Nisa Investment Advisors LLC Purchases 4,332 Shares of McKesson Corporation $MCK

Nisa Investment Advisors LLC raised its position in McKesson Corporation (NYSE:MCK) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,209 shares of the company’s stock after acquiring an additional 4,332 shares during the quarter. Nisa Investment Advisors LLC’s holdings in McKesson were worth $39,584,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MCK. Meyer Handelman Co. lifted its position in shares of McKesson by 3.5% in the fourth quarter. Meyer Handelman Co. now owns 104,906 shares of the company’s stock valued at $86,053,000 after buying an additional 3,520 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of McKesson by 26.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 1,216 shares of the company’s stock valued at $997,000 after purchasing an additional 256 shares during the period. Parkwoods Wealth Partners LLC bought a new position in shares of McKesson in the fourth quarter valued at about $495,000. Range Financial Group LLC lifted its stake in shares of McKesson by 3.8% during the 4th quarter. Range Financial Group LLC now owns 739 shares of the company’s stock worth $606,000 after buying an additional 27 shares during the last quarter. Finally, Silver Oak Securities Incorporated lifted its stake in shares of McKesson by 4.2% during the 4th quarter. Silver Oak Securities Incorporated now owns 702 shares of the company’s stock worth $581,000 after buying an additional 28 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Insider Buying and Selling

In related news, EVP Thomas L. Rodgers sold 276 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $816.18, for a total transaction of $225,265.68. Following the sale, the executive vice president owned 2,268 shares in the company, valued at approximately $1,851,096.24. This trade represents a 10.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Napoleon B. Rutledge, Jr. sold 328 shares of McKesson stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $955.00, for a total transaction of $313,240.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,868 shares of company stock worth $3,743,820. 0.08% of the stock is owned by company insiders.

McKesson Trading Up 0.6%

Shares of MCK opened at $864.99 on Wednesday. McKesson Corporation has a 12 month low of $637.00 and a 12 month high of $999.00. The firm’s 50 day moving average is $908.89 and its 200-day moving average is $842.77. The stock has a market capitalization of $105.95 billion, a PE ratio of 24.88, a P/E/G ratio of 1.38 and a beta of 0.38.

McKesson (NYSE:MCK) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $9.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.19 by $0.15. The business had revenue of $106.16 billion for the quarter, compared to the consensus estimate of $105.98 billion. McKesson had a negative return on equity of 338.97% and a net margin of 1.09%.The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.03 earnings per share. McKesson has set its FY 2026 guidance at 38.800-39.200 EPS. Equities research analysts predict that McKesson Corporation will post 32.77 earnings per share for the current fiscal year.

McKesson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd. McKesson’s dividend payout ratio (DPR) is currently 9.43%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of McKesson from $983.00 to $1,107.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Wall Street Zen upgraded shares of McKesson from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. Leerink Partners restated an “outperform” rating and set a $1,085.00 price objective on shares of McKesson in a report on Thursday, March 5th. Raymond James Financial set a $970.00 target price on McKesson in a research report on Thursday, March 5th. Finally, Barclays lifted their price target on McKesson from $960.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, McKesson has a consensus rating of “Moderate Buy” and an average price target of $960.93.

McKesson Profile

McKesson Corporation (NYSE: MCK) is a global healthcare services and distribution company that supplies pharmaceuticals, medical-surgical products and health care technology solutions. Founded in 1833 and headquartered in Irving, Texas, McKesson operates across the drug distribution and healthcare services value chain, connecting manufacturers, pharmacies, hospitals and health systems to help manage the movement of medicines and clinical supplies.

The company’s core activities include pharmaceutical wholesale distribution and logistics, specialty pharmacy services, and the provision of medical-surgical supplies to acute and non-acute care providers.