Duncker Streett & Co. Inc. cut its position in McKesson Co. (NYSE:MCK) by 14.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,958 shares of the company’s stock after selling 320 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in McKesson were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Midas Management Corp boosted its stake in McKesson by 1,643.8% during the 4th quarter. Midas Management Corp now owns 6,365 shares of the company’s stock valued at $993,000 after acquiring an additional 6,000 shares during the last quarter. Clear Harbor Asset Management LLC boosted its stake in McKesson by 89.2% during the 4th quarter. Clear Harbor Asset Management LLC now owns 10,044 shares of the company’s stock valued at $1,566,000 after acquiring an additional 4,734 shares during the last quarter. Strs Ohio boosted its stake in McKesson by 3.6% during the 4th quarter. Strs Ohio now owns 343,942 shares of the company’s stock valued at $53,637,000 after acquiring an additional 11,820 shares during the last quarter. Clarkston Capital Partners LLC boosted its stake in McKesson by 0.7% during the 4th quarter. Clarkston Capital Partners LLC now owns 47,435 shares of the company’s stock valued at $7,397,000 after acquiring an additional 350 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in McKesson by 205.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,921 shares of the company’s stock valued at $767,000 after acquiring an additional 3,308 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Shares of McKesson Co. (NYSE:MCK) opened at $170.60 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 0.61. McKesson Co. has a twelve month low of $133.82 and a twelve month high of $173.88. The firm has a market cap of $35,570.00, a PE ratio of 8.08, a P/E/G ratio of 1.74 and a beta of 1.23.

McKesson (NYSE:MCK) last released its quarterly earnings data on Thursday, October 26th. The company reported $3.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.50. McKesson had a net margin of 2.24% and a return on equity of 24.87%. The business had revenue of $52.06 billion for the quarter, compared to analysts’ expectations of $51.69 billion. During the same quarter last year, the company earned $2.94 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts expect that McKesson Co. will post 12.26 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 1st were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.80%. McKesson’s dividend payout ratio (DPR) is presently 6.44%.

In related news, Chairman John H. Hammergren sold 65,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $160.00, for a total value of $10,400,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

A number of research analysts have commented on the stock. Needham & Company LLC increased their price objective on shares of McKesson from $173.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday. Robert W. Baird reissued a “buy” rating and set a $200.00 target price on shares of McKesson in a report on Wednesday, January 17th. Evercore ISI initiated coverage on shares of McKesson in a report on Thursday, January 4th. They set an “outperform” rating and a $179.00 target price on the stock. ValuEngine cut shares of McKesson from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research raised shares of McKesson from a “hold” rating to a “buy” rating and set a $177.00 target price on the stock in a report on Tuesday, December 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. McKesson presently has an average rating of “Hold” and an average price target of $175.27.

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About McKesson

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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Institutional Ownership by Quarter for McKesson (NYSE:MCK)

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