Key Points
- McKesson CEO Brian Tyler sold 4,929 shares on June 9 at an average price of $763.00, totaling about $3.76 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Tyler still owned 22,845 shares worth roughly $17.43 million, but his direct holdings fell by 17.75%.
- McKesson shares were down slightly, while the company continues to show solid earnings performance: its latest quarterly EPS beat estimates, and analysts still have a Moderate Buy consensus with a $960.53 average price target.
McKesson Corporation (NYSE:MCK - Get Free Report) CEO Brian Tyler sold 4,929 shares of McKesson stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $763.00, for a total transaction of $3,760,827.00. Following the transaction, the chief executive officer directly owned 22,845 shares of the company's stock, valued at approximately $17,430,735. This trade represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
McKesson Stock Down 0.3%
Shares of NYSE:MCK opened at $788.44 on Friday. The stock's 50 day moving average is $799.89 and its 200-day moving average is $846.79. The firm has a market capitalization of $94.77 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.30 and a beta of 0.31. McKesson Corporation has a twelve month low of $637.00 and a twelve month high of $999.00.
McKesson (NYSE:MCK - Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $11.69 earnings per share for the quarter, topping analysts' consensus estimates of $11.56 by $0.13. McKesson had a negative return on equity of 345.35% and a net margin of 1.18%.The company had revenue of $96.30 billion during the quarter, compared to the consensus estimate of $101.35 billion. During the same quarter in the previous year, the company posted $10.12 EPS. McKesson's quarterly revenue was up 6.0% compared to the same quarter last year. McKesson has set its FY 2027 guidance at 43.800-44.600 EPS. Equities research analysts anticipate that McKesson Corporation will post 44.28 earnings per share for the current fiscal year.
McKesson Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, June 1st. McKesson's dividend payout ratio is presently 8.53%.
Wall Street Analysts Forecast Growth
MCK has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price target on McKesson from $1,107.00 to $1,015.00 and set an "overweight" rating for the company in a report on Friday, May 8th. Barclays dropped their price target on shares of McKesson from $1,050.00 to $925.00 and set an "overweight" rating for the company in a research note on Wednesday. Weiss Ratings downgraded shares of McKesson from a "buy (b+)" rating to a "buy (b)" rating in a research report on Monday, May 18th. Raymond James Financial set a $970.00 price target on shares of McKesson in a research note on Thursday, March 5th. Finally, Evercore reissued an "outperform" rating on shares of McKesson in a report on Thursday, March 5th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $960.53.
View Our Latest Stock Report on McKesson
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC raised its position in McKesson by 46.3% in the 4th quarter. Brighton Jones LLC now owns 2,523 shares of the company's stock worth $1,438,000 after buying an additional 798 shares during the last quarter. Caxton Associates LLP bought a new stake in McKesson during the first quarter valued at about $233,000. Sivia Capital Partners LLC raised its stake in McKesson by 77.9% in the second quarter. Sivia Capital Partners LLC now owns 685 shares of the company's stock valued at $502,000 after buying an additional 300 shares during the last quarter. Treasurer of the State of North Carolina raised its position in McKesson by 0.9% during the second quarter. Treasurer of the State of North Carolina now owns 58,623 shares of the company's stock valued at $42,958,000 after acquiring an additional 508 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in McKesson in the second quarter valued at approximately $166,000. 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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