Artemis Investment Management LLP Buys 7,000 Shares of McKesson Corporation $MCK

Key Points

• Artemis Investment Management LLP increased its stake in McKesson by 149.9% in Q4, buying 7,000 additional shares to hold 11,671 shares valued at about $9.57 million.
• Company insiders have been net sellers recently—3,592 shares sold totaling roughly $3.52 million over the past three months—leaving corporate insiders with just 0.08% ownership.
• Wall Street consensus is a Moderate Buy with an average price target of $972.27 versus a recent share price near $814.69; McKesson issued FY2026 EPS guidance of 38.80–39.20 and pays a $0.82 quarterly dividend (0.4% yield).

Artemis Investment Management LLP increased its stake in shares of McKesson Corporation (NYSE:MCK - Free Report) by 149.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,671 shares of the company's stock after purchasing an additional 7,000 shares during the quarter. Artemis Investment Management LLP's holdings in McKesson were worth $9,574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. grew its holdings in McKesson by 35.3% during the third quarter. J.W. Cole Advisors Inc. now owns 5,089 shares of the company's stock valued at $3,931,000 after purchasing an additional 1,329 shares during the period. Cullen Investment Group LTD. increased its position in McKesson by 550.4% in the fourth quarter. Cullen Investment Group LTD. now owns 4,670 shares of the company's stock worth $3,811,000 after buying an additional 3,952 shares in the last quarter. Private Wealth Partners LLC raised its stake in shares of McKesson by 5.6% in the third quarter. Private Wealth Partners LLC now owns 31,841 shares of the company's stock worth $24,598,000 after buying an additional 1,682 shares during the period. AlphaQuest LLC lifted its position in shares of McKesson by 91.2% during the 3rd quarter. AlphaQuest LLC now owns 1,767 shares of the company's stock valued at $1,365,000 after buying an additional 843 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of McKesson by 12.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 330,647 shares of the company's stock valued at $255,438,000 after buying an additional 36,451 shares in the last quarter. Institutional investors own 85.07% of the company's stock.

Insider Transactions at McKesson

In other McKesson news, CAO Napoleon B. Rutledge, Jr. sold 328 shares of McKesson stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $955.00, for a total value of $313,240.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Maria Martinez sold 349 shares of the company's stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $939.87, for a total value of $328,014.63. Following the sale, the director directly owned 301 shares in the company, valued at $282,900.87. This trade represents a 53.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,592 shares of company stock valued at $3,518,555 over the last three months. Corporate insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Mizuho increased their target price on shares of McKesson from $880.00 to $885.00 and gave the stock a "neutral" rating in a report on Thursday, February 5th. Bank of America lowered their price target on shares of McKesson from $1,040.00 to $1,000.00 and set a "buy" rating on the stock in a report on Monday, April 6th. Morgan Stanley reiterated an "overweight" rating and issued a $966.00 price target on shares of McKesson in a research report on Thursday, January 29th. Wells Fargo & Company increased their price objective on shares of McKesson from $914.00 to $925.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 5th. Finally, TD Cowen raised their price objective on shares of McKesson from $1,000.00 to $1,012.00 and gave the company a "buy" rating in a research report on Thursday, February 5th. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, McKesson presently has an average rating of "Moderate Buy" and an average price target of $972.27.

McKesson Price Performance

MCK stock opened at $814.69 on Friday. McKesson Corporation has a 1-year low of $637.00 and a 1-year high of $999.00. The business has a 50 day simple moving average of $894.86 and a two-hundred day simple moving average of $859.80. The company has a market capitalization of $99.79 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 1.18 and a beta of 0.35.

McKesson (NYSE:MCK - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The company reported $9.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.19 by $0.15. The firm had revenue of $106.16 billion for the quarter, compared to analysts' expectations of $105.98 billion. McKesson had a net margin of 1.09% and a negative return on equity of 338.97%. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $8.03 earnings per share. McKesson has set its FY 2026 guidance at 38.800-39.200 EPS. Sell-side analysts anticipate that McKesson Corporation will post 39.02 EPS for the current fiscal year.

McKesson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 1st. McKesson's payout ratio is 9.43%.

McKesson Company 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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