity of 25.76% and a net margin of 2.42%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.50 EPS. On average, equities analysts anticipate that McKesson Corporation will post $12.08 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders 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 represents a $1.36 annualized dividend and a yield of 0.88%. This is a positive change from McKesson Corporation’s previous quarterly dividend of $0.28. McKesson Corporation’s dividend payout ratio is currently 6.07%.

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MCK has been the topic of a number of analyst reports. Vetr upgraded shares of McKesson Corporation from a “buy” rating to a “strong-buy” rating and set a $181.27 price objective on the stock in a research note on Monday, June 19th. BidaskClub downgraded shares of McKesson Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Jefferies Group LLC upgraded shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $153.00 price objective on the stock in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a research note on Wednesday, July 12th. Finally, TheStreet downgraded shares of McKesson Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $171.53.

A number of institutional investors and hedge funds have recently modified their holdings of MCK. American Beacon Advisors Inc. purchased a new stake in McKesson Corporation in the first quarter worth approximately $100,000. Captrust Financial Advisors purchased a new stake in McKesson Corporation in the second quarter worth approximately $107,000. Archford Capital Strategies LLC boosted its stake in McKesson Corporation by 52.8% in the first quarter. Archford Capital Strategies LLC now owns 776 shares of the company’s stock worth $115,000 after buying an additional 268 shares in the last quarter. WFG Advisors LP boosted its stake in McKesson Corporation by 123.5% in the first quarter. WFG Advisors LP now owns 818 shares of the company’s stock worth $121,000 after buying an additional 452 shares in the last quarter. Finally, Orrstown Financial Services Inc. boosted its stake in McKesson Corporation by 6.0% in the second quarter. Orrstown Financial Services Inc. now owns 758 shares of the company’s stock worth $124,000 after buying an additional 43 shares in the last quarter. 85.16% of the stock is owned by institutional investors and hedge funds.

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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