McKesson Corporation $MCK Shares Bought by Whittier Trust Co.

Whittier Trust Co. boosted its position in shares of McKesson Corporation (NYSE:MCK) by 2.7% in the 4th quarter, HoldingsChannel reports. The fund owned 35,841 shares of the company’s stock after acquiring an additional 957 shares during the period. Whittier Trust Co.’s holdings in McKesson were worth $29,623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GGM Financials LLC acquired a new position in McKesson during the 3rd quarter worth approximately $25,000. State of Wyoming acquired a new position in McKesson during the 2nd quarter worth approximately $29,000. Hopwood Financial Services Inc. acquired a new position in McKesson during the 3rd quarter worth approximately $31,000. Vermillion & White Wealth Management Group LLC acquired a new position in McKesson during the 3rd quarter worth approximately $33,000. Finally, Board of the Pension Protection Fund acquired a new position in McKesson during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Analyst Upgrades and Downgrades

MCK has been the subject of several analyst reports. Wells Fargo & Company boosted their price target on shares of McKesson from $914.00 to $925.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Mizuho upped their target price on shares of McKesson from $880.00 to $885.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Leerink Partners restated an “outperform” rating and issued a $1,085.00 target price on shares of McKesson in a report on Thursday, March 5th. Weiss Ratings cut shares of McKesson from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, February 5th. Finally, Wall Street Zen cut shares of McKesson from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $970.93.

McKesson Trading Up 0.5%

Shares of McKesson stock opened at $868.08 on Friday. The company has a fifty day simple moving average of $915.83 and a 200-day simple moving average of $853.64. McKesson Corporation has a 12-month low of $637.00 and a 12-month high of $999.00. The stock has a market cap of $106.33 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.25 and a beta of 0.42.

McKesson (NYSE:MCK) last issued its earnings results on Wednesday, February 4th. The company reported $9.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.19 by $0.15. The business had revenue of $106.16 billion during the quarter, compared to analysts’ expectations of $105.98 billion. McKesson had a net margin of 1.09% and a negative return on equity of 338.97%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $8.03 EPS. McKesson has set its FY 2026 guidance at 38.800-39.200 EPS. On average, analysts forecast that McKesson Corporation will post 32.77 earnings per share for the current fiscal year.

McKesson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were paid a dividend of $0.82 per share. The ex-dividend date was Monday, March 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 0.4%. McKesson’s dividend payout ratio is currently 9.43%.

Insider Buying and Selling at McKesson

In related news, EVP Leann B. Smith sold 190 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $945.00, for a total transaction of $179,550.00. Following the completion of the sale, the executive vice president owned 2,989 shares in the company, valued at $2,824,605. This represents a 5.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maria Martinez sold 349 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $939.87, for a total transaction of $328,014.63. Following the sale, the director owned 301 shares of the company’s stock, valued at approximately $282,900.87. This represents a 53.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,592 shares of company stock worth $3,518,555 in the last quarter. 0.08% of the stock is currently owned by company insiders.

About McKesson

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.