CWA Asset Administration Group LLC purchased a brand new place in McKesson Co. (NYSE:MCK – Free Report) throughout the third quarter, based on its most up-to-date Kind 13F submitting with the Securities & Change Fee. The fund purchased 841 shares of the corporate’s inventory, valued at roughly $416,000.
A lot of different institutional buyers have additionally lately modified their holdings of MCK. Distillate Capital Companions LLC boosted its stake in McKesson by 127,542.9% within the 2nd quarter. Distillate Capital Companions LLC now owns 35,740 shares of the corporate’s inventory value $20,874,000 after buying a further 35,712 shares within the final quarter. Chase Funding Counsel Corp lifted its stake in shares of McKesson by 50.8% within the second quarter. Chase Funding Counsel Corp now owns 8,985 shares of the corporate’s inventory value $5,247,000 after shopping for a further 3,027 shares within the final quarter. Wealthspire Advisors LLC grew its holdings in shares of McKesson by 8.9% throughout the second quarter. Wealthspire Advisors LLC now owns 1,623 shares of the corporate’s inventory valued at $948,000 after shopping for a further 133 shares over the last quarter. Councilmark Asset Administration LLC purchased a brand new stake in shares of McKesson throughout the first quarter valued at roughly $5,160,000. Lastly, Vaughan David Investments LLC IL bought a brand new place in McKesson within the 2nd quarter value roughly $238,000. 85.07% of the inventory is owned by hedge funds and different institutional buyers.
McKesson Inventory Up 0.4 %
MCK inventory opened at $615.59 on Tuesday. The enterprise’s 50-day transferring common worth is $513.03 and its 200-day transferring common worth is $551.85. The inventory has a market cap of $79.83 billion, a P/E ratio of 31.75, a PEG ratio of 1.39 and a beta of 0.44. McKesson Co. has a twelve month low of $431.35 and a twelve month excessive of $637.51.
McKesson (NYSE:MCK – Get Free Report) final posted its quarterly earnings outcomes on Wednesday, November sixth. The corporate reported $7.07 earnings per share for the quarter, topping analysts’ consensus estimates of $6.88 by $0.19. The enterprise had income of $93.65 billion throughout the quarter, in comparison with analyst estimates of $89.33 billion. McKesson had a web margin of 0.77% and a adverse return on fairness of 207.50%. The corporate’s income was up 21.3% on a year-over-year foundation. Throughout the identical interval within the prior 12 months, the enterprise posted $6.23 earnings per share. On common, equities analysis analysts count on that McKesson Co. will publish 32.81 earnings per share for the present fiscal 12 months.
McKesson Proclaims Dividend
The agency additionally lately disclosed a quarterly dividend, which will probably be paid on Thursday, January 2nd. Stockholders of document on Monday, December 2nd will probably be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized foundation and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, December 2nd. McKesson’s dividend payout ratio (DPR) is 14.71%.
Analyst Rankings Modifications
MCK has been the topic of quite a lot of analysis analyst reviews. Mizuho lifted their goal worth on McKesson from $540.00 to $570.00 and gave the inventory a “impartial” ranking in a report on Thursday, August eighth. Leerink Companions decreased their goal worth on McKesson from $665.00 to $630.00 and set an “outperform” ranking for the corporate in a analysis report on Monday, October seventh. Citigroup dropped their worth goal on shares of McKesson from $670.00 to $630.00 and set a “purchase” ranking on the inventory in a report on Tuesday, September tenth. Baird R W raised shares of McKesson from a “maintain” ranking to a “strong-buy” ranking in a report on Thursday, November seventh. Lastly, Wells Fargo & Firm dropped their goal worth on shares of McKesson from $576.00 to $535.00 and set an “equal weight” ranking on the inventory in a report on Friday, September thirteenth. Two analysts have rated the inventory with a maintain ranking, fourteen have issued a purchase ranking and one has assigned a robust purchase ranking to the inventory. Based mostly on knowledge from MarketBeat.com, the corporate has a consensus ranking of “Reasonable Purchase” and a median goal worth of $625.64.
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Insider Shopping for and Promoting
In different McKesson information, CEO Brian S. Tyler bought 3,753 shares of the inventory in a transaction that occurred on Thursday, September fifth. The shares had been bought at a median worth of $561.10, for a complete transaction of $2,105,808.30. Following the completion of the sale, the chief govt officer now straight owns 78,586 shares of the corporate’s inventory, valued at $44,094,604.60. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a submitting with the SEC, which is accessible by means of the SEC web site. 0.11% of the inventory is at present owned by firm insiders.
About McKesson
McKesson Company supplies healthcare companies in the USA and internationally. It operates by means of 4 segments: U.S. Pharmaceutical, Prescription Expertise Options (RxTS), Medical-Surgical Options, and Worldwide. The U.S. Pharmaceutical section distributes branded, generic, specialty, biosimilar and over-the-counter pharmaceutical medicine, and different healthcare-related merchandise.
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