Madison Investment Holdings Inc. lifted its position in shares of McKesson Co. (NYSE:MCK) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,188 shares of the company’s stock after buying an additional 600 shares during the quarter. Madison Investment Holdings Inc.’s holdings in McKesson were worth $5,020,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC bought a new position in shares of McKesson during the 3rd quarter worth $155,000. Community Financial Services Group LLC bought a new position in shares of McKesson during the 4th quarter worth $204,000. Biltmore Wealth Management LLC bought a new position in shares of McKesson during the 3rd quarter worth $206,000. Sawyer & Company Inc bought a new position in shares of McKesson during the 4th quarter worth $208,000. Finally, Aries Wealth Management bought a new position in shares of McKesson during the 4th quarter worth $218,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of McKesson Co. (MCK) opened at $152.65 on Friday. McKesson Co. has a 12-month low of $133.82 and a 12-month high of $178.86. The firm has a market capitalization of $30,969.46, a PE ratio of 6.76, a P/E/G ratio of 1.36 and a beta of 1.23. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.61 and a current ratio of 1.07.
McKesson (NYSE:MCK) last issued its quarterly earnings results on Thursday, February 1st. The company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.49. The business had revenue of $53.62 billion during the quarter, compared to the consensus estimate of $51.98 billion. McKesson had a return on equity of 22.98% and a net margin of 2.34%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $3.04 earnings per share. equities analysts expect that McKesson Co. will post 12.71 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 1st will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.89%. The ex-dividend date is Wednesday, February 28th. McKesson’s dividend payout ratio is presently 6.03%.
A number of research firms have recently issued reports on MCK. Zacks Investment Research downgraded McKesson from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine downgraded McKesson from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Credit Suisse Group reissued a “sell” rating and set a $130.00 price target on shares of McKesson in a research report on Friday, February 2nd. Mizuho dropped their price target on McKesson from $186.00 to $179.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Finally, Jefferies Group raised McKesson from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $177.79.
In other McKesson news, Chairman John H. Hammergren sold 65,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $160.00, for a total value of $10,400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.
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McKesson Company Profile
McKesson Corporation is a healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology company. The Company provides medicines, medical products and healthcare services by partnering with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare.
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