McKesson Corporation (MCK) Position Reduced by DekaBank Deutsche Girozentrale – tech2.org

McKesson Corporation (MCK) Position Reduced by DekaBank Deutsche Girozentrale



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 McKesson logo "title =" McKesson logo "clbad =" companylogo "/> DekaBank Deutsche Girozentrale lowered its position in shares of McKesson Corporation (NYSE: MCK) by 10.2% during the third quarter, according to its most recent Form 13F filing with the SEC The institutional investor owned 81,648 shares of the company's stock after selling 9,305 shares during the period DekaBank Deutsche Girozentrale's holdings in McKesson were worth $ 12,260,000 at the end of the most recent reporting period </p>
<p> Several other hedge funds and other institutional investors also recently added to their reduced inks MCK Invictus RG boosted its holdings in McKesson by 57.5% in the 1st quarter Invictus RG now owns 3,242 shares of the company's stock valued at $ 481,000 after purchasing an additional 1,183 shares in the last quarter Lucus Advisors LLC purchased a new stake in McKesson in the 1st quarter valued at approximately $ 407,000 Schwab Charles Investment Management Inc. boosted its holdings in McKesson by 12.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,004,515 shares of the company's stock valued at $ 148,930,000 after purchasing an additional 110,391 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in McKesson in the 1st quarter valued at approximately $ 2,144,000. Finally, Perceptive Advisors LLC boosted its holdings in McKesson by 17.0% in the 1st quarter. Perceptive Advisors LLC now owns 3,601 shares of the company's stock valued at $ 534,000 after purchasing an additional 523 shares in the last quarter. 88.10% of the stock is currently owned by hedge funds and other institutional investors. </p>
<p> Several equities research badysts have recently commented on the company. Morgan Stanley downgraded McKesson from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $ 184.00 to $ 172.00 in a report on Thursday, September 14th. BidaskClub downgraded McKesson from a "hold" rating to a "sell" rating in a report on Wednesday, August 9th. Needham & Company LLC upgraded McKesson from a "hold" rating to a "buy" rating and set at $ 179.00 price target for the company in a report on Friday, September 8th. Mizuho set at $ 168.00 price target on McKesson and gave the company a "hold" rating in a report on Tuesday, October 24th. Finally, Royal Bank Of Canada coverage coverage on McKesson in a report on Tuesday, September 19th. They set a "sector perform" rating and a $ 168.00 price objective for the company. Two research badysts have rated the stock with a sell rating, six have badigned a hold rating and have had a buy rating to the company. McKesson has a consensus rating of "Hold" and a consensus price target of $ 174.27. </p>
<p> In other news, CEO John H. Hammergren sold 100,000 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $ 154.81, for a total value of $ 15,481,000.00. Following the completion of the transaction, the chief executive officer now directly owns 165,000 shares in the company, valued at $ 25,543,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John H. Hammergren sold 225,000 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $ 151.67, for a total transaction of $ 34,125,750.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 949,900 shares of company stock worth $ 145,403,445. 1.20% of the stock is owned by company insiders. </p>
<p> Shares of McKesson Corporation (MCK) traded down $ 1.35 during trading on Friday, hitting $ 146.39. 2,560,714 shares of the stock exchanged, compared to its average volume of 2,248,629. The firm has a market cap of $ 30,800.02, a price-to-earnings ratio of 12.15, a PEG ratio of 1.52 and a beta of 1.23. The company has a current ratio of 1.05, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. McKesson Corporation has a 1-year low of $ 133.82 and a 1-year high of $ 169.29. </p>
<p> McKesson (NYSE: MCK) last released its quarterly earnings data on Thursday, October 26th. The company reported $ 3.28 earnings per share for the quarter, topping the consensus estimate of $ 2.78 and $ 0.50. The firm had revenue of $ 52.06 billion for the quarter, compared to badyst estimates of $ 51.69 billion. McKesson had a net margin of 2.24% and a return on equity of 24.87%. McKesson's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $ 2.94 earnings per share. equities badysts expect that McKesson Corporation will post 12.16 EPS for the current year. </p>
<p> The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be paid to dividend of $ 0.34 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents $ 1.36 annualized dividend and a yield of 0.93%. McKesson's dividend payout ratio (DPR) is 6.45%. </p>
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About McKesson

McKesson Corporation (McKesson) is engaged in delivering 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 drugs and equipment, and health and beauty care products across North America and internationally.

 Institutional Ownership by Quarter for McKesson (NYSE: MCK) "title =" Institutional Ownership by Quarter for McKesson (NYSE: MCK) ) "/> </p>
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