McKesson Corporation (MCK) Stake Raised by Security National Bank of SO Dak

Security National Bank of SO Dak grew its position in shares of McKesson Corporation (NYSE:MCK) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,461 shares of the company’s stock after buying an additional 165 shares during the quarter. Security National Bank of SO Dak’s holdings in McKesson Corporation were worth $899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of McKesson Corporation by 0.9% during the first quarter. Wellington Management Group LLP now owns 22,730,846 shares of the company’s stock valued at $3,370,074,000 after buying an additional 192,254 shares during the last quarter. BlackRock Inc. grew its holdings in shares of McKesson Corporation by 8.0% during the second quarter. BlackRock Inc. now owns 15,330,001 shares of the company’s stock valued at $2,522,396,000 after buying an additional 1,131,024 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of McKesson Corporation by 0.4% during the second quarter. Vanguard Group Inc. now owns 14,090,544 shares of the company’s stock valued at $2,318,457,000 after buying an additional 62,004 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of McKesson Corporation during the first quarter valued at approximately $191,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of McKesson Corporation by 3.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,927,553 shares of the company’s stock valued at $730,560,000 after buying an additional 180,107 shares during the last quarter. Hedge funds and other institutional investors own 85.19% of the company’s stock.

McKesson Corporation (MCK) traded up 0.77% on Tuesday, reaching $149.28. 640,719 shares of the company’s stock traded hands. The stock has a market cap of $31.39 billion, a price-to-earnings ratio of 6.77 and a beta of 1.17. The stock has a 50 day moving average price of $151.62 and a 200 day moving average price of $153.58. McKesson Corporation has a 12-month low of $114.53 and a 12-month high of $169.29.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 1st were issued a $0.34 dividend. This is an increase from McKesson Corporation’s previous quarterly dividend of $0.28. This represents a $1.36 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Wednesday, August 30th. McKesson Corporation’s dividend payout ratio is 6.07%.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.com-unik.info/2017/10/10/mckesson-corporation-mck-stake-raised-by-security-national-bank-of-so-dak.html.

In other news, Director Marie L/Ca Knowles sold 1,083 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $162.55, for a total value of $176,041.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman John H. Hammergren sold 225,000 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $151.67, for a total transaction of $34,125,750.00. The disclosure for this sale can be found here. Insiders sold a total of 952,066 shares of company stock worth $145,736,987 over the last ninety days. Insiders own 1.20% of the company’s stock.

A number of equities research analysts have recently commented on the stock. UBS AG reiterated a “neutral” rating and set a $166.00 price target (up previously from $156.00) on shares of McKesson Corporation in a report on Monday, June 26th. Vetr cut shares of McKesson Corporation from a “strong-buy” rating to a “buy” rating and set a $187.51 price target on the stock. in a report on Monday, July 17th. Leerink Swann increased their price target on shares of McKesson Corporation to $170.00 and gave the company a “market perform” rating in a report on Thursday, June 29th. Zacks Investment Research upgraded shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a report on Wednesday, July 12th. Finally, Jefferies Group LLC upgraded shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $153.00 price target on the stock in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $172.45.

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)

What are top analysts saying about McKesson Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for McKesson Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit