California State Teachers Retirement System grew its stake in McKesson Co. (NYSE:MCK) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 378,771 shares of the company’s stock after buying an additional 1,274 shares during the period. California State Teachers Retirement System’s holdings in McKesson were worth $59,069,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Icon Wealth Partners LLC acquired a new position in shares of McKesson in the 4th quarter valued at $111,000. Wealthcare Advisory Partners LLC acquired a new position in shares of McKesson in the 3rd quarter valued at $155,000. Virtue Capital Management LLC acquired a new position in shares of McKesson in the 4th quarter valued at $180,000. Focused Wealth Management Inc lifted its stake in shares of McKesson by 650.0% in the 4th quarter. Focused Wealth Management Inc now owns 1,200 shares of the company’s stock valued at $187,000 after purchasing an additional 1,040 shares during the period. Finally, Aries Wealth Management acquired a new position in shares of McKesson in the 4th quarter valued at $218,000. 88.91% of the stock is currently owned by institutional investors.

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MCK has been the topic of a number of analyst reports. Deutsche Bank initiated coverage on McKesson in a research note on Monday, December 4th. They issued a “buy” rating and a $175.00 price target on the stock. Zacks Investment Research raised McKesson from a “hold” rating to a “buy” rating and set a $177.00 price target on the stock in a research note on Tuesday, December 26th. ValuEngine downgraded McKesson from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Evercore ISI initiated coverage on McKesson in a research note on Thursday, January 4th. They issued an “outperform” rating and a $179.00 price target on the stock. Finally, Robert W. Baird reissued a “buy” rating and issued a $200.00 price target on shares of McKesson in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $176.74.

Shares of McKesson Co. (NYSE MCK) opened at $157.69 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 0.61. McKesson Co. has a 1 year low of $133.82 and a 1 year high of $178.86. The company has a market cap of $32,540.00, a price-to-earnings ratio of 7.59, a P/E/G ratio of 1.48 and a beta of 1.29.

McKesson (NYSE:MCK) last released its earnings results on Thursday, February 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.92 by $0.49. The firm had revenue of $53.62 billion during the quarter, compared to analysts’ expectations of $51.98 billion. McKesson had a return on equity of 22.98% and a net margin of 2.34%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 EPS. research analysts expect that McKesson Co. will post 12.71 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Wednesday, February 28th. McKesson’s dividend payout ratio (DPR) is presently 6.54%.

In other McKesson news, Chairman John H. Hammergren sold 65,000 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Erin M. Lampert sold 1,413 shares of the stock in a transaction dated Thursday, March 1st. The stock was 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. 1.20% of the stock is currently owned by corporate insiders.

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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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