NYSE:MCKMcKesson Stock Price, Forecast & News

McKesson's stock was trading at $135.17 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MCK stock has increased by 4.2% and is now trading at $140.89. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McKesson in the last year. There are currently 5 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for McKesson.

McKesson is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for McKesson.

McKesson will be holding an earnings conference call on Monday, August 3rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

McKesson Co. (NYSE:MCK) posted its quarterly earnings data on Wednesday, May, 20th. The company reported $4.27 earnings per share for the quarter, topping the Zacks' consensus estimate of $4.10 by $0.17. The company earned $58.54 billion during the quarter, compared to the consensus estimate of $55.60 billion. McKesson had a return on equity of 41.07% and a net margin of 0.39%. The firm's quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.69 earnings per share. View McKesson's earnings history.

McKesson declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.41 per share on Wednesday, July 1st. This represents a $1.64 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, May 29th. View McKesson's dividend history.

McKesson issued an update on its FY21 earnings guidance on Wednesday, May, 20th. The company provided earnings per share guidance of $13.95-14.75 for the period, compared to the Thomson Reuters consensus estimate of $15.48. The company issued revenue guidance of +2-4% to $218.6-222.9 billion, compared to the consensus revenue estimate of $234.49 billion.

15 analysts have issued 1 year price targets for McKesson's stock. Their forecasts range from $146.00 to $197.00. On average, they expect McKesson's share price to reach $172.71 in the next year. This suggests a possible upside of 22.6% from the stock's current price. View analysts' price targets for McKesson.

Headlines about MCK stock have trended negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. McKesson earned a media sentiment score of -2.3 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about McKesson.

McKesson saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 2,180,000 shares, a decrease of 18.7% from the June 15th total of 2,680,000 shares. Based on an average daily trading volume, of 1,840,000 shares, the short-interest ratio is currently 1.2 days. Approximately 1.4% of the company's shares are sold short. View McKesson's Current Options Chain.

Some companies that are related to McKesson include AmerisourceBergen (ABC), Cardinal Health (CAH), Henry Schein (HSIC), Patterson Companies (PDCO) and Owens & Minor (OMI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other McKesson investors own include Walt Disney (DIS), Gilead Sciences (GILD), CVS Health (CVS), salesforce.com (CRM), UnitedHealth Group (UNH), Johnson & Johnson (JNJ), Allergan (AGN), Bank of America (BAC), AbbVie (ABBV) and Chevron (CVX).

McKesson trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCK."

McKesson's stock is owned by a number of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.06%), State of Alaska Department of Revenue (0.05%), Contravisory Investment Management Inc. (0.02%), Legacy Private Trust Co. (0.02%), DNB Asset Management AS (0.02%) and Pensionfund DSM Netherlands (0.01%). Company insiders that own McKesson stock include Brian S Tyler, Brian Scott Tyler, Britt J Vitalone, Lori A Schechter, M Christine Jacobs, N Anthony Coles and Sundeep G Reddy. View institutional ownership trends for McKesson.

MCK stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., DNB Asset Management AS, Patton Fund Management Inc., Fulton Bank N. A., Groesbeck Investment Management Corp NJ, Legacy Capital Partners Inc., and Old Port Advisors. Company insiders that have sold McKesson company stock in the last year include Brian S Tyler, Britt J Vitalone, Lori A Schechter, M Christine Jacobs, and Sundeep G Reddy. View insider buying and selling activity for McKesson.

MCK stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Pensionfund DSM Netherlands, Pensionfund Sabic, Canandaigua National Corp, Legacy Private Trust Co., Contravisory Investment Management Inc., Clarius Group LLC, and Global Trust Asset Management LLC. View insider buying and selling activity for McKesson.

Shares of MCK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MCK stock can currently be purchased for approximately $140.89.

McKesson has a market capitalization of $22.84 billion and generates $231.05 billion in revenue each year. The company earns $900 million in net income (profit) each year or $14.95 on an earnings per share basis. McKesson employs 80,000 workers across the globe.

The official website for McKesson is www.mckesson.com.

McKesson's mailing address is 6555 STATE HWY 161, IRVING TX, 75039. The company can be reached via phone at 972-446-4800 or via email at [email protected]