Swiss National Bank decreased its holdings in McKesson Co. (NYSE:MCK) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 775,891 shares of the company’s stock after selling 2,100 shares during the quarter. Swiss National Bank’s holdings in McKesson were worth $121,000,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in MCK. Boston Partners raised its stake in shares of McKesson by 61.5% in the 4th quarter. Boston Partners now owns 1,815,132 shares of the company’s stock valued at $283,070,000 after buying an additional 691,476 shares in the last quarter. Baupost Group LLC MA acquired a new position in shares of McKesson in the 3rd quarter valued at $76,805,000. Pzena Investment Management LLC grew its holdings in shares of McKesson by 17.2% in the 3rd quarter. Pzena Investment Management LLC now owns 2,458,531 shares of the company’s stock worth $377,655,000 after purchasing an additional 360,676 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of McKesson by 51.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,017,320 shares of the company’s stock worth $156,273,000 after purchasing an additional 345,865 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of McKesson by 549.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 261,434 shares of the company’s stock worth $40,770,000 after purchasing an additional 221,205 shares during the last quarter. Institutional investors own 86.63% of the company’s stock.
Several research firms have recently weighed in on MCK. Zacks Investment Research lowered shares of McKesson from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Mizuho lowered their target price on shares of McKesson from $186.00 to $179.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Credit Suisse Group reaffirmed a “sell” rating and issued a $130.00 target price on shares of McKesson in a report on Friday, February 2nd. Needham & Company LLC upped their target price on shares of McKesson from $173.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $200.00 target price on shares of McKesson in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $178.97.
McKesson (NYSE:MCK) last issued its quarterly earnings data on Thursday, February 1st. The company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.49. McKesson had a net margin of 2.34% and a return on equity of 22.98%. The firm had revenue of $53.62 billion for the quarter, compared to analyst estimates of $51.98 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. The company’s revenue was up 7.0% on a year-over-year basis. equities analysts forecast that McKesson Co. will post 12.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, February 28th. McKesson’s dividend payout ratio is currently 6.03%.
In other McKesson news, Chairman John H. Hammergren sold 65,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $160.00, for a total transaction of $10,400,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.
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McKesson Corporation is a healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology company. The Company provides medicines, medical products and healthcare services by partnering with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare.
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