McKesson - MCK Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for McKesson in the last year. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MCK shares.
View MCK analyst ratings or view top-rated stocks.

12 equities research analysts have issued 12-month price targets for McKesson's stock. Their MCK share price forecasts range from $230.00 to $430.00. On average, they predict the company's share price to reach $352.46 in the next year. This suggests a possible upside of 1.4% from the stock's current price.
View analysts price targets for MCK or view top-rated stocks among Wall Street analysts.

McKesson's stock was trading at $248.57 at the start of the year. Since then, MCK stock has increased by 39.8% and is now trading at $347.61.
View the best growth stocks for 2022 here.

McKesson saw a increase in short interest during 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 currently 2.6 days. Currently, 1.8% of the company's stock are short sold.
View McKesson's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our MCK earnings forecast.

McKesson Co. (NYSE:MCK) announced its earnings results on Wednesday, August, 3rd. The company reported $5.83 earnings per share for the quarter, topping the consensus estimate of $5.31 by $0.52. The business had revenue of $67.15 billion for the quarter, compared to the consensus estimate of $63.87 billion. McKesson had a negative trailing twelve-month return on equity of 350.22% and a net margin of 0.52%.

McKesson declared a quarterly dividend on Monday, July 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Wednesday, August 31st. This is an increase 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 0.64%. 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 announced that its board has initiated a share repurchase program on Tuesday, February 2nd 2021, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

McKesson updated its FY 2023 earnings guidance on Wednesday, August, 10th. The company provided earnings per share 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 many different institutional and retail investors. Top institutional shareholders include Symmetry Partners LLC (0.01%) and Wedmont Private Capital (0.00%). 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of MCK stock can currently be purchased for approximately $347.61.

McKesson (NYSE:MCK) has a market capitalization of $49.96 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.