12,215 Shares in McKesson Corporation $MCK Bought by Martin & Co. Inc. TN

Key Points

• Martin & Co. Inc. TN purchased 12,215 McKesson shares worth approximately $9.23 million in the second quarter, making the stock its 11th-largest holding; institutional investors own 85.07% of McKesson.
• McKesson exceeded quarterly expectations, reporting $9.93 in EPS and $105.38 billion in revenue, up 7.7% year over year. The company provided FY 2027 EPS guidance of $44.20–$45.00.
• McKesson raised its quarterly dividend from $0.82 to $0.94 per share, equivalent to an annualized $3.76 payout and a 0.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $973.44.

Martin & Co. Inc. TN bought a new position in shares of McKesson Corporation (NYSE:MCK - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,215 shares of the company's stock, valued at approximately $9,230,000. McKesson makes up about 1.4% of Martin & Co. Inc. TN's holdings, making the stock its 11th biggest holding.

A number of other hedge funds also recently made changes to their positions in MCK. Brighton Jones LLC grew its holdings in McKesson by 46.3% during the fourth quarter. Brighton Jones LLC now owns 2,523 shares of the company's stock valued at $1,438,000 after purchasing an additional 798 shares during the period. Caxton Associates LLP bought a new stake in shares of McKesson during the first quarter valued at about $233,000. Sivia Capital Partners LLC lifted its holdings in shares of McKesson by 77.9% in the second quarter. Sivia Capital Partners LLC now owns 685 shares of the company's stock worth $502,000 after buying an additional 300 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of McKesson by 0.9% in the second quarter. Treasurer of the State of North Carolina now owns 58,623 shares of the company's stock valued at $42,958,000 after acquiring an additional 508 shares during the period. Finally, Osterweis Capital Management Inc. bought a new position in shares of McKesson in the second quarter valued at approximately $166,000. 85.07% of the stock is currently owned by institutional investors.

McKesson Price Performance

Shares of McKesson stock opened at $862.27 on Friday. McKesson Corporation has a 1 year low of $673.38 and a 1 year high of $999.00. The firm has a market cap of $100.53 billion, a PE ratio of 23.07, a PEG ratio of 1.69 and a beta of 0.30. The company has a 50 day simple moving average of $820.97 and a two-hundred day simple moving average of $843.86.

McKesson (NYSE:MCK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $9.93 EPS for the quarter, topping analysts' consensus estimates of $9.56 by $0.37. The firm had revenue of $105.38 billion for the quarter, compared to analyst estimates of $103.88 billion. McKesson had a net margin of 1.12% and a negative return on equity of 253.21%. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.26 EPS. McKesson has set its FY 2027 guidance at 44.200-45.000 EPS. As a group, research analysts anticipate that McKesson Corporation will post 44.65 earnings per share for the current year.

McKesson Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 0.4%. This is an increase from McKesson's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Tuesday, September 1st. McKesson's dividend payout ratio is presently 8.78%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MCK. JPMorgan Chase & Co. reduced their price objective on shares of McKesson from $1,107.00 to $1,015.00 and set an "overweight" rating for the company in a research note on Friday, May 8th. Citigroup raised their price target on shares of McKesson from $945.00 to $1,000.00 and gave the company a "buy" rating in a report on Friday, July 24th. Weiss Ratings cut shares of McKesson from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 7th. Morgan Stanley reiterated an "overweight" rating on shares of McKesson in a research report on Friday, August 7th. Finally, William Blair began coverage on McKesson in a research note on Tuesday, April 28th. They set an "outperform" rating for the company. Fourteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, McKesson has an average rating of "Moderate Buy" and a consensus target price of $973.44.

Insider Transactions at McKesson

In other news, Director Bradley E. Lerman sold 301 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $892.33, for a total transaction of $268,591.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas L. Rodgers sold 2,388 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $761.09, for a total value of $1,817,482.92. Following the completion of the sale, the executive vice president owned 3,090 shares of the company's stock, valued at $2,351,768.10. The trade was a 43.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 29,049 shares of company stock worth $22,530,626. Company insiders own 0.06% of the company's stock.

McKesson 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.

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