Caisse DE Depot ET Placement DU Quebec Sells 131,900 Shares of McKesson Co. (MCK)
Caisse DE Depot ET Placement DU Quebec lessened its position in shares of McKesson Co. (NYSE:MCK) by 7.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,653,800 shares of the company’s stock after selling 131,900 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in McKesson were worth $257,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Icon Wealth Partners LLC purchased a new position in shares of McKesson during the 4th quarter valued at $111,000. Wealthcare Advisory Partners LLC purchased a new position in shares of McKesson during the 3rd quarter valued at $155,000. Community Financial Services Group LLC purchased a new position in shares of McKesson during the 4th quarter valued at $204,000. Biltmore Wealth Management LLC purchased a new position in shares of McKesson during the 3rd quarter valued at $206,000. Finally, Sawyer & Company Inc purchased a new position in shares of McKesson during the 4th quarter valued at $208,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.
In other McKesson news, Chairman John H. Hammergren sold 65,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was 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 accessible through this hyperlink. Also, SVP Erin M. Lampert sold 1,413 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $149.38, for a total value of $211,073.94. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Shares of McKesson Co. (NYSE:MCK) opened at $149.90 on Monday. McKesson Co. has a 1-year low of $133.82 and a 1-year high of $178.86. The firm has a market capitalization of $30,930.00, a PE ratio of 7.21, a price-to-earnings-growth ratio of 1.42 and a beta of 1.29. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.63.
McKesson (NYSE:MCK) last released its quarterly earnings results on Thursday, February 1st. The company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.49. McKesson had a return on equity of 22.98% and a net margin of 2.34%. The firm had revenue of $53.62 billion for the quarter, compared to analysts’ expectations of $51.98 billion. During the same quarter last year, the firm posted $3.04 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. equities research analysts forecast that McKesson Co. will post 12.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 1st will be issued a $0.34 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $1.36 annualized dividend and a dividend yield of 0.91%. McKesson’s payout ratio is currently 6.54%.
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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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