Shares of McKesson Corporation (NYSE:MCK) have earned a consensus rating of “Hold” from the twenty research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $174.27.

Several analysts recently commented on the stock. Robert W. Baird raised shares of McKesson from a “neutral” rating to an “outperform” rating and increased their target price for the company from $175.00 to $178.00 in a research note on Tuesday, September 19th. Mizuho set a $168.00 target price on shares of McKesson and gave the company a “hold” rating in a research note on Tuesday, October 24th. Jefferies Group set a $165.00 price target on shares of McKesson and gave the company a “hold” rating in a research report on Tuesday, August 29th. Needham & Company LLC set a $179.00 price target on shares of McKesson and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, Cowen upgraded shares of McKesson from a “market perform” rating to an “outperform” rating and upped their price target for the company from $176.00 to $189.00 in a research report on Tuesday, October 10th.

In other news, Chairman John H. Hammergren sold 225,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $151.67, for a total transaction of $34,125,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Erin M. Lampert sold 900 shares of the firm’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 disclosure for this sale can be found here. Over the last three months, insiders sold 949,900 shares of company stock valued at $145,403,445. Insiders own 1.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Fulton Bank N.A. grew its position in shares of McKesson by 39.1% during the 2nd quarter. Fulton Bank N.A. now owns 2,330 shares of the company’s stock worth $383,000 after buying an additional 655 shares during the period. Tompkins Financial Corp lifted its stake in McKesson 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 in the last quarter. Carlson Capital Management lifted its stake in McKesson by 1.5% in the second quarter. Carlson Capital Management now owns 2,071 shares of the company’s stock valued at $341,000 after buying an additional 31 shares in the last quarter. Bank of Montreal Can lifted its stake in McKesson by 10.0% in the second quarter. Bank of Montreal Can now owns 286,916 shares of the company’s stock valued at $47,210,000 after buying an additional 26,037 shares in the last quarter. Finally, First Financial Bank Trust Division lifted its stake in McKesson 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 in the last quarter. 88.10% of the stock is owned by hedge funds and other institutional investors.

McKesson (MCK) traded down $1.35 during trading on Friday, hitting $146.39. 2,560,714 shares of the stock traded hands, compared to its average volume of 1,880,070. The company has a quick ratio of 0.61, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $30,520.00, a PE ratio of 12.15, a PEG ratio of 1.52 and a beta of 1.21. McKesson has a twelve month low of $133.82 and a twelve month high of $169.29.

McKesson (NYSE:MCK) last posted its quarterly earnings data on Thursday, October 26th. The company reported $3.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.50. The business had revenue of $52.06 billion during the quarter, compared to analysts’ expectations of $51.69 billion. McKesson had a net margin of 2.24% and a return on equity of 24.87%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $2.94 earnings per share. equities research analysts forecast that McKesson will post 12.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Thursday, November 30th. McKesson’s dividend payout ratio (DPR) is presently 6.44%.

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About McKesson

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 (NYSE:MCK)

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