NEOS Investment Management LLC Increases Position in McKesson Corporation $MCK

Key Points

• NEOS Investment Management increased its McKesson position by 12.6% in the second quarter, bringing its holdings to 19,913 shares valued at approximately $15.0 million. Institutional investors and hedge funds collectively own 85.07% of MCK.
• McKesson reported quarterly adjusted earnings of $9.93 per share, beating estimates of $9.56, while revenue rose 7.7% year over year to $105.38 billion. The company issued fiscal 2027 EPS guidance of $44.20–$45.00.
• The company 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.

NEOS Investment Management LLC raised its position in shares of McKesson Corporation (NYSE:MCK - Free Report) by 12.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,913 shares of the company's stock after buying an additional 2,225 shares during the period. NEOS Investment Management LLC's holdings in McKesson were worth $15,046,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. grew its position in McKesson by 0.5% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,262 shares of the company's stock valued at $1,855,000 after acquiring an additional 11 shares in the last quarter. Investment Research Partners LLC lifted its position in shares of McKesson by 0.7% during the 4th quarter. Investment Research Partners LLC now owns 1,624 shares of the company's stock worth $1,332,000 after buying an additional 11 shares during the last quarter. IHT Wealth Management LLC lifted its position in shares of McKesson by 0.9% during the 4th quarter. IHT Wealth Management LLC now owns 1,196 shares of the company's stock worth $981,000 after buying an additional 11 shares during the last quarter. LRI Investments LLC boosted its holdings in shares of McKesson by 12.1% in the 4th quarter. LRI Investments LLC now owns 111 shares of the company's stock valued at $91,000 after buying an additional 12 shares in the last quarter. Finally, Macroview Investment Management LLC grew its position in shares of McKesson by 3.9% in the 4th quarter. Macroview Investment Management LLC now owns 322 shares of the company's stock valued at $264,000 after buying an additional 12 shares during the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

McKesson Trading Down 1.5%

Shares of MCK opened at $907.35 on Friday. The stock's 50 day moving average is $848.13 and its two-hundred day moving average is $843.09. McKesson Corporation has a twelve month low of $682.35 and a twelve month high of $999.00. The firm has a market capitalization of $105.79 billion, a PE ratio of 24.28, a P/E/G ratio of 1.83 and a beta of 0.30.

McKesson (NYSE:MCK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $9.93 EPS for the quarter, beating 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 business had revenue of $105.38 billion during the quarter, compared to analysts' expectations of $103.88 billion. During the same period last year, the firm earned $8.26 EPS. The company's quarterly revenue was up 7.7% compared to the same quarter last year. McKesson has set its FY 2027 guidance at 44.200-45.000 EPS. On average, sell-side analysts predict that McKesson Corporation will post 44.65 EPS for the current year.

McKesson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis 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 10.06%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MCK. Weiss Ratings cut shares of McKesson from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 7th. Wall Street Zen downgraded McKesson from a "buy" rating to a "hold" rating in a report on Saturday, June 27th. JPMorgan Chase & Co. dropped their price target on McKesson from $1,107.00 to $1,015.00 and set an "overweight" rating on the stock in a research note on Friday, May 8th. UBS Group increased their price objective on McKesson from $1,050.00 to $1,080.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, Barclays lifted their target price on shares of McKesson from $925.00 to $1,000.00 and gave the company an "overweight" rating in a report on Wednesday, August 19th. Fourteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $973.44.

Insider Buying and Selling at McKesson

In other news, Director Bradley Lerman sold 301 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $892.33, for a total value of $268,591.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Tyler sold 8,463 shares of the business's stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $793.56, for a total transaction of $6,715,898.28. Following the sale, the chief executive officer directly owned 5,919 shares in the company, valued at approximately $4,697,081.64. This represents a 58.84% 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. Insiders have sold a total of 22,156 shares of company stock worth $17,305,242 over the last 90 days. Insiders own 0.06% of the company's stock.

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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