McKesson Corporation (NYSE:MCK) Shares Bought by Boston Advisors LLC

Boston Advisors LLC increased its position in shares of McKesson Corporation (NYSE:MCK) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,030 shares of the company’s stock after buying an additional 320 shares during the period. Boston Advisors LLC’s holdings in McKesson Corporation were worth $1,650,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Macquarie Group Ltd. raised its stake in shares of McKesson Corporation by 1.9% in the fourth quarter. Macquarie Group Ltd. now owns 49,668 shares of the company’s stock worth $6,976,000 after buying an additional 917 shares during the period. Fulton Bank N.A. bought a new stake in shares of McKesson Corporation during the first quarter worth about $248,000. Gulf International Bank UK Ltd raised its stake in shares of McKesson Corporation by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 69,265 shares of the company’s stock worth $10,269,000 after buying an additional 1,030 shares during the period. National Pension Service raised its stake in shares of McKesson Corporation by 2.8% in the first quarter. National Pension Service now owns 171,198 shares of the company’s stock worth $25,591,000 after buying an additional 4,673 shares during the period. Finally, P.R. Herzig & Co. Inc. bought a new stake in shares of McKesson Corporation during the first quarter worth about $215,000. 86.58% of the stock is owned by institutional investors.

McKesson Corporation (NYSE MCK) traded down 0.57% on Friday, hitting $146.00. 1,980,288 shares of the stock traded hands. The stock has a market cap of $30.70 billion, a price-to-earnings ratio of 6.62 and a beta of 1.13. The firm’s 50 day moving average is $160.21 and its 200 day moving average is $152.14. McKesson Corporation has a 52 week low of $114.53 and a 52 week high of $194.66.

McKesson Corporation (NYSE:MCK) last issued its quarterly earnings data on Thursday, July 27th. The company reported $2.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.81 by $0.35. The company had revenue of $51.05 billion during the quarter, compared to the consensus estimate of $51.22 billion. McKesson Corporation had a net margin of 2.42% and a return on equity of 25.76%. McKesson Corporation’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.50 earnings per share. Equities analysts anticipate that McKesson Corporation will post $12.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This is a positive change from McKesson Corporation’s previous quarterly dividend of $0.28. This represents a $1.36 annualized dividend and a dividend yield of 0.93%. McKesson Corporation’s dividend payout ratio is presently 5.00%.

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MCK has been the subject of a number of research reports. Leerink Swann reissued a “hold” rating and set a $140.00 target price on shares of McKesson Corporation in a research note on Friday, April 21st. Barclays PLC reaffirmed an “overweight” rating and issued a $174.00 price objective on shares of McKesson Corporation in a research note on Thursday, April 27th. Zacks Investment Research lowered shares of McKesson Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Vetr lowered shares of McKesson Corporation from a “strong-buy” rating to a “buy” rating and set a $157.86 price objective for the company. in a research note on Thursday, May 4th. Finally, Jefferies Group LLC initiated coverage on shares of McKesson Corporation in a research note on Wednesday, May 17th. They issued a “hold” rating and a $153.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $171.21.

In related news, SVP Erin M. Lampert sold 404 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $160.53, for a total transaction of $64,854.12. Following the transaction, the senior vice president now directly owns 2,003 shares of the company’s stock, valued at $321,541.59. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman John H. Hammergren sold 19,316 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $162.31, for a total transaction of $3,135,179.96. Following the transaction, the chairman now directly owns 96,644 shares in the company, valued at $15,686,287.64. The disclosure for this sale can be found here. Insiders sold 60,231 shares of company stock worth $9,830,297 over the last three months. Insiders own 1.20% of the company’s stock.

McKesson Corporation Company Profile

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.

Institutional Ownership by Quarter for McKesson Corporation (NYSE:MCK)

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