Oak Associates Ltd. OH Acquires 1,250 Shares of McKesson Corporation (MCK)

Oak Associates Ltd. OH increased its holdings in shares of McKesson Corporation (NYSE:MCK) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,200 shares of the company’s stock after acquiring an additional 1,250 shares during the period. Oak Associates Ltd. OH’s holdings in McKesson Corporation were worth $6,329,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Family Firm Inc. boosted its position in shares of McKesson Corporation by 0.3% during the 2nd quarter. Family Firm Inc. now owns 1,922 shares of the company’s stock valued at $316,000 after acquiring an additional 5 shares in the last quarter. Cypress Capital Group boosted its position in shares of McKesson Corporation by 0.3% during the 2nd quarter. Cypress Capital Group now owns 3,588 shares of the company’s stock valued at $590,000 after acquiring an additional 10 shares in the last quarter. Tompkins Financial Corp boosted its position in shares of McKesson Corporation by 2.3% during the 2nd quarter. Tompkins Financial Corp now owns 785 shares of the company’s stock valued at $129,000 after acquiring an additional 18 shares in the last quarter. First Financial Bank Trust Division boosted its position in shares of McKesson Corporation by 1.3% during the 2nd quarter. First Financial Bank Trust Division now owns 1,811 shares of the company’s stock valued at $298,000 after acquiring an additional 23 shares in the last quarter. Finally, SOL Capital Management CO boosted its position in shares of McKesson Corporation by 0.9% during the 2nd quarter. SOL Capital Management CO now owns 3,556 shares of the company’s stock valued at $585,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 85.93% of the company’s stock.

Several brokerages have recently weighed in on MCK. BidaskClub lowered shares of McKesson Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Needham & Company LLC reissued a “buy” rating and set a $173.00 price target (down from $178.00) on shares of McKesson Corporation in a report on Wednesday, November 1st. Jefferies Group LLC raised shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a report on Thursday, July 27th. Mizuho set a $168.00 price target on shares of McKesson Corporation and gave the company a “hold” rating in a report on Tuesday, October 24th. Finally, ValuEngine raised shares of McKesson Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $174.27.

Shares of McKesson Corporation (NYSE MCK) traded up $1.76 during midday trading on Wednesday, hitting $137.93. 1,688,491 shares of the company’s stock were exchanged, compared to its average volume of 1,841,509. McKesson Corporation has a one year low of $133.82 and a one year high of $169.29. The company has a market capitalization of $28,779.91, a P/E ratio of 11.35, a PEG ratio of 1.42 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.05.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, November 30th. McKesson Corporation’s dividend payout ratio is 6.45%.

In other news, SVP Erin M. Lampert sold 900 shares of McKesson Corporation stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $155.65, for a total transaction of $140,085.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director M Christine Jacobs sold 1,083 shares of McKesson Corporation stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $145.43, for a total transaction of $157,500.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 950,983 shares of company stock valued at $145,560,946. 1.20% of the stock is owned by corporate insiders.

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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.

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

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