McKesson Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McKesson in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" McKesson stock.
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McKesson saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,260,000 shares, an increase of 44.9% from the May 31st total of 1,560,000 shares. Based on an average trading volume of 1,070,000 shares, the short-interest ratio is currently 2.1 days. Currently, 1.5% of the company's stock are sold short.
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McKesson is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for McKesson.

McKesson will be holding an earnings conference call on Wednesday, August 4th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

McKesson Co. (NYSE:MCK) issued its earnings results on Thursday, May, 6th. The company reported $5.05 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $5.02 by $0.03. The business had revenue of $59.10 billion for the quarter, compared to analyst estimates of $61.08 billion. McKesson had a positive trailing twelve-month return on equity of 95.80% and a negative net margin of 1.91%. The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $4.27 earnings per share.
View McKesson's earnings history.

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 (WHO). Since then, MCK shares have increased by 51.0% and is now trading at $204.16.
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McKesson announced a quarterly dividend on Monday, July 26th. Shareholders of record on Wednesday, September 1st will be paid a dividend of $0.47 per share on Friday, October 1st. This represents a $1.88 annualized dividend and a yield of 0.92%. The ex-dividend date is Tuesday, August 31st. This is a positive change from McKesson's previous quarterly dividend of $0.42.
View McKesson's dividend history.

McKesson pays an annual dividend of $1.68 per share and currently has a dividend yield of 0.82%. McKesson has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of McKesson is 9.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, McKesson will have a dividend payout ratio of 8.30% next year. This indicates that McKesson will be able to sustain or increase its dividend.
View McKesson's dividend history.

McKesson announced that its board has authorized a share repurchase plan on Tuesday, February 2nd 2021, which authorizes the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

McKesson issued an update on its FY 2022 earnings guidance on Thursday, May, 27th. The company provided earnings per share guidance of 18.850-19.450 for the period, compared to the Thomson Reuters consensus EPS estimate of $18.850. The company issued revenue guidance of $245.38 billion-$252.52 billion, compared to the consensus revenue estimate of $250.66 billion.

9 brokerages have issued twelve-month price objectives for McKesson's stock. Their forecasts range from $166.00 to $257.00. On average, they expect McKesson's stock price to reach $218.33 in the next year. This suggests a possible upside of 6.9% from the stock's current price.
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220 employees have rated McKesson CEO Brian Tyler on Glassdoor.com. Brian Tyler has an approval rating of 88% among McKesson's employees.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other McKesson investors own include The 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 The Home Depot (HD).

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 TCW Group Inc. (0.18%), Oregon Public Employees Retirement Fund (0.03%), Gibraltar Capital Management Inc. (0.02%), State of Alaska Department of Revenue (0.02%), IFM Investors Pty Ltd (0.01%) and Raymond James Trust N.A. (0.01%). Company insiders that own McKesson stock include Brian S Tyler, Britt J Vitalone, Lori A Schechter, M Christine Jacobs, Marie L/Ca Knowles, Sundeep G Reddy, Thomas L Rodgers and Tracy Faber.
View institutional ownership trends for McKesson.

MCK stock was sold by a variety of institutional investors in the last quarter, including TCW Group Inc., Oregon Public Employees Retirement Fund, State of Alaska Department of Revenue, CHICAGO TRUST Co NA, First National Bank of South Miami, Miracle Mile Advisors LLC, Raymond James Trust N.A., and Family Firm Inc.. Company insiders that have sold McKesson company stock in the last year include Brian S Tyler, Britt J Vitalone, Lori A Schechter, Marie L/Ca Knowles, Sundeep G Reddy, Thomas L Rodgers, and Tracy Faber.
View insider buying and selling activity for McKesson or view top insider-selling stocks.

MCK stock was bought by a variety of institutional investors in the last quarter, including Pflug Koory LLC, Brookstone Capital Management, Meridian Wealth Management LLC, IFM Investors Pty Ltd, Gibraltar Capital Management Inc., Archford Capital Strategies LLC, Clean Yield Group, and New Mexico Educational Retirement Board.
View insider buying and selling activity for McKesson or or view top insider-buying stocks.

Shares of MCK 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 $204.16.

McKesson has a market capitalization of $32.30 billion and generates $238.23 billion in revenue each year. The company earns $-4,539,000,000.00 in net income (profit) each year or $17.21 on an earnings per share basis.

McKesson employs 76,000 workers across the globe.

The following companies are subsidiares of McKesson: A.L.I. Technologies, AMISYS Managed Care Systems, Abaton.com, Access Health, Biologics, Celesio, ClarusONE Sourcing Services LLP, CoverMyMeds, D & K Healthcare Resources, Drug Trading Co. Ltd., EN-Chart Scanning Program, Echo, Emendo, Enterprise Systems Inc., HBO & Company, HPR, HealthCom Partners, HealthQx, IMNET Systems, MED3000, McKesson Europe AG, McKesson International Bermuda IP5A Limited, McKesson Medical-Surgical Inc., McKesson Medical-Surgical Supply Chain Services LLC, McKesson Sourcing Services Inc., McKesson Specialty Care Distribution LLC, McKesson Strategic Services Limited, McKesson UK Finance I Limited, McKesson US Finance Corporation, McQueary Brothers, MedVentive, Medcon, MediVation Inc., Medical Specialties Distributors, Medis Health And Pharmaceutical Services, Moore Medical, NDCHealth, Northstar Healthcare Holdings Unlimited Company, Oncology Therapeutics Network, PSS World Medical, Per-Se Technologies, Portico Systems, Practice Partner, RedLine HealthCare, RelayHealth, Rexall, Rosebud Solutions, RxCrossroads, Sterling Medical Services LLC, UDG Healthcare, US Oncology, US Oncology Holdings Inc., Vantage Oncology, Vivalog Technologies, Well.ca, and peerVue.

McKesson was founded in 1833.

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

McKesson is headquartered at 6555 STATE HWY 161, IRVING TX, 75039.

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]