Baird Financial Group Inc. Has $29.98 Million Holdings in McKesson Corporation $MCK

Key Points

• Baird Financial Group increased its McKesson stake by 4.1% during the second quarter, bringing its holdings to 39,670 shares valued at approximately $29.98 million. Institutional investors collectively own 85.07% of the company.
• McKesson beat quarterly expectations, reporting EPS of $9.93 versus the $9.56 consensus and revenue of $105.38 billion, up 7.7% year over year. The company reaffirmed fiscal 2027 guidance of $44.20–$45.00 EPS.
• The company raised its quarterly dividend from $0.82 to $0.94 per share, equivalent to an annualized $3.76 dividend and a 0.4% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $973.44.

Baird Financial Group Inc. lifted its holdings in shares of McKesson Corporation (NYSE:MCK - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,670 shares of the company's stock after buying an additional 1,553 shares during the quarter. Baird Financial Group Inc.'s holdings in McKesson were worth $29,975,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of McKesson by 46.3% in the 4th 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 acquired a new stake in shares of McKesson in the 1st quarter valued at approximately $233,000. Sivia Capital Partners LLC increased its stake in shares of McKesson by 77.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 685 shares of the company's stock worth $502,000 after purchasing an additional 300 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in McKesson by 0.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 58,623 shares of the company's stock valued at $42,958,000 after purchasing an additional 508 shares during the last quarter. Finally, Osterweis Capital Management Inc. bought a new position in shares of McKesson during the 2nd quarter worth approximately $166,000. Institutional investors own 85.07% of the company's stock.

McKesson Stock Performance

Shares of NYSE MCK opened at $881.22 on Friday. McKesson Corporation has a fifty-two week low of $687.68 and a fifty-two week high of $999.00. The company has a 50 day simple moving average of $858.30 and a two-hundred day simple moving average of $840.99. The company has a market capitalization of $102.74 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 1.77 and a beta of 0.30.

McKesson (NYSE:MCK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $9.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.56 by $0.37. The business had revenue of $105.38 billion during the quarter, compared to analyst estimates of $103.88 billion. McKesson had a negative return on equity of 253.21% and a net margin of 1.12%.McKesson'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 business posted $8.26 EPS. McKesson has set its FY 2027 guidance at 44.200-45.000 EPS. On average, analysts forecast that McKesson Corporation will post 44.65 earnings per share for the current fiscal year.

McKesson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, September 1st. This is a positive change from McKesson's previous quarterly dividend of $0.82. McKesson's dividend payout ratio (DPR) is 10.06%.

Analysts Set New Price Targets

A number of analysts have issued reports on MCK shares. Wells Fargo & Company boosted their price objective on shares of McKesson from $812.00 to $933.00 and gave the company an "equal weight" rating in a report on Tuesday, August 11th. Evercore reissued an "outperform" rating on shares of McKesson in a report on Thursday, August 6th. UBS Group raised their price target on shares of McKesson from $1,050.00 to $1,080.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Royal Bank Of Canada assumed coverage on McKesson in a report on Wednesday, August 19th. They set a "sector perform" rating and a $845.00 price target for the company. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of McKesson in a research report on Friday, August 7th. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $973.44.

Insiders Place Their Bets

In other McKesson news, CAO B Jr sold 111 shares of McKesson stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $891.45, for a total transaction of $98,950.95. Following the completion of the sale, the chief accounting officer directly owned 521 shares of the company's stock, valued at $464,445.45. The trade was a 17.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brian Tyler sold 8,463 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $793.56, for a total value of $6,715,898.28. Following the completion of the sale, the chief executive officer owned 5,919 shares of the company's stock, valued at approximately $4,697,081.64. This trade represents a 58.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 17,338 shares of company stock worth $13,643,366 in the last ninety days. 0.06% of the stock is owned by company insiders.

McKesson Company Profile

McKesson Corporation is a healthcare services and distribution company that supplies pharmaceuticals, specialty drugs, medical products and related services to pharmacies, hospitals, health systems, physicians and other healthcare providers. Its operations support the movement of prescription medicines and medical-surgical supplies from manufacturers to healthcare organizations and patients.

The company's businesses include pharmaceutical distribution, specialty pharmaceutical services, medical-surgical supply distribution and technology solutions for pharmacies and other healthcare providers.

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