Key Points
- McKesson CAO Napoleon Rutledge, Jr. sold 133 shares on June 5 at an average price of $764, totaling about $101,612. The sale was made under a pre-arranged Rule 10b5-1 plan, and he still owns 632 shares afterward.
- McKesson reported strong quarterly earnings, posting $11.69 EPS and beating analyst estimates, while revenue rose 6% year over year to $96.3 billion. The company also issued FY 2027 EPS guidance of 43.8 to 44.6.
- Analysts remain broadly positive on the stock, with 14 Buy ratings and 3 Hold ratings and a consensus Moderate Buy target price of $968.87. The article also notes McKesson recently declared a quarterly dividend of $0.82 per share, payable July 1.
McKesson Corporation (NYSE:MCK - Get Free Report) CAO Napoleon Rutledge, Jr. sold 133 shares of the company's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $764.00, for a total value of $101,612.00. Following the completion of the sale, the chief accounting officer owned 632 shares in the company, valued at $482,848. The trade was a 17.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
McKesson Trading Down 1.1%
Shares of NYSE:MCK opened at $767.06 on Tuesday. The stock has a fifty day simple moving average of $804.38 and a two-hundred day simple moving average of $848.26. McKesson Corporation has a 12-month low of $637.00 and a 12-month high of $999.00. The stock has a market capitalization of $92.20 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.28 and a beta of 0.31.
McKesson (NYSE:MCK - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $11.69 earnings per share for the quarter, beating the consensus estimate of $11.56 by $0.13. The firm had revenue of $96.30 billion during the quarter, compared to the consensus estimate of $101.35 billion. McKesson had a negative return on equity of 345.35% and a net margin of 1.18%.The company's revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $10.12 earnings per share. McKesson has set its FY 2027 guidance at 43.800-44.600 EPS. As a group, equities research analysts predict that McKesson Corporation will post 44.28 EPS for the current year.
McKesson Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, June 1st. McKesson's dividend payout ratio (DPR) is currently 8.53%.
Wall Street Analysts Forecast Growth
MCK has been the topic of several analyst reports. Raymond James Financial set a $970.00 target price on shares of McKesson in a research note on Thursday, March 5th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $875.00 price target on shares of McKesson in a research report on Friday, May 8th. Bank of America lowered their price objective on McKesson from $1,040.00 to $1,000.00 and set a "buy" rating on the stock in a research report on Monday, April 6th. Wall Street Zen upgraded McKesson from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings lowered McKesson from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday, May 18th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $968.87.
Check Out Our Latest Report on MCK
Institutional Trading of McKesson
Large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of McKesson during the 4th quarter worth $1,651,137,000. Swedbank AB increased its stake in shares of McKesson by 42.2% in the 4th quarter. Swedbank AB now owns 886,283 shares of the company's stock worth $727,009,000 after purchasing an additional 263,189 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of McKesson by 4,300.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 214,693 shares of the company's stock worth $185,787,000 after purchasing an additional 209,814 shares in the last quarter. SurgoCap Partners LP raised its holdings in McKesson by 68.7% in the 3rd quarter. SurgoCap Partners LP now owns 452,261 shares of the company's stock worth $349,390,000 after purchasing an additional 184,106 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in McKesson by 73.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 432,578 shares of the company's stock worth $354,839,000 after purchasing an additional 183,590 shares during the period. 85.07% of the stock is currently owned by institutional investors.
McKesson Company Profile
(
Get Free Report)
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.
Further Reading
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