McKesson Co. (MCK) Shares Bought by Cwm LLC
Cwm LLC raised its stake in shares of McKesson Co. (NYSE:MCK) by 24,866.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,607 shares of the company’s stock after buying an additional 105,184 shares during the quarter. Cwm LLC’s holdings in McKesson were worth $16,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new stake in McKesson during the 2nd quarter valued at approximately $125,000. WFG Advisors LP grew its holdings in shares of McKesson by 5.0% in the second quarter. WFG Advisors LP now owns 859 shares of the company’s stock valued at $141,000 after purchasing an additional 41 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of McKesson in the third quarter valued at $155,000. CWH Capital Management Inc. purchased a new position in shares of McKesson in the second quarter valued at $165,000. Finally, Biltmore Wealth Management LLC purchased a new position in shares of McKesson in the third quarter valued at $206,000. 87.91% of the stock is owned by institutional investors and hedge funds.
In other news, Chairman John H. Hammergren sold 65,000 shares of McKesson stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $160.00, for a total transaction of $10,400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.
MCK has been the subject of a number of recent research reports. Robert W. Baird raised shares of McKesson from a “neutral” rating to an “outperform” rating and raised their target price for the company from $175.00 to $178.00 in a report on Tuesday, September 19th. Royal Bank of Canada initiated coverage on shares of McKesson in a report on Tuesday, September 19th. They issued a “sector perform” rating and a $168.00 target price for the company. Cowen raised shares of McKesson from a “market perform” rating to an “outperform” rating and raised their target price for the company from $176.00 to $189.00 in a report on Tuesday, October 10th. Needham & Company LLC set a $179.00 target price on shares of McKesson and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Jefferies Group set a $165.00 target price on shares of McKesson and gave the company a “hold” rating in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. McKesson presently has a consensus rating of “Hold” and a consensus price target of $174.64.
Shares of McKesson Co. (MCK) traded up $4.88 on Tuesday, reaching $171.13. The company had a trading volume of 1,894,428 shares, compared to its average volume of 1,495,133. The company has a market capitalization of $35,570.00, a P/E ratio of 8.11, a PEG ratio of 1.70 and a beta of 1.23. McKesson Co. has a 12 month low of $133.82 and a 12 month high of $169.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.05.
McKesson (NYSE:MCK) last issued its quarterly earnings results on Thursday, October 26th. The company reported $3.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.50. The company had revenue of $52.06 billion during the quarter, compared to the consensus estimate of $51.69 billion. McKesson had a return on equity of 24.87% and a net margin of 2.24%. McKesson’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $2.94 earnings per share. sell-side analysts anticipate that McKesson Co. will post 12.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.36 annualized dividend and a dividend yield of 0.79%. McKesson’s dividend payout ratio (DPR) is 6.44%.
McKesson Company Profile
McKesson Corporation is a healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology company. The Company provides medicines, medical products and healthcare services by partnering with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare.
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