TheStreet cut shares of McKesson Corporation (NYSE:MCK) from a b rating to a c+ rating in a research note published on Friday morning.

Other equities analysts have also recently issued research reports about the stock. UBS AG lifted their target price on shares of McKesson Corporation from $145.00 to $156.00 and gave the stock a neutral rating in a research report on Friday, May 19th. Barclays PLC set a $187.00 target price on shares of McKesson Corporation and gave the stock a buy rating in a research report on Sunday, June 4th. Vetr upgraded shares of McKesson Corporation from a hold rating to a buy rating and set a $174.15 target price for the company in a research report on Thursday, May 25th. Morgan Stanley lifted their target price on shares of McKesson Corporation from $165.00 to $179.00 and gave the stock an overweight rating in a research report on Thursday, May 25th. Finally, Leerink Swann set a $140.00 target price on shares of McKesson Corporation and gave the stock a hold rating in a research report on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $171.21.

McKesson Corporation (NYSE:MCK) opened at 148.33 on Friday. The stock’s 50 day moving average price is $157.94 and its 200-day moving average price is $152.42. The stock has a market cap of $31.19 billion, a price-to-earnings ratio of 6.73 and a beta of 1.13. McKesson Corporation has a 12 month low of $114.53 and a 12 month high of $186.28.

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

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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 0.92%. McKesson Corporation’s dividend payout ratio is 5.00%.

In related news, SVP Erin M. Lampert sold 809 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $160.66, for a total transaction of $129,973.94. Following the completion of the transaction, the senior vice president now owns 59 shares of the company’s stock, valued at $9,478.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director M Christine Jacobs sold 1,083 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $145.43, for a total transaction of $157,500.69. The disclosure for this sale can be found here. Insiders have sold 41,594 shares of company stock valued at $6,787,764 in the last ninety days. 1.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its position in shares of McKesson Corporation by 0.9% in the first quarter. Wellington Management Group LLP now owns 22,730,846 shares of the company’s stock valued at $3,370,074,000 after buying an additional 192,254 shares during the period. BlackRock Inc. raised its position in shares of McKesson Corporation by 8.0% in the second quarter. BlackRock Inc. now owns 15,330,001 shares of the company’s stock valued at $2,522,396,000 after buying an additional 1,131,024 shares during the period. Vanguard Group Inc. raised its position in shares of McKesson Corporation by 0.4% in the second quarter. Vanguard Group Inc. now owns 14,090,544 shares of the company’s stock valued at $2,318,457,000 after buying an additional 62,004 shares during the period. Ballentine Partners LLC bought a new position in shares of McKesson Corporation during the first quarter valued at approximately $191,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of McKesson Corporation by 3.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,927,553 shares of the company’s stock valued at $730,560,000 after buying an additional 180,107 shares during the period. 85.26% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for McKesson Corporation (NYSE:MCK)

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