Todays Report: The Brokerages gives Consensus Recommendation of “Buy” to McKesson Corp. (MCK)

The Brokerages gives Consensus Recommendation of “Buy” to McKesson Corp. (MCK)

Shares of McKesson Corp. (NYSE:MCK) have received an average recommendation of “Buy” from the twenty research firms that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $206.36.

MCK has been the topic of several recent analyst reports. Vetr raised shares of McKesson Corp. from a “hold” rating to a “buy” rating and set a $188.01 price objective on the stock in a research note on Monday, June 20th. FBR & Co reissued a “buy” rating on shares of McKesson Corp. in a research note on Wednesday, June 22nd. Robert W. Baird reissued a “buy” rating and set a $220.00 price objective on shares of McKesson Corp. in a research note on Wednesday, June 29th. Bank of America Corp. reissued a “hold” rating on shares of McKesson Corp. in a research note on Thursday, June 30th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of McKesson Corp. in a research note on Thursday, June 30th.

In other McKesson Corp. news, Director Marie L/Ca Knowles sold 915 shares of McKesson Corp. stock in a transaction on Monday, August 1st. The shares were sold at an average price of $192.73, for a total transaction of $176,347.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Erin M. Lampert sold 1,739 shares of McKesson Corp. stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $165.94, for a total transaction of $288,569.66. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Gilman Hill Asset Management LLC boosted its position in McKesson Corp. by 0.4% in the second quarter. Gilman Hill Asset Management LLC now owns 1,657 shares of the company’s stock worth $309,000 after buying an additional 7 shares during the period. Nadler Financial Group Inc. boosted its position in McKesson Corp. by 0.5% in the third quarter. Nadler Financial Group Inc. now owns 1,337 shares of the company’s stock worth $223,000 after buying an additional 7 shares during the period. Pitcairn Co. boosted its position in McKesson Corp. by 0.6% in the second quarter. Pitcairn Co. now owns 1,516 shares of the company’s stock worth $283,000 after buying an additional 9 shares during the period. Pillar Pacific Capital Management LLC boosted its position in McKesson Corp. by 0.4% in the second quarter. Pillar Pacific Capital Management LLC now owns 2,435 shares of the company’s stock worth $454,000 after buying an additional 10 shares during the period. Finally, Citizens Financial Group Inc RI boosted its position in McKesson Corp. by 0.6% in the second quarter. Citizens Financial Group Inc RI now owns 2,216 shares of the company’s stock worth $414,000 after buying an additional 13 shares during the period. 84.77% of the stock is owned by hedge funds and other institutional investors.

Shares of McKesson Corp. (NYSE:MCK) traded up 0.20% on Wednesday, hitting $163.95. 450,508 shares of the stock traded hands. McKesson Corp. has a 52 week low of $148.29 and a 52 week high of $202.20. The firm has a market capitalization of $37.00 billion, a PE ratio of 17.02 and a beta of 0.93. The firm’s 50 day moving average is $173.45 and its 200 day moving average is $179.44.

McKesson Corp. (NYSE:MCK) last released its quarterly earnings data on Wednesday, July 27th. The company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.17. McKesson Corp. had a net margin of 1.15% and a return on equity of 31.62%. The business had revenue of $49.73 billion for the quarter, compared to analyst estimates of $50.32 billion. During the same quarter last year, the firm earned $3.14 EPS. McKesson Corp.’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts expect that McKesson Corp. will post $13.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 1st were issued a dividend of $0.28 per share. The ex-dividend date was Tuesday, August 30th. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. McKesson Corp.’s payout ratio is 11.64%.

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