McKesson Corporation (NYSE:MCK) CEO John H. Hammergren sold 100,000 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $153.51, for a total transaction of $15,351,000.00. Following the completion of the sale, the chief executive officer now owns 165,000 shares of the company’s stock, valued at approximately $25,329,150. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

John H. Hammergren also recently made the following trade(s):

  • On Friday, September 22nd, John H. Hammergren sold 225,000 shares of McKesson Corporation stock. The shares were sold at an average price of $151.67, for a total transaction of $34,125,750.00.
  • On Wednesday, September 20th, John H. Hammergren sold 125,000 shares of McKesson Corporation stock. The shares were sold at an average price of $150.18, for a total transaction of $18,772,500.00.
  • On Friday, September 22nd, John H. Hammergren sold 100,000 shares of McKesson Corporation stock. The shares were sold at an average price of $153.53, for a total transaction of $15,353,000.00.

McKesson Corporation (NYSE:MCK) traded down 0.07% during trading on Friday, hitting $153.61. 1,440,111 shares of the company were exchanged. The company has a market capitalization of $32.30 billion, a price-to-earnings ratio of 6.97 and a beta of 1.16. McKesson Corporation has a 12 month low of $114.53 and a 12 month high of $169.29. The company has a 50-day moving average of $151.41 and a 200-day moving average of $153.02.

McKesson Corporation (NYSE:MCK) last issued its quarterly earnings results on Thursday, July 27th. The company reported $2.46 EPS for the quarter, missing the consensus estimate of $2.81 by ($0.35). McKesson Corporation had a return on equity of 25.76% and a net margin of 2.42%. The company had revenue of $51.05 billion for the quarter, compared to analyst estimates of $51.22 billion. During the same period last year, the company posted $3.50 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts forecast that McKesson Corporation will post $12.08 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be given a dividend of $0.34 per share. This is a positive change from McKesson Corporation’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, August 30th. This represents a $1.36 annualized dividend and a yield of 0.89%. McKesson Corporation’s dividend payout ratio is 6.07%.

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A number of hedge funds have recently modified their holdings of MCK. UBS Asset Management Americas Inc. increased its position in McKesson Corporation by 31.5% during the first quarter. UBS Asset Management Americas Inc. now owns 788,317 shares of the company’s stock worth $116,876,000 after purchasing an additional 189,035 shares during the last quarter. Teza Capital Management LLC acquired a new position in McKesson Corporation during the first quarter worth approximately $652,000. Morningstar Investment Services LLC increased its position in McKesson Corporation by 33.0% during the first quarter. Morningstar Investment Services LLC now owns 206,275 shares of the company’s stock worth $30,582,000 after purchasing an additional 51,198 shares during the last quarter. HGK Asset Management Inc. increased its position in McKesson Corporation by 8.7% during the first quarter. HGK Asset Management Inc. now owns 106,273 shares of the company’s stock worth $15,756,000 after purchasing an additional 8,492 shares during the last quarter. Finally, Montecito Bank & Trust increased its position in McKesson Corporation by 13.5% during the first quarter. Montecito Bank & Trust now owns 2,120 shares of the company’s stock worth $314,000 after purchasing an additional 252 shares during the last quarter. 85.16% of the stock is owned by hedge funds and other institutional investors.

MCK has been the subject of a number of recent research reports. Jefferies Group LLC upgraded shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a report on Thursday, July 27th. Vetr downgraded shares of McKesson Corporation from a “strong-buy” rating to a “buy” rating and set a $187.51 price objective for the company. in a report on Monday, July 17th. Zacks Investment Research upgraded shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a report on Wednesday, July 12th. Barclays PLC set a $187.00 price objective on shares of McKesson Corporation and gave the company a “buy” rating in a report on Sunday, June 4th. Finally, Needham & Company LLC upgraded shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. McKesson Corporation presently has a consensus rating of “Hold” and a consensus target price of $171.53.

About McKesson Corporation

McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The Company operates through two segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally.

Insider Buying and Selling by Quarter for McKesson Corporation (NYSE:MCK)

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