McKesson Corporation (NYSE:MCK) has received a consensus rating of “Hold” from the twenty-one brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $175.85.

MCK has been the topic of a number of recent research reports. BidaskClub downgraded McKesson Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded McKesson Corporation from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a research note on Wednesday, July 12th. Robert W. Baird upgraded McKesson Corporation from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $175.00 to $178.00 in a research note on Tuesday, September 19th. TheStreet downgraded McKesson Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 25th. Finally, Needham & Company LLC upgraded McKesson Corporation from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research note on Friday, September 8th.

In related news, SVP Erin M. Lampert sold 900 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $155.65, for a total transaction of $140,085.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director M Christine Jacobs sold 1,083 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $145.43, for a total value of $157,500.69. The disclosure for this sale can be found here. Insiders have sold a total of 952,066 shares of company stock valued at $145,736,987 in the last three months. 1.20% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. McQueen Ball & Associates Inc. raised its holdings in McKesson Corporation by 3.7% in the 3rd quarter. McQueen Ball & Associates Inc. now owns 12,725 shares of the company’s stock valued at $1,955,000 after acquiring an additional 455 shares in the last quarter. Eqis Capital Management Inc. raised its holdings in McKesson Corporation by 13.4% in the 3rd quarter. Eqis Capital Management Inc. now owns 7,347 shares of the company’s stock valued at $1,129,000 after acquiring an additional 868 shares in the last quarter. Perpetual Ltd raised its holdings in McKesson Corporation by 12.0% in the 2nd quarter. Perpetual Ltd now owns 69,900 shares of the company’s stock valued at $11,501,000 after acquiring an additional 7,500 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new position in McKesson Corporation in the 2nd quarter valued at approximately $408,000. Finally, Frontier Investment Mgmt Co. acquired a new position in McKesson Corporation in the 2nd quarter valued at approximately $3,434,000. 85.19% of the stock is owned by hedge funds and other institutional investors.

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McKesson Corporation (MCK) traded up 0.49% during trading on Thursday, hitting $150.67. The stock had a trading volume of 1,025,451 shares. The firm has a market cap of $31.68 billion, a price-to-earnings ratio of 6.84 and a beta of 1.17. The firm’s 50 day moving average is $151.76 and its 200 day moving average is $153.58. McKesson Corporation has a 1-year low of $114.53 and a 1-year high of $169.29.

McKesson Corporation (NYSE:MCK) last issued its quarterly earnings results on Thursday, July 27th. The company reported $2.46 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.35). McKesson Corporation had a net margin of 2.42% and a return on equity of 25.76%. The business had revenue of $51.05 billion for the quarter, compared to analysts’ expectations of $51.22 billion. During the same quarter in the prior year, the firm posted $3.50 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts anticipate that McKesson Corporation will post $12.07 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 1st were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Wednesday, August 30th. This is a boost from McKesson Corporation’s previous quarterly dividend of $0.28. McKesson Corporation’s payout ratio is currently 6.07%.

About McKesson Corporation

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.

Analyst Recommendations for McKesson Corporation (NYSE:MCK)

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