McKesson - MCK Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McKesson in the last twelve months. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MCK shares.
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12 brokers have issued 1-year target prices for McKesson's stock. Their MCK share price forecasts range from $230.00 to $430.00. On average, they expect the company's share price to reach $352.46 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price.
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McKesson's stock was trading at $248.57 on January 1st, 2022. Since then, MCK stock has increased by 37.4% and is now trading at $341.47.
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McKesson saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,620,000 shares, an increase of 11.5% from the August 31st total of 2,350,000 shares. Based on an average trading volume of 1,010,000 shares, the short-interest ratio is presently 2.6 days. Approximately 1.8% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
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McKesson Co. (NYSE:MCK) issued its quarterly earnings results on Wednesday, August, 3rd. The company reported $5.83 earnings per share for the quarter, beating the consensus estimate of $5.31 by $0.52. The firm had revenue of $67.15 billion for the quarter, compared to analysts' expectations of $63.87 billion. McKesson had a net margin of 0.52% and a negative trailing twelve-month return on equity of 350.22%.

McKesson declared a quarterly dividend on Monday, July 25th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.54 per share on Monday, October 3rd. This represents a $2.16 annualized dividend and a yield of 0.63%. The ex-dividend date is Wednesday, August 31st. This is a positive change from the stock's previous quarterly dividend of $0.47.
Read our dividend analysis for MCK.

McKesson (NYSE:MCK) pays an annual dividend of $2.16 per share and currently has a dividend yield of 0.63%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 22.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCK will have a dividend payout ratio of 8.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCK.

McKesson declared that its Board of Directors has initiated a share buyback program on Tuesday, February 2nd 2021, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

McKesson issued an update on its FY 2023 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of $23.95-$24.65 for the period, compared to the consensus estimate of $23.35. The company issued revenue guidance of -.

220 employees have rated McKesson Chief Executive Officer Brian Tyler on Glassdoor.com. Brian Tyler has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other McKesson investors own include Walt Disney (DIS), Johnson & Johnson (JNJ), Gilead Sciences (GILD), CVS Health (CVS), AbbVie (ABBV), Bank of America (BAC), AT&T (T), JPMorgan Chase & Co. (JPM), UnitedHealth Group (UNH) and Home Depot (HD).

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

McKesson's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State Street Corp (4.60%), JPMorgan Chase & Co. (3.97%), Massachusetts Financial Services Co. MA (3.41%), FMR LLC (2.16%), Pzena Investment Management LLC (1.69%) and Northern Trust Corp (1.14%). Insiders that own company stock include Brian S Tyler, Brian S Tyler, Britt J Vitalone, Kevin Emerson, Lori A Schechter, Lori A Schechter, Marie L/Ca Knowles, Nancy Flores, Sundeep G Reddy, Sundeep G Reddy, Thomas L Rodgers, Thomas L Rodgers and Tracy Faber.
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Shares of MCK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MCK stock can currently be purchased for approximately $341.47.

McKesson (NYSE:MCK) has a market capitalization of $49.08 billion and generates $263.97 billion in revenue each year. The company earns $1.11 billion in net income (profit) each year or $9.46 on an earnings per share basis.

The company employs 75,000 workers across the globe.

McKesson's mailing address is 6555 STATE HWY 161, IRVING TX, 75039. The official website for the company is www.mckesson.com. The company can be reached via phone at (972) 446-4800, via email at investors@mckesson.com, or via fax at 415-983-8453.