McKesson (NYSE:MCK) CAO Napoleon Rutledge Jr Sells 133 Shares

McKesson Corporation (NYSE:MCK) CAO Napoleon Rutledge, Jr. sold 133 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $764.00, for a total transaction of $101,612.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

McKesson Trading Down 0.8%

Shares of NYSE MCK traded down $6.48 during midday trading on Monday, hitting $769.18. 398,048 shares of the company’s stock were exchanged, compared to its average volume of 900,294. The business’s fifty day moving average price is $806.32 and its two-hundred day moving average price is $848.92. The company has a market cap of $92.46 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 1.28 and a beta of 0.31. McKesson Corporation has a 12-month low of $637.00 and a 12-month high of $999.00.

McKesson (NYSE:MCK) last released its quarterly earnings results on Thursday, May 7th. The company reported $11.69 EPS for the quarter, topping analysts’ consensus estimates of $11.56 by $0.13. McKesson had a net margin of 1.18% and a negative return on equity of 345.35%. The business had revenue of $96.30 billion during the quarter, compared to analysts’ expectations of $101.35 billion. During the same quarter in the previous year, the company earned $10.12 EPS. The business’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 analysts expect that McKesson Corporation will post 44.28 earnings per share for the current fiscal year.

McKesson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a $0.82 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $3.28 annualized dividend and a yield of 0.4%. McKesson’s dividend payout ratio is currently 8.53%.

Institutional Trading of McKesson

Several large investors have recently added to or reduced their stakes in the stock. GGM Financials LLC bought a new stake in shares of McKesson during the 3rd quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. bought a new position in McKesson in the fourth quarter worth about $25,000. Swiss RE Ltd. purchased a new stake in McKesson in the fourth quarter worth about $26,000. State of Wyoming bought a new stake in McKesson during the 2nd quarter valued at approximately $29,000. Finally, Hopwood Financial Services Inc. purchased a new position in shares of McKesson during the 3rd quarter worth approximately $31,000. Institutional investors own 85.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MCK. William Blair started coverage on shares of McKesson in a report on Tuesday, April 28th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. decreased their target price on shares of McKesson from $1,107.00 to $1,015.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Citigroup lowered their price target on shares of McKesson from $975.00 to $945.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Evercore restated an “outperform” rating on shares of McKesson in a research report on Thursday, March 5th. Finally, Barclays boosted their target price on McKesson from $960.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Wednesday, February 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $968.87.

McKesson Company Profile

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.