Renaissance Technologies LLC acquired a new position in McKesson Corporation (NYSE:MCK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,000,900 shares of the company’s stock, valued at approximately $164,688,000. Renaissance Technologies LLC owned approximately 0.48% of McKesson Corporation as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN increased its holdings in McKesson Corporation by 12.7% in the 2nd quarter. Wells Fargo & Company MN now owns 2,121,171 shares of the company’s stock valued at $349,017,000 after buying an additional 239,358 shares during the period. Loews Corp bought a new position in McKesson Corporation in the 1st quarter valued at about $253,000. Pictet & Cie Europe SA increased its holdings in McKesson Corporation by 30.0% in the 2nd quarter. Pictet & Cie Europe SA now owns 6,542 shares of the company’s stock valued at $1,076,000 after buying an additional 1,510 shares during the period. HealthInvest Partners AB increased its holdings in McKesson Corporation by 23.7% in the 2nd quarter. HealthInvest Partners AB now owns 63,100 shares of the company’s stock valued at $10,382,000 after buying an additional 12,100 shares during the period. Finally, Dai Ichi Life Insurance Company Ltd increased its holdings in McKesson Corporation by 194.3% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 29,462 shares of the company’s stock valued at $4,848,000 after buying an additional 19,450 shares during the period. Institutional investors and hedge funds own 85.16% of the company’s stock.

Several equities analysts have commented on MCK shares. Vetr raised shares of McKesson Corporation from a “buy” rating to a “strong-buy” rating and set a $181.27 target price on the stock in a report on Monday, June 19th. BidaskClub lowered shares of McKesson Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Jefferies Group LLC raised shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $153.00 target price on the stock in a report on Thursday, July 27th. Zacks Investment Research raised shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a report on Wednesday, July 12th. Finally, TheStreet lowered shares of McKesson Corporation from a “b” rating to a “c+” rating in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $171.53.

In other McKesson Corporation news, Director M Christine Jacobs sold 1,083 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $145.43, for a total transaction of $157,500.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Erin M. Lampert sold 900 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $155.65, for a total transaction of $140,085.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 453,066 shares of company stock worth $68,724,877. 1.20% of the stock is owned by company insiders.

Shares of McKesson Corporation (NYSE:MCK) opened at 153.86 on Monday. The company’s 50-day moving average is $151.41 and its 200 day moving average is $153.02. The firm has a market capitalization of $32.35 billion, a P/E ratio of 6.98 and a beta of 1.16. McKesson Corporation has a 52-week low of $114.53 and a 52-week high of $169.29.

McKesson Corporation (NYSE:MCK) last posted its quarterly earnings data on Thursday, July 27th. The company reported $2.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.81 by ($0.35). The company had revenue of $51.05 billion during the quarter, compared to the consensus estimate of $51.22 billion. McKesson Corporation had a return on equity of 25.76% and a net margin of 2.42%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $3.50 earnings per share. Analysts expect 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 given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.88%. This is a boost from McKesson Corporation’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, August 30th. McKesson Corporation’s dividend payout ratio is 6.07%.

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McKesson Corporation Profile

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.

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

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