Advisors to the Nationwide Fund hold $ 41.84 million in McKesson Corporation (MCK) – tech2.org

Advisors to the Nationwide Fund hold $ 41.84 million in McKesson Corporation (MCK)



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  McKesson logo "title =" McKesson logo "clbad =" companylogo "/> Nationwide Fund Advisors increased its stake in McKesson Corporation (NYSE: MCK) by 4.8% during the third quarter, according to the company in its most recent Form 13F filed with the Securities and Exchange Commission The institutional investor owned 272,349 shares of the company after acquiring 12,464 additional shares during the period.Nationwide Fund Advisors owned approximately 0.13% of McKesson with a value of $ 41,836,000 at the end Most recent period. </p>
<p>  Other hedge funds and other institutional investors also recently made changes in their positions in the company.IHT Wealth Management LLC increased its stake in McKesson shares by 64.2% in the second quarter IHT Wealth Management LLC now owns 486 shares of the company, the company's stock valued at $ 1,027,000 after acquiring 19 0 additional shares in the last quarter. Captrust Financial Advisors acquired a new interest in McKesson in the fourth quarter valued at $ 107,000. American Beacon Advisors Inc. acquired a new stake in McKesson in the first quarter valued at $ 100,000. Harvest Fund Management Co. Ltd. acquired a new interest in McKesson in the second quarter valued at $ 125,000. Finally, Tompkins Financial Corp increased its stake in McKesson by 2.3% in the second quarter. Tompkins Financial Corp now owns 785 shares of the company's stock valued at $ 129,000 after buying 18 additional shares in the last quarter. Institutional investors and hedge funds hold 88.10% of the company's shares. </p>
<p>  In related news, CEO John H. Hammergren sold 100,000 shares of the company in a transaction on Tuesday, September 26. The stock was sold at an average price of $ 154.81, for a total transaction of $ 15,481,000.00. After the transaction, the CEO now owns 165,000 shares of the company, valued at $ 25,543,650. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In addition, CEO John H. Hammergren sold 99,000 shares of the company in a transaction on Friday, September 29. The stock was sold at an average price of $ 153.89, for a total value of $ 15,235,110.00. After the transaction, the chief executive is now the direct owner of 165,000 shares of the company, valued at approximately $ 25,391,850. The disclosure of this sale can be found here. In the last three months, insiders have sold 949,900 shares of the company's stock for a value of $ 145,403,445. The corporate experts own 1.20% of the company's shares. </p>
<p>  MCK has been the subject of several badyst reports. Needham & Company LLC restated a "buy" rating and issued a target price of $ 173.00 (below $ 178.00) in McKesson shares in a research note on Wednesday, November 1. Jefferies Group set a target price of $ 165.00 at McKesson and awarded the company a "suspension" rating on a research note on Wednesday, October 18. ValuEngine upgraded McKesson from a "suspension" rating to a "purchase" rating in a research note on Tuesday, October 31. BidaskClub reduced McKesson from a "hold" rating to a "sell" rating on a research note on Wednesday, August 9. Finally, TheStreet reduced McKesson from a grade of "b" to a grade of "c +" in a research note on Friday, August 25. Two badysts have rated the stock with a sales rating, six have granted a suspension rating and eleven have issued a purchase rating for the company's stock. The share has an average "Hold" rating and a consensual price target of $ 174.27. </p>
<p>  Shares of McKesson Corporation (NYSE: MCK) fell $ 1.35 during Friday's noon trading, reaching $ 146.39. The company's shares had a trading volume of 2,560,714 shares, compared to its average volume of 2,248,629. The stock has a market capitalization of $ 30,518.66, a price-earnings ratio of 12.04, a price-earnings-growth ratio of 1.50 and a beta of 1.23. McKesson Corporation has a minimum of 12 months of $ 133.82 and a maximum of 12 months of $ 169.29. The company has a debt to equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.05. </p>
<p>  McKesson (NYSE: MCK) last published its quarterly earnings data on Thursday, October 26. The company reported earnings per share (EPS) of $ 3.28 for the quarter, exceeding the consensus estimate of $ 2.78 for $ 0.50. McKesson had a return on equity of 24.87% and a net margin of 2.24%. The company had revenues of $ 52.06 billion for the quarter, compared to badysts' estimates of $ 51.69 billion. During the same quarter last year, the company recorded earnings per share of $ 2.94. The company's quarterly revenues grew by 4.2% compared to the same quarter last year. Research badysts forecast that McKesson Corporation will publish 12.16 EPS for the current fiscal year. </p>
<p>  The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2. Investors registered on Friday, December 1 will receive a dividend of $ 0.34 per share. This represents a dividend of $ 1.36 on an annualized basis and a dividend yield of 0.93%. The ex dividend date of this dividend is Thursday, November 30. McKesson's dividend payment rate is currently 6.45%. </p>
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Company Profile McKesson

McKesson Corporation (McKesson) is dedicated to the delivery of pharmaceuticals, medical supplies and healthcare information technology. The company operates through two segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes medicines and equipment and products for health and beauty care in North America and internationally.

  Institutional ownership per quarter for McKesson (NYSE: MCK)

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