HighTower Advisors LLC boosted its holdings in McKesson Corporation (NYSE:MCK – Free Report) by 35.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,367 shares of the company’s stock after acquiring an additional 20,681 shares during the period. HighTower Advisors LLC owned 0.06% of McKesson worth $64,284,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. GGM Financials LLC acquired a new position in McKesson in the third quarter valued at approximately $25,000. State of Wyoming acquired a new position in McKesson in the second quarter valued at approximately $29,000. Hopwood Financial Services Inc. acquired a new position in McKesson in the third quarter valued at approximately $31,000. Board of the Pension Protection Fund acquired a new position in McKesson in the fourth quarter valued at approximately $33,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in McKesson during the third quarter worth about $33,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on MCK. Evercore reiterated an “outperform” rating on shares of McKesson in a research report on Thursday, March 5th. Leerink Partners reaffirmed an “outperform” rating and set a $1,085.00 price objective on shares of McKesson in a research report on Thursday, March 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $966.00 price objective on shares of McKesson in a research report on Thursday, January 29th. TD Cowen increased their price objective on shares of McKesson from $1,000.00 to $1,012.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings cut shares of McKesson from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $968.87.
Insider Transactions at McKesson
In other McKesson news, EVP Michele Lau sold 2,725 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $990.00, for a total value of $2,697,750.00. Following the sale, the executive vice president owned 3,247 shares of the company’s stock, valued at $3,214,530. This trade represents a 45.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by corporate insiders.
McKesson Stock Down 0.9%
Shares of MCK opened at $755.39 on Thursday. McKesson Corporation has a fifty-two week low of $637.00 and a fifty-two week high of $999.00. The firm’s 50 day moving average price is $844.88 and its 200 day moving average price is $856.50. The company has a market cap of $90.80 billion, a P/E ratio of 19.64, a PEG ratio of 1.14 and a beta of 0.35.
McKesson (NYSE:MCK – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $11.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.56 by $0.13. The company had revenue of $96.30 billion for the quarter, compared to analyst estimates of $101.35 billion. McKesson had a negative return on equity of 345.35% and a net margin of 1.18%.McKesson’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $10.12 EPS. McKesson has set its FY 2027 guidance at 43.800-44.600 EPS. Research analysts forecast that McKesson Corporation will post 44.29 earnings per share for the current year.
McKesson Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be given a $0.82 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $3.28 dividend on an annualized basis and a yield of 0.4%. McKesson’s dividend payout ratio (DPR) is currently 8.53%.
McKesson Company Profile
McKesson Corporation (NYSE: MCK) is a global healthcare services and distribution company that supplies pharmaceuticals, medical-surgical products and health care technology solutions. Founded in 1833 and headquartered in Irving, Texas, McKesson operates across the drug distribution and healthcare services value chain, connecting manufacturers, pharmacies, hospitals and health systems to help manage the movement of medicines and clinical supplies.
The company’s core activities include pharmaceutical wholesale distribution and logistics, specialty pharmacy services, and the provision of medical-surgical supplies to acute and non-acute care providers.
Featured Stories
- Five stocks we like better than McKesson
- From Zepbound to Foundayo: Lilly’s Latest Results Support Oral GLP-1 Outlook
- AI Consolidation Begins: Blackstone & Google Forge an AI Empire
- USA Rare Earth Posts Strong Q1 2026 as Massive Serra Vera Deal Looms
- 3 Space Infrastructure Stocks Gaining Momentum Ahead of the SpaceX IPO
Receive News & Ratings for McKesson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McKesson and related companies with MarketBeat.com's FREE daily email newsletter.
