Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of McKesson Co. (NYSE:MCK)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of McKesson Co. (NYSE:MCK). In a filing disclosed on May 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in McKesson stock on April 29th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Beiersdorf Aktiengesellschaft OTCMKTS: BDRFF on 5/2/2025.
• Purchased $1,001 - $15,000 in shares of Alkami Technology NASDAQ: ALKT on 4/30/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 4/29/2025.
• Sold $1,001 - $15,000 in shares of DXC Technology NYSE: DXC on 4/29/2025.
• Sold $1,001 - $15,000 in shares of DOW NYSE: DOW on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Zions Bancorporation, National Association NASDAQ: ZION on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of O'Reilly Automotive NASDAQ: ORLY on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Humana NYSE: HUM on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 4/29/2025.

McKesson Trading Up 0.1%

MCK traded up $0.62 during trading on Tuesday, reaching $688.14. 342,710 shares of the company's stock were exchanged, compared to its average volume of 905,226. McKesson Co. has a one year low of $464.42 and a one year high of $728.48. The stock has a market capitalization of $86.24 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 1.29 and a beta of 0.53. The firm has a fifty day moving average price of $679.17 and a two-hundred day moving average price of $622.97.

McKesson (NYSE:MCK - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $10.12 earnings per share for the quarter, topping analysts' consensus estimates of $9.83 by $0.29. McKesson had a net margin of 0.82% and a negative return on equity of 181.26%. The firm had revenue of $90.82 billion for the quarter, compared to analyst estimates of $94 billion. During the same period in the previous year, the firm posted $6.18 EPS. The company's revenue for the quarter was up 18.9% compared to the same quarter last year. Sell-side analysts expect that McKesson Co. will post 32.77 earnings per share for the current year.

McKesson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Monday, June 2nd. McKesson's payout ratio is 13.00%.

Analyst Ratings Changes

Several brokerages recently commented on MCK. Evercore ISI upped their target price on McKesson from $650.00 to $675.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Morgan Stanley lifted their price objective on shares of McKesson from $642.00 to $745.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Bank of America raised their price target on shares of McKesson from $755.00 to $800.00 and gave the stock a "buy" rating in a report on Friday. Mizuho increased their price objective on shares of McKesson from $630.00 to $690.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Finally, UBS Group upped their target price on McKesson from $708.00 to $805.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $686.69.

Insider Buying and Selling at McKesson

In other news, CEO Brian S. Tyler sold 8,961 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $597.99, for a total transaction of $5,358,588.39. Following the completion of the transaction, the chief executive officer now directly owns 60,664 shares in the company, valued at $36,276,465.36. The trade was a 12.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Leann B. Smith sold 188 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $609.59, for a total transaction of $114,602.92. Following the transaction, the executive vice president now owns 1,051 shares of the company's stock, valued at $640,679.09. This trade represents a 15.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,110 shares of company stock valued at $10,855,706 in the last 90 days. 0.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On McKesson

A number of hedge funds have recently modified their holdings of the stock. Horizon Investments LLC raised its holdings in shares of McKesson by 1.6% in the 1st quarter. Horizon Investments LLC now owns 2,038 shares of the company's stock worth $1,372,000 after purchasing an additional 32 shares during the period. Fox Run Management L.L.C. raised its holdings in McKesson by 314.1% during the 1st quarter. Fox Run Management L.L.C. now owns 2,203 shares of the company's stock valued at $1,483,000 after acquiring an additional 1,671 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in McKesson by 42.0% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 13,143 shares of the company's stock valued at $8,846,000 after acquiring an additional 3,885 shares during the period. Cookson Peirce & Co. Inc. bought a new stake in McKesson during the 1st quarter valued at $15,537,000. Finally, OneAscent Investment Solutions LLC bought a new stake in McKesson during the 1st quarter valued at $247,000. Institutional investors own 85.07% of the company's stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

McKesson Company Profile

McKesson Corporation provides healthcare services in the United States and internationally. It operates through four segments: U.S. Pharmaceutical, Prescription Technology Solutions (RxTS), Medical-Surgical Solutions, and International. The U.S. Pharmaceutical segment distributes branded, generic, specialty, biosimilar and over-the-counter pharmaceutical drugs, and other healthcare-related products.