Kapitalo Investimentos Ltda Boosts Holdings in McKesson Co. (NYSE:MCK)

Kapitalo Investimentos Ltda lifted its position in shares of McKesson Co. (NYSE:MCKFree Report) by 35.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,643 shares of the company’s stock after purchasing an additional 431 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in McKesson were worth $761,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Sachetta LLC purchased a new stake in shares of McKesson during the 4th quarter worth about $27,000. Richardson Financial Services Inc. acquired a new position in McKesson during the 4th quarter worth approximately $31,000. BKM Wealth Management LLC acquired a new position in McKesson during the 4th quarter worth approximately $31,000. Carolinas Wealth Consulting LLC lifted its position in McKesson by 42.9% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 80 shares of the company’s stock worth $37,000 after acquiring an additional 24 shares in the last quarter. Finally, ICA Group Wealth Management LLC acquired a new position in McKesson during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MCK shares. StockNews.com lowered McKesson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. TD Cowen upped their target price on McKesson from $563.00 to $652.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Evercore ISI upped their target price on McKesson from $590.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Argus upped their target price on McKesson from $510.00 to $570.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, Barclays upped their price target on McKesson from $571.00 to $596.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $571.47.

Get Our Latest Report on MCK

McKesson Stock Performance

Shares of NYSE:MCK traded down $1.66 on Tuesday, hitting $595.79. The company’s stock had a trading volume of 62,395 shares, compared to its average volume of 701,810. McKesson Co. has a 12 month low of $395.30 and a 12 month high of $599.09. The company has a market capitalization of $77.45 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 1.38 and a beta of 0.47. The stock’s 50-day moving average is $552.34 and its two-hundred day moving average is $516.61.

McKesson (NYSE:MCKGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $6.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.34 by ($0.16). McKesson had a negative return on equity of 245.88% and a net margin of 0.97%. The business had revenue of $76.36 billion during the quarter, compared to the consensus estimate of $79.32 billion. During the same period in the previous year, the company posted $7.19 EPS. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities analysts expect that McKesson Co. will post 31.54 earnings per share for the current fiscal year.

McKesson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.48 annualized dividend and a yield of 0.42%. McKesson’s dividend payout ratio is currently 11.08%.

Insider Activity at McKesson

In related news, CFO Britt J. Vitalone sold 894 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $557.40, for a total transaction of $498,315.60. Following the completion of the transaction, the chief financial officer now owns 16,455 shares of the company’s stock, valued at $9,172,017. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Britt J. Vitalone sold 894 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $557.40, for a total transaction of $498,315.60. Following the completion of the sale, the chief financial officer now directly owns 16,455 shares of the company’s stock, valued at $9,172,017. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian S. Tyler sold 3,753 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $574.41, for a total value of $2,155,760.73. Following the sale, the chief executive officer now directly owns 89,845 shares of the company’s stock, valued at $51,607,866.45. The disclosure for this sale can be found here. Insiders sold 25,814 shares of company stock valued at $14,511,649 over the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

McKesson Profile

(Free Report)

McKesson Corporation provides healthcare services in the United States and internationally. It operates through four segments: U.S. Pharmaceutical, Prescription Technology Solutions (RxTS), Medical-Surgical Solutions, and International. The U.S. Pharmaceutical segment distributes branded, generic, specialty, biosimilar and over-the-counter pharmaceutical drugs, and other healthcare-related products.

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Institutional Ownership by Quarter for McKesson (NYSE:MCK)

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