McKesson Corporation $MCK Shares Purchased by Advisory Services Network LLC

Advisory Services Network LLC lifted its holdings in shares of McKesson Corporation (NYSE:MCK) by 4.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,787 shares of the company’s stock after buying an additional 735 shares during the period. Advisory Services Network LLC’s holdings in McKesson were worth $12,197,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of McKesson by 2.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 27,032 shares of the company’s stock valued at $20,883,000 after buying an additional 600 shares during the period. Morningstar Investment Management LLC boosted its position in McKesson by 2,451.4% during the third quarter. Morningstar Investment Management LLC now owns 15,130 shares of the company’s stock valued at $11,689,000 after purchasing an additional 14,537 shares during the last quarter. SHUTTLEWORTH & Co bought a new stake in McKesson in the third quarter worth approximately $2,297,000. Armistice Capital LLC acquired a new position in shares of McKesson during the 3rd quarter valued at about $4,522,000. Finally, CANADA LIFE ASSURANCE Co raised its holdings in McKesson by 0.9% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 187,803 shares of the company’s stock worth $143,092,000 after acquiring an additional 1,669 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MCK shares. Raymond James Financial set a $970.00 price objective on shares of McKesson in a report on Thursday, March 5th. Evercore reaffirmed an “outperform” rating on shares of McKesson in a research note on Thursday, March 5th. Weiss Ratings cut McKesson from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, February 5th. Mizuho boosted their target price on McKesson from $880.00 to $885.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen cut McKesson from a “buy” rating to a “hold” rating in a research note on Saturday. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $960.93.

McKesson Trading Down 0.1%

Shares of MCK stock opened at $942.57 on Wednesday. McKesson Corporation has a 1-year low of $637.00 and a 1-year high of $999.00. The stock has a 50-day moving average of $898.61 and a 200-day moving average of $830.00. The stock has a market cap of $115.45 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.52 and a beta of 0.38.

McKesson (NYSE:MCK) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $9.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.19 by $0.15. The company had revenue of $106.16 billion for the quarter, compared to the consensus estimate of $105.98 billion. McKesson had a negative return on equity of 338.97% and a net margin of 1.09%.The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $8.03 EPS. McKesson has set its FY 2026 guidance at 38.800-39.200 EPS. Sell-side analysts forecast that McKesson Corporation will post 32.77 earnings per share for the current 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 dividend of $0.82 per share. The ex-dividend date is Monday, March 2nd. This represents a $3.28 annualized dividend and a yield of 0.3%. McKesson’s dividend payout ratio is 9.43%.

Insider Buying and Selling

In related news, Director Maria Martinez sold 349 shares of McKesson stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $939.87, for a total value of $328,014.63. Following the sale, the director owned 301 shares of the company’s stock, valued at approximately $282,900.87. The trade was a 53.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Leann B. Smith sold 190 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $945.00, for a total transaction of $179,550.00. Following the sale, the executive vice president directly owned 2,989 shares in the company, valued at approximately $2,824,605. This trade represents a 5.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,868 shares of company stock valued at $3,743,820 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

McKesson Company Profile

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.