Bp Plc held its stake in McKesson Corporation (NYSE:MCK) during the second quarter, Holdings Channel reports. The firm owned 10,000 shares of the company’s stock at the end of the second quarter. Bp Plc’s holdings in McKesson Corporation were worth $1,646,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. American Beacon Advisors Inc. acquired a new stake in McKesson Corporation during the first quarter valued at $100,000. Archford Capital Strategies LLC increased its stake in McKesson Corporation by 52.8% in the first quarter. Archford Capital Strategies LLC now owns 776 shares of the company’s stock valued at $115,000 after buying an additional 268 shares in the last quarter. WFG Advisors LP increased its stake in McKesson Corporation by 123.5% in the first quarter. WFG Advisors LP now owns 818 shares of the company’s stock valued at $121,000 after buying an additional 452 shares in the last quarter. Orrstown Financial Services Inc. increased its stake in McKesson Corporation by 6.0% in the second quarter. Orrstown Financial Services Inc. now owns 758 shares of the company’s stock valued at $124,000 after buying an additional 43 shares in the last quarter. Finally, Tompkins Financial Corp increased its stake in McKesson Corporation by 2.3% in the second quarter. Tompkins Financial Corp now owns 785 shares of the company’s stock valued at $129,000 after buying an additional 18 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

McKesson Corporation (NYSE:MCK) opened at 147.64 on Thursday. The stock has a market cap of $31.04 billion, a PE ratio of 6.70 and a beta of 1.13. McKesson Corporation has a 12 month low of $114.53 and a 12 month high of $195.95. The company’s 50 day moving average is $161.27 and its 200 day moving average is $152.12.

McKesson Corporation (NYSE:MCK) last announced its quarterly earnings data on Thursday, July 27th. The company reported $2.46 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by $0.35. McKesson Corporation had a net margin of 2.42% and a return on equity of 25.76%. The company had revenue of $51.05 billion for the quarter, compared to the consensus estimate of $51.22 billion. During the same quarter in the previous year, the business earned $3.50 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts anticipate that McKesson Corporation will post $12.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be issued a dividend of $0.34 per share. This is a positive change from McKesson Corporation’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, August 30th. This represents a $1.36 dividend on an annualized basis and a yield of 0.92%. McKesson Corporation’s dividend payout ratio (DPR) is presently 5.00%.

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MCK has been the subject of several recent research reports. TheStreet raised shares of McKesson Corporation from a “c+” rating to a “b” rating in a research note on Thursday, May 25th. Vetr downgraded shares of McKesson Corporation from a “strong-buy” rating to a “buy” rating and set a $157.86 price target for the company. in a research note on Wednesday, May 10th. Barclays PLC set a $187.00 price target on shares of McKesson Corporation and gave the stock a “buy” rating in a research note on Sunday, June 4th. Zacks Investment Research raised shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC raised shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. McKesson Corporation presently has an average rating of “Hold” and an average price target of $171.21.

In related news, SVP Erin M. Lampert sold 404 shares of McKesson Corporation stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $160.53, for a total transaction of $64,854.12. Following the completion of the sale, the senior vice president now owns 2,003 shares in the company, valued at approximately $321,541.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Erin M. Lampert sold 809 shares of McKesson Corporation stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $160.66, for a total transaction of $129,973.94. Following the sale, the senior vice president now owns 59 shares of the company’s stock, valued at approximately $9,478.94. The disclosure for this sale can be found here. Insiders have sold a total of 60,231 shares of company stock valued at $9,830,297 in the last quarter. 1.20% of the stock is currently owned by company insiders.

About McKesson Corporation

McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The Company operates through two segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally.

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Institutional Ownership by Quarter for McKesson Corporation (NYSE:MCK)

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