McKesson Co. (MCK) Stake Increased by First Trust Advisors LP

First Trust Advisors LP lifted its stake in shares of McKesson Co. (NYSE:MCK) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 251,887 shares of the company’s stock after buying an additional 8,094 shares during the quarter. First Trust Advisors LP’s holdings in McKesson were worth $39,282,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of McKesson by 6.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,540,305 shares of the company’s stock worth $390,217,000 after buying an additional 154,967 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of McKesson by 17.2% during the 3rd quarter. Pzena Investment Management LLC now owns 2,458,531 shares of the company’s stock worth $377,655,000 after buying an additional 360,676 shares during the last quarter. Boston Partners lifted its position in shares of McKesson by 61.5% during the 4th quarter. Boston Partners now owns 1,815,132 shares of the company’s stock worth $283,070,000 after buying an additional 691,476 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of McKesson by 0.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,785,700 shares of the company’s stock worth $275,455,000 after buying an additional 5,000 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of McKesson by 0.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,379,609 shares of the company’s stock worth $211,922,000 after buying an additional 9,281 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

McKesson Co. (NYSE MCK) opened at $150.50 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 0.61. The stock has a market cap of $31,054.06, a price-to-earnings ratio of 6.67, a price-to-earnings-growth ratio of 1.37 and a beta of 1.23. McKesson Co. has a 12 month low of $133.82 and a 12 month high of $178.86.

McKesson (NYSE:MCK) last announced its quarterly earnings data on Thursday, February 1st. The company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.49. The company had revenue of $53.62 billion for the quarter, compared to analysts’ expectations of $51.98 billion. McKesson had a net margin of 2.34% and a return on equity of 22.98%. McKesson’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.04 EPS. equities research analysts anticipate that McKesson Co. will post 12.71 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 1st will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.36 annualized dividend and a yield of 0.90%. McKesson’s dividend payout ratio is currently 6.03%.

A number of equities analysts have recently commented on the stock. Zacks Investment Research cut shares of McKesson from a “buy” rating to a “hold” rating in a report on Thursday. Mizuho set a $168.00 target price on shares of McKesson and gave the company a “hold” rating in a report on Tuesday, October 24th. ValuEngine cut shares of McKesson from a “buy” rating to a “hold” rating in a report on Thursday. Robert W. Baird reaffirmed a “buy” rating and issued a $200.00 target price on shares of McKesson in a report on Wednesday, January 17th. Finally, Jefferies Group raised shares of McKesson from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $177.50.

In other McKesson news, Chairman John H. Hammergren sold 65,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $160.00, for a total value of $10,400,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

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McKesson Company Profile

McKesson Corporation is a healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology company. The Company provides medicines, medical products and healthcare services by partnering with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare.

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Institutional Ownership by Quarter for McKesson (NYSE:MCK)

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