Key Points
- McKesson director Bradley Lerman sold 301 shares at an average price of $892.33, for total proceeds of $268,591.33.
- McKesson reported quarterly EPS of $9.93, beating estimates of $9.56, while revenue rose 7.7% year over year to $105.38 billion. The company set fiscal 2027 EPS guidance at $44.20–$45.00.
- The company increased its quarterly dividend to $0.94 per share, up from $0.82, while analysts maintain a “Moderate Buy” consensus with an average price target of $977.
McKesson Corporation (NYSE:MCK - Get Free Report) Director Bradley Lerman sold 301 shares of McKesson stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $892.33, for a total value of $268,591.33. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
McKesson Trading Up 2.5%
MCK opened at $901.66 on Wednesday. The stock's 50 day simple moving average is $806.83 and its 200-day simple moving average is $841.94. The stock has a market cap of $105.12 billion, a PE ratio of 24.13, a P/E/G ratio of 1.73 and a beta of 0.30. McKesson Corporation has a 1 year low of $637.00 and a 1 year high of $999.00.
McKesson (NYSE:MCK - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $9.93 EPS for the quarter, topping the consensus estimate of $9.56 by $0.37. McKesson had a negative return on equity of 253.21% and a net margin of 1.12%.The firm had revenue of $105.38 billion during the quarter, compared to analysts' expectations of $103.88 billion. During the same period last year, the business earned $8.26 earnings per share. McKesson's quarterly revenue was up 7.7% compared to the same quarter last year. McKesson has set its FY 2027 guidance at 44.200-45.000 EPS. Equities analysts forecast that McKesson Corporation will post 44.6 earnings per share for the current fiscal year.
McKesson Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from McKesson's previous quarterly dividend of $0.82. McKesson's payout ratio is 10.06%.
Analysts Set New Price Targets
A number of research firms recently weighed in on MCK. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $875.00 target price on shares of McKesson in a research note on Friday, May 8th. Weiss Ratings downgraded McKesson from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 7th. Wells Fargo & Company upped their price objective on McKesson from $812.00 to $933.00 and gave the company an "equal weight" rating in a research note on Tuesday. JPMorgan Chase & Co. dropped their target price 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. Finally, William Blair started coverage on McKesson in a research report on Tuesday, April 28th. They set an "outperform" rating for the company. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, McKesson currently has a consensus rating of "Moderate Buy" and an average target price of $977.00.
View Our Latest Analysis on MCK
Institutional Investors Weigh In On McKesson
Hedge funds have recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new position in McKesson in the fourth quarter valued at about $25,000. Swiss RE Ltd. acquired a new stake in shares of McKesson during the fourth quarter worth approximately $26,000. State of Wyoming acquired a new stake in shares of McKesson during the second quarter worth approximately $29,000. Kingdom Financial Group LLC. bought a new position in shares of McKesson in the fourth quarter valued at approximately $33,000. Finally, Birchwood Financial Partners Inc. bought a new position in shares of McKesson in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 85.07% of the company's stock.
About McKesson
(
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.
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