National Pension Service Has $307.60 Million Position in McKesson Corporation $MCK

National Pension Service increased its position in shares of McKesson Corporation (NYSE:MCK) by 2.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 407,092 shares of the company’s stock after buying an additional 10,878 shares during the quarter. National Pension Service’s holdings in McKesson were worth $307,599,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new position in McKesson during the 4th quarter worth approximately $25,000. Swiss RE Ltd. bought a new position in shares of McKesson during the 4th quarter worth approximately $26,000. Delos Wealth Advisors LLC acquired a new stake in shares of McKesson in the second quarter valued at approximately $27,000. State of Wyoming acquired a new stake in shares of McKesson in the second quarter valued at approximately $29,000. Finally, Kingdom Financial Group LLC. bought a new stake in shares of McKesson in the fourth quarter worth $33,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

McKesson Trading Up 0.6%

NYSE:MCK opened at $894.38 on Thursday. The stock has a market capitalization of $104.28 billion, a PE ratio of 23.93, a P/E/G ratio of 1.77 and a beta of 0.30. McKesson Corporation has a 1-year low of $687.68 and a 1-year high of $999.00. The firm has a fifty day simple moving average of $856.40 and a 200 day simple moving average of $841.46.

McKesson (NYSE:MCK) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $9.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.56 by $0.37. The firm had revenue of $105.38 billion for the quarter, compared to analyst estimates of $103.88 billion. McKesson had a net margin of 1.12% and a negative return on equity of 253.21%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.26 earnings per share. McKesson has set its FY 2027 guidance at 44.200-45.000 EPS. On average, equities analysts predict that McKesson Corporation will post 44.65 earnings per share for the current fiscal year.

McKesson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from McKesson’s previous quarterly dividend of $0.82. McKesson’s payout ratio is currently 10.06%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MCK. Morgan Stanley restated an “overweight” rating on shares of McKesson in a report on Friday, August 7th. Robert W. Baird set a $1,015.00 price target on shares of McKesson in a research note on Thursday, August 6th. TD Cowen raised their price objective on McKesson from $989.00 to $1,006.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wall Street Zen downgraded McKesson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Evercore reiterated an “outperform” rating on shares of McKesson in a report on Thursday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, McKesson presently has a consensus rating of “Moderate Buy” and an average target price of $973.44.

Insider Transactions at McKesson

In other McKesson news, Director Bradley E. Lerman sold 301 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $892.33, for a total transaction of $268,591.33. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian S. Tyler sold 8,463 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $793.56, for a total value of $6,715,898.28. Following the completion of the sale, the chief executive officer owned 5,919 shares in the company, valued at $4,697,081.64. This represents a 58.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 17,227 shares of company stock worth $13,544,415. 0.06% of the stock is owned by insiders.

McKesson Company Profile

McKesson Corporation is a healthcare services and distribution company that supplies pharmaceuticals, specialty drugs, medical products and related services to pharmacies, hospitals, health systems, physicians and other healthcare providers. Its operations support the movement of prescription medicines and medical-surgical supplies from manufacturers to healthcare organizations and patients.

The company’s businesses include pharmaceutical distribution, specialty pharmaceutical services, medical-surgical supply distribution and technology solutions for pharmacies and other healthcare providers.