McKesson Corporation $MCK Shares Sold by WD Rutherford LLC

WD Rutherford LLC decreased its position in McKesson Corporation (NYSE:MCK) by 13.3% in the first quarter, Holdings Channel reports. The institutional investor owned 4,779 shares of the company’s stock after selling 732 shares during the period. McKesson accounts for about 1.8% of WD Rutherford LLC’s portfolio, making the stock its 25th largest position. WD Rutherford LLC’s holdings in McKesson were worth $4,136,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of McKesson during the 4th quarter worth about $25,000. Swiss RE Ltd. purchased a new position in shares of McKesson in the 4th quarter valued at about $26,000. State of Wyoming acquired a new position in McKesson in the 2nd quarter worth about $29,000. Board of the Pension Protection Fund acquired a new position in McKesson in the 4th quarter worth about $33,000. Finally, Kingdom Financial Group LLC. purchased a new position in McKesson during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on MCK shares. Weiss Ratings lowered McKesson from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. UBS Group upped their target price on McKesson from $1,000.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Evercore reiterated an “outperform” rating on shares of McKesson in a research report on Thursday, March 5th. Bank of America dropped their price target on shares of McKesson from $1,040.00 to $1,000.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Finally, William Blair began coverage on shares of McKesson in a report on Tuesday, April 28th. They issued an “outperform” rating for the company. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, McKesson currently has an average rating of “Moderate Buy” and a consensus target price of $960.53.

McKesson Trading Up 1.8%

MCK stock opened at $768.98 on Thursday. McKesson Corporation has a 12-month low of $637.00 and a 12-month high of $999.00. The business’s 50-day moving average is $771.21 and its 200 day moving average is $839.55. The stock has a market cap of $90.03 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 1.24 and a beta of 0.31.

McKesson (NYSE:MCK) last announced its earnings results on Thursday, May 7th. The company reported $11.69 EPS for the quarter, beating analysts’ consensus estimates of $11.56 by $0.13. The business had revenue of $96.30 billion during the quarter, compared to analysts’ expectations of $101.35 billion. McKesson had a negative return on equity of 345.35% and a net margin of 1.18%.The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.12 earnings per share. McKesson has set its FY 2027 guidance at 43.800-44.600 EPS. As a group, equities analysts forecast that McKesson Corporation will post 44.28 EPS for the current fiscal year.

McKesson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st were issued a $0.82 dividend. The ex-dividend date was Monday, June 1st. This represents a $3.28 dividend on an annualized basis and a yield of 0.4%. McKesson’s dividend payout ratio (DPR) is presently 8.53%.

Insider Transactions at McKesson

In other McKesson news, CAO Napoleon B. Rutledge, Jr. sold 133 shares of McKesson stock in a transaction on Friday, June 5th. The shares were sold at an average price of $764.00, for a total transaction of $101,612.00. Following the sale, the chief accounting officer owned 632 shares of the company’s stock, valued at $482,848. The trade was a 17.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thomas L. Rodgers sold 2,388 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $761.09, for a total transaction of $1,817,482.92. Following the sale, the executive vice president directly owned 3,090 shares of the company’s stock, valued at $2,351,768.10. The trade was a 43.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 20,285 shares of company stock worth $15,546,137. Company insiders own 0.06% of the company’s stock.

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.