McKesson Corporation $MCK Stock Position Lifted by Secure Asset Management LLC

Key Points

• Institutional ownership increased: Secure Asset Management LLC lifted its McKesson stake by 484.8% to 2,123 shares, while institutional investors and hedge funds collectively own 85.07% of the company.
• Financial performance and analyst sentiment remain positive: McKesson beat quarterly EPS and revenue estimates, reported 7.7% year-over-year revenue growth, and received a “Moderate Buy” consensus rating with an average price target of $973.44. The company also raised its quarterly dividend from $0.82 to $0.94 per share.
• Risks include insider selling and a cybersecurity incident: Insiders sold 22,289 shares worth $17.4 million over the past three months, while McKesson investigates data exfiltration claims; the reported scale of the breach and ransom demand remain unverified.

Secure Asset Management LLC lifted its stake in shares of McKesson Corporation (NYSE:MCK - Free Report) by 484.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,123 shares of the company's stock after purchasing an additional 1,760 shares during the quarter. Secure Asset Management LLC's holdings in McKesson were worth $1,604,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Walter Public Investments Inc. acquired a new position in McKesson during the fourth quarter worth about $6,538,000. Summit Global Investments acquired a new stake in McKesson in the 2nd quarter valued at about $1,159,000. One Wealth Advisors LLC bought a new position in shares of McKesson during the 2nd quarter valued at about $1,494,000. North Dakota State Investment Board bought a new position in shares of McKesson during the 4th quarter valued at about $3,969,000. Finally, E. Ohman J or Asset Management AB grew its stake in shares of McKesson by 26.6% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 7,205 shares of the company's stock worth $5,444,000 after purchasing an additional 1,514 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on MCK shares. Royal Bank Of Canada initiated coverage on McKesson in a report on Wednesday, August 19th. They issued a "sector perform" rating and a $845.00 price target on the stock. Wells Fargo & Company raised their price objective on McKesson from $812.00 to $933.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $875.00 target price on shares of McKesson in a report on Friday, May 8th. Weiss Ratings downgraded McKesson from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 7th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of McKesson in a research report on Friday, August 7th. Fourteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $973.44.

Insider Buying and Selling

In related news, CEO Brian S. Tyler sold 8,463 shares of the firm's stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $793.56, for a total transaction of $6,715,898.28. Following the completion of the sale, the chief executive officer directly owned 5,919 shares in the company, valued at approximately $4,697,081.64. This trade represents a 58.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Napoleon B. Rutledge, Jr. sold 133 shares of the company's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $764.00, for a total transaction of $101,612.00. Following the completion of the transaction, the chief accounting officer owned 632 shares in the company, valued at approximately $482,848. This represents a 17.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 22,289 shares of company stock worth $17,406,854. 0.06% of the stock is owned by company insiders.

McKesson Stock Up 2.6%

Shares of McKesson stock opened at $907.95 on Wednesday. McKesson Corporation has a 12 month low of $682.35 and a 12 month high of $999.00. The stock has a market cap of $105.86 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 1.74 and a beta of 0.30. The business has a fifty day simple moving average of $838.95 and a 200-day simple moving average of $842.64.

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

McKesson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.4%. This is a positive change from McKesson's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Tuesday, September 1st. McKesson's payout ratio is currently 10.06%.

Key McKesson News

Here are the key news stories impacting McKesson this week:

• Positive Sentiment: Market resilience despite the breach headlines: McKesson’s shares remained higher, suggesting investors may be viewing the incident as manageable for now. The company’s latest reported quarter showed revenue growth, earnings above estimates and fiscal 2027 EPS guidance of $44.20–$45.00, although those results predate the cybersecurity disclosures.
• Neutral Sentiment: Long-term performance remains a supportive backdrop: A separate report highlights the substantial wealth created by holding McKesson over the past decade. However, the article is retrospective and does not provide a new reason for near-term buying. Here's How Much a $1000 Investment in McKesson Made 10 Years Ago Would Be Worth Today
• Negative Sentiment: McKesson confirmed a cybersecurity incident involving data exfiltration. The company is investigating what information was accessed or removed. Several reports say the attackers, identified as the ShinyHunters group, claim to have stolen as many as 284 million patient records; McKesson has not confirmed that figure or the full scope of the affected data. McKesson confirms cyberattack as hackers claim theft of patient data Hackers claim millions of patient records stolen during data breach at healthcare giant McKesson
• Negative Sentiment: Potential financial and operational consequences are significant. McKesson supplies roughly one-third of hospital prescriptions, increasing the sensitivity of any disruption. Reports also cite an alleged $55 million ransom demand and threats to publish stolen information. Possible effects include incident-response costs, regulatory scrutiny, lawsuits, customer remediation and reputational damage, though the ransom amount and breach size remain unverified. McKesson Faces $55 Million Ransom Demand After Massive Data Breach McKesson investigating cybersecurity incident

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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