Inlet Private Wealth LLC Sells 655 Shares of McKesson Corporation $MCK

Inlet Private Wealth LLC trimmed its holdings in shares of McKesson Corporation (NYSE:MCK) by 3.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,372 shares of the company’s stock after selling 655 shares during the period. McKesson comprises about 4.1% of Inlet Private Wealth LLC’s portfolio, making the stock its 3rd biggest holding. Inlet Private Wealth LLC’s holdings in McKesson were worth $17,531,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Obsidian Personal Planning Solutions LLC increased its position in McKesson by 2.9% during the third quarter. Obsidian Personal Planning Solutions LLC now owns 426 shares of the company’s stock worth $346,000 after buying an additional 12 shares during the last quarter. IAM Advisory LLC increased its position in McKesson by 0.3% during the third quarter. IAM Advisory LLC now owns 3,908 shares of the company’s stock worth $3,019,000 after buying an additional 13 shares during the last quarter. PDS Planning Inc increased its position in McKesson by 1.1% during the third quarter. PDS Planning Inc now owns 1,209 shares of the company’s stock worth $934,000 after buying an additional 13 shares during the last quarter. Berkshire Asset Management LLC PA increased its position in McKesson by 4.6% during the third quarter. Berkshire Asset Management LLC PA now owns 294 shares of the company’s stock worth $227,000 after buying an additional 13 shares during the last quarter. Finally, Norden Group LLC increased its position in McKesson by 4.3% during the fourth quarter. Norden Group LLC now owns 317 shares of the company’s stock worth $260,000 after buying an additional 13 shares during the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MCK has been the topic of several analyst reports. Robert W. Baird set a $968.00 target price on shares of McKesson in a research report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of McKesson in a research report on Wednesday, December 10th. Weiss Ratings cut shares of McKesson from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, February 5th. Raymond James Financial set a $970.00 price target on shares of McKesson in a report on Thursday, March 5th. Finally, Wall Street Zen upgraded shares of McKesson from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $970.93.

McKesson Stock Performance

NYSE MCK opened at $855.97 on Tuesday. The firm has a 50-day simple moving average of $913.18 and a 200 day simple moving average of $847.86. McKesson Corporation has a twelve month low of $637.00 and a twelve month high of $999.00. The stock has a market cap of $104.85 billion, a PE ratio of 24.62, a PEG ratio of 1.26 and a beta of 0.42.

McKesson (NYSE:MCK) last released its earnings results on Wednesday, February 4th. The company reported $9.34 earnings per share for the quarter, beating the consensus estimate of $9.19 by $0.15. McKesson had a net margin of 1.09% and a negative return on equity of 338.97%. The business had revenue of $106.16 billion during the quarter, compared to analysts’ expectations of $105.98 billion. During the same quarter last year, the company earned $8.03 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. McKesson has set its FY 2026 guidance at 38.800-39.200 EPS. Research analysts forecast that McKesson Corporation will post 32.77 earnings per share for the current fiscal year.

McKesson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, March 2nd. McKesson’s dividend payout ratio (DPR) is presently 9.43%.

Insider Activity at McKesson

In related news, CAO Napoleon B. Rutledge, Jr. sold 328 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $955.00, for a total value of $313,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maria Martinez sold 349 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $939.87, for a total transaction of $328,014.63. Following the completion of 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,592 shares of company stock worth $3,518,555 in the last three months. Corporate insiders own 0.08% of the company’s stock.

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.