McKesson Corporation (NYSE:MCK) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of McKesson Corporation (NYSE:MCK) have earned an average rating of “Moderate Buy” from the seventeen brokerages that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $899.3571.

A number of research analysts have weighed in on MCK shares. Weiss Ratings restated a “buy (a-)” rating on shares of McKesson in a report on Monday, December 29th. UBS Group raised their price target on shares of McKesson from $920.00 to $980.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Zacks Research lowered shares of McKesson from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of McKesson in a report on Wednesday, December 10th. Finally, Robert W. Baird set a $968.00 target price on shares of McKesson in a research note on Wednesday, January 14th.

McKesson Trading Up 1.1%

Shares of McKesson stock opened at $831.32 on Friday. The firm has a market capitalization of $102.61 billion, a PE ratio of 25.87, a P/E/G ratio of 1.35 and a beta of 0.41. McKesson has a twelve month low of $570.51 and a twelve month high of $895.58. The firm’s 50-day moving average price is $828.09 and its 200 day moving average price is $773.56.

McKesson (NYSE:MCK) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $9.86 EPS for the quarter, topping the consensus estimate of $8.84 by $1.02. The company had revenue of $103.15 billion during the quarter, compared to analyst estimates of $103.80 billion. McKesson had a negative return on equity of 248.14% and a net margin of 1.04%.McKesson’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $7.07 EPS. On average, sell-side analysts predict that McKesson will post 32.77 EPS for the current fiscal year.

McKesson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd. McKesson’s dividend payout ratio (DPR) is currently 10.21%.

Insiders Place Their Bets

In other news, CAO Napoleon B. Rutledge, Jr. sold 329 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $861.63, for a total transaction of $283,476.27. Following the transaction, the chief accounting officer owned 328 shares of the company’s stock, valued at approximately $282,614.64. The trade was a 50.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas L. Rodgers sold 276 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $816.18, for a total transaction of $225,265.68. Following the completion of the sale, the executive vice president directly owned 2,268 shares of the company’s stock, valued at $1,851,096.24. This represents a 10.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On McKesson

Several institutional investors and hedge funds have recently bought and sold shares of the company. GGM Financials LLC acquired a new position in McKesson in the third quarter valued at approximately $25,000. Solstein Capital LLC increased its stake in McKesson by 171.4% during the second quarter. Solstein Capital LLC now owns 38 shares of the company’s stock worth $28,000 after acquiring an additional 24 shares during the last quarter. State of Wyoming purchased a new stake in McKesson in the second quarter valued at $29,000. GFG Capital LLC acquired a new position in shares of McKesson in the 2nd quarter valued at $30,000. Finally, Hopwood Financial Services Inc. purchased a new position in shares of McKesson during the 3rd quarter worth $31,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

About McKesson

McKesson Corporation (NYSE: MCK) is a global healthcare services and distribution company that supplies pharmaceuticals, medical-surgical products and health care technology solutions. Founded in 1833 and headquartered in Irving, Texas, McKesson operates across the drug distribution and healthcare services value chain, connecting manufacturers, pharmacies, hospitals and health systems to help manage the movement of medicines and clinical supplies.

The company’s core activities include pharmaceutical wholesale distribution and logistics, specialty pharmacy services, and the provision of medical-surgical supplies to acute and non-acute care providers.