Scotia Capital Inc. Purchases 7,650 Shares of McKesson Corporation (MCK)

Scotia Capital Inc. lifted its position in McKesson Corporation (NYSE:MCK) by 16.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,994 shares of the company’s stock after acquiring an additional 7,650 shares during the quarter. Scotia Capital Inc.’s holdings in McKesson Corporation were worth $8,883,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MCK. American Beacon Advisors Inc. bought a new stake in shares of McKesson Corporation in the first quarter valued at about $100,000. Captrust Financial Advisors bought a new stake in shares of McKesson Corporation in the second quarter valued at about $107,000. Archford Capital Strategies LLC raised its holdings in shares of McKesson Corporation by 52.8% in the first quarter. Archford Capital Strategies LLC now owns 776 shares of the company’s stock valued at $115,000 after acquiring an additional 268 shares in the last quarter. WFG Advisors LP raised its holdings in shares of McKesson Corporation by 123.5% in the first quarter. WFG Advisors LP now owns 818 shares of the company’s stock valued at $121,000 after acquiring an additional 452 shares in the last quarter. Finally, Orrstown Financial Services Inc. raised its holdings in shares of McKesson Corporation by 6.0% in the second quarter. Orrstown Financial Services Inc. now owns 758 shares of the company’s stock valued at $124,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Shares of McKesson Corporation (NYSE MCK) traded up 0.081% on Wednesday, hitting $149.531. The stock had a trading volume of 236,254 shares. The company has a market cap of $31.44 billion, a price-to-earnings ratio of 6.847 and a beta of 1.17. McKesson Corporation has a one year low of $114.53 and a one year high of $169.29. The firm’s 50-day moving average is $151.72 and its 200-day moving average is $153.61.

McKesson Corporation (NYSE:MCK) last posted its quarterly earnings results on Thursday, July 27th. The company reported $2.46 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $51.22 billion. During the same quarter last year, the firm earned $3.50 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts expect that McKesson Corporation will post $12.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 1st were paid a $0.34 dividend. The ex-dividend date was Wednesday, August 30th. This is an increase from McKesson Corporation’s previous quarterly dividend of $0.28. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.91%. McKesson Corporation’s payout ratio is 6.07%.

In other McKesson Corporation news, Director Marie L/Ca Knowles sold 1,083 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $162.55, for a total transaction of $176,041.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman John H. Hammergren sold 225,000 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $151.67, for a total value of $34,125,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 952,066 shares of company stock worth $145,736,987. Company insiders own 1.20% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Scotia Capital Inc. Purchases 7,650 Shares of McKesson Corporation (MCK)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/11/scotia-capital-inc-purchases-7650-shares-of-mckesson-corporation-mck.html.

Several research firms recently weighed in on MCK. UBS AG restated a “neutral” rating and issued a $166.00 price objective (up from $156.00) on shares of McKesson Corporation in a report on Monday, June 26th. BidaskClub downgraded shares of McKesson Corporation from a “hold” rating to a “sell” rating in a report 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 target price for the company in a report on Thursday, July 27th. Vetr downgraded shares of McKesson Corporation from a “strong-buy” rating to a “buy” rating and set a $187.51 target price for the company. in a report on Monday, July 17th. Finally, Robert W. Baird upgraded shares of McKesson Corporation from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $175.00 to $178.00 in a report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average targe

Several other hedge funds have also recently added to or reduced their stakes in MCK. American Beacon Advisors Inc. bought a new stake in shares of McKesson Corporation in the first quarter valued at about $100,000. Captrust Financial Advisors bought a new stake in shares of McKesson Corporation in the second quarter valued at about $107,000. Archford Capital Strategies LLC raised its holdings in shares of McKesson Corporation by 52.8% in the first quarter. Archford Capital Strategies LLC now owns 776 shares of the company’s stock valued at $115,000 after acquiring an additional 268 shares in the last quarter. WFG Advisors LP raised its holdings in shares of McKesson Corporation by 123.5% in the first quarter. WFG Advisors LP now owns 818 shares of the company’s stock valued at $121,000 after acquiring an additional 452 shares in the last quarter. Finally, Orrstown Financial Services Inc. raised its holdings in shares of McKesson Corporation by 6.0% in the second quarter. Orrstown Financial Services Inc. now owns 758 shares of the company’s stock valued at $124,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Shares of McKesson Corporation (NYSE MCK) traded up 0.081% on Wednesday, hitting $149.531. The stock had a trading volume of 236,254 shares. The company has a market cap of $31.44 billion, a price-to-earnings ratio of 6.847 and a beta of 1.17. McKesson Corporation has a one year low of $114.53 and a one year high of $169.29. The firm’s 50-day moving average is $151.72 and its 200-day moving average is $153.61.

McKesson Corporation (NYSE:MCK) last posted its quarterly earnings results on Thursday, July 27th. The company reported $2.46 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $51.22 billion. During the same quarter last year, the firm earned $3.50 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts expect that McKesson Corporation will post $12.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 1st were paid a $0.34 dividend. The ex-dividend date was Wednesday, August 30th. This is an increase from McKesson Corporation’s previous quarterly dividend of $0.28. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.91%. McKesson Corporation’s payout ratio is 6.07%.

In other McKesson Corporation news, Director Marie L/Ca Knowles sold 1,083 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $162.55, for a total transaction of $176,041.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman John H. Hammergren sold 225,000 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $151.67, for a total value of $34,125,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 952,066 shares of company stock worth $145,736,987. Company insiders own 1.20% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Scotia Capital Inc. Purchases 7,650 Shares of McKesson Corporation (MCK)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/11/scotia-capital-inc-purchases-7650-shares-of-mckesson-corporation-mck.html.

Several research firms recently weighed in on MCK. UBS AG restated a “neutral” rating and issued a $166.00 price objective (up from $156.00) on shares of McKesson Corporation in a report on Monday, June 26th. BidaskClub downgraded shares of McKesson Corporation from a “hold” rating to a “sell” rating in a report 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 target price for the company in a report on Thursday, July 27th. Vetr downgraded shares of McKesson Corporation from a “strong-buy” rating to a “buy” rating and set a $187.51 target price for the company. in a report on Monday, July 17th. Finally, Robert W. Baird upgraded shares of McKesson Corporation from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $175.00 to $178.00 in a report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $172.45.

McKesson Corporation 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.

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Institutional Ownership by Quarter for McKesson Corporation (NYSE:MCK)

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