8 Knots Management LLC Acquires New Holdings in McKesson Corporation $MCK

Key Points

• 8 Knots Management LLC bought a new stake of 17,596 shares (~$13.59M) in McKesson during Q3, making MCK about 1.5% of its holdings and the firm's 15th-largest position.
• Analyst sentiment is broadly positive—13 Buys vs. 4 Holds—with an average target of $960.93 and Barclays recently raising its target to $1,050.
• McKesson beat quarterly EPS estimates ($9.34 vs. $9.19), reported revenue up 11.4% year-over-year, set FY2026 guidance of $38.80–39.20 EPS, and declared a quarterly dividend of $0.82 (0.3% yield).

8 Knots Management LLC bought a new stake in McKesson Corporation (NYSE:MCK - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,596 shares of the company's stock, valued at approximately $13,594,000. McKesson comprises approximately 1.5% of 8 Knots Management LLC's holdings, making the stock its 15th biggest holding.

Several other hedge funds also recently bought and sold shares of the stock. J.W. Cole Advisors Inc. lifted its stake in McKesson by 35.3% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 5,089 shares of the company's stock worth $3,931,000 after acquiring an additional 1,329 shares in the last quarter. Private Wealth Partners LLC grew its position in McKesson by 5.6% in the 3rd quarter. Private Wealth Partners LLC now owns 31,841 shares of the company's stock valued at $24,598,000 after acquiring an additional 1,682 shares in the last quarter. AlphaQuest LLC grew its position in McKesson by 91.2% in the 3rd quarter. AlphaQuest LLC now owns 1,767 shares of the company's stock valued at $1,365,000 after acquiring an additional 843 shares in the last quarter. CW Advisors LLC increased its stake in McKesson by 282.5% during the second quarter. CW Advisors LLC now owns 11,008 shares of the company's stock worth $8,067,000 after purchasing an additional 8,130 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in McKesson by 12.4% during the third quarter. Envestnet Asset Management Inc. now owns 330,647 shares of the company's stock worth $255,438,000 after purchasing an additional 36,451 shares during the period. Hedge funds and other institutional investors own 85.07% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Barclays raised their price objective on shares of McKesson from $960.00 to $1,050.00 and gave the company an "overweight" rating in a research note on Wednesday, February 18th. Raymond James Financial set a $970.00 target price on shares of McKesson in a research note on Thursday, March 5th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of McKesson in a report on Wednesday, December 10th. Weiss Ratings cut shares of McKesson from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Thursday, February 5th. Finally, Evercore restated an "outperform" rating on shares of McKesson in a research note on Thursday, March 5th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $960.93.

Insider Activity

In other McKesson news, EVP Thomas L. Rodgers sold 276 shares of the firm's stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $816.18, for a total transaction of $225,265.68. Following the sale, the executive vice president owned 2,268 shares of the company's stock, valued at approximately $1,851,096.24. This trade represents a 10.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Leann B. Smith sold 190 shares of McKesson stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $945.00, for a total transaction of $179,550.00. Following the sale, the executive vice president owned 2,989 shares in the company, valued at $2,824,605. This represents a 5.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,868 shares of company stock valued at $3,743,820 over the last 90 days. Insiders own 0.08% of the company's stock.

McKesson Trading Down 0.3%

McKesson stock opened at $941.51 on Friday. The company has a fifty day simple moving average of $893.90 and a 200-day simple moving average of $825.35. The stock has a market cap of $115.32 billion, a P/E ratio of 27.08, a price-to-earnings-growth ratio of 1.51 and a beta of 0.38. McKesson Corporation has a 12-month low of $637.00 and a 12-month high of $999.00.

McKesson (NYSE:MCK - Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $9.34 EPS for the quarter, beating the consensus estimate of $9.19 by $0.15. McKesson had a negative return on equity of 338.97% and a net margin of 1.09%.The firm had revenue of $106.16 billion for the quarter, compared to analyst estimates of $105.98 billion. During the same quarter in the prior year, the company posted $8.03 earnings per share. McKesson's revenue for the quarter was up 11.4% compared to the same quarter last year. McKesson has set its FY 2026 guidance at 38.800-39.200 EPS. As a group, sell-side analysts forecast that McKesson Corporation will post 32.77 earnings per share for the current fiscal year.

McKesson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, March 2nd. McKesson's dividend payout ratio (DPR) is 9.43%.

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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