McKesson Co. (MCK) Stake Lessened by LSV Asset Management
LSV Asset Management decreased its holdings in McKesson Co. (NYSE:MCK) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,320,403 shares of the company’s stock after selling 4,806 shares during the quarter. LSV Asset Management’s holdings in McKesson were worth $145,864,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in shares of McKesson by 48.8% in the third quarter. Nordea Investment Management AB now owns 3,300,839 shares of the company’s stock worth $437,856,000 after purchasing an additional 1,082,398 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of McKesson by 11.4% in the third quarter. Pzena Investment Management LLC now owns 3,160,195 shares of the company’s stock worth $419,200,000 after purchasing an additional 323,485 shares in the last quarter. Baupost Group LLC MA grew its stake in shares of McKesson by 33.7% in the third quarter. Baupost Group LLC MA now owns 2,175,700 shares of the company’s stock worth $288,607,000 after purchasing an additional 548,000 shares in the last quarter. Kiltearn Partners LLP grew its stake in shares of McKesson by 9.1% in the third quarter. Kiltearn Partners LLP now owns 2,040,651 shares of the company’s stock worth $270,692,000 after purchasing an additional 170,753 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of McKesson by 13.6% in the third quarter. American Century Companies Inc. now owns 1,735,496 shares of the company’s stock worth $230,214,000 after purchasing an additional 207,533 shares in the last quarter. 91.31% of the stock is owned by institutional investors.
In other news, EVP Lori A. Schechter sold 7,700 shares of the company’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $122.96, for a total transaction of $946,792.00. Following the completion of the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $1,229,600. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.87% of the company’s stock.
Shares of MCK stock opened at $130.43 on Tuesday. McKesson Co. has a fifty-two week low of $106.11 and a fifty-two week high of $160.87. The stock has a market cap of $25.02 billion, a P/E ratio of 10.34, a PEG ratio of 1.34 and a beta of 1.25. The company has a quick ratio of 0.57, a current ratio of 1.02 and a debt-to-equity ratio of 0.81.
McKesson (NYSE:MCK) last announced its earnings results on Thursday, January 31st. The company reported $3.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.18 by $0.22. McKesson had a positive return on equity of 27.83% and a negative net margin of 0.15%. The business had revenue of $56.21 billion during the quarter, compared to analysts’ expectations of $55.27 billion. During the same quarter last year, the business posted $3.41 earnings per share. As a group, sell-side analysts predict that McKesson Co. will post 13.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, February 28th. This represents a $1.56 annualized dividend and a yield of 1.20%. McKesson’s dividend payout ratio is currently 12.36%.
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McKesson Corporation provides pharmaceuticals and medical supplies in the United States and internationally. It operates in three segments: U.S. Pharmaceutical and Specialty Solutions, European Pharmaceutical Solutions, and Medical-Surgical Solutions. The company distributes branded, generic, specialty, biosimilar, and over-the-counter pharmaceutical drugs, as well as other healthcare-related products; and offers practice management, technology, clinical support, and business solutions to community-based oncology and other specialty practices.
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