Kapitalo Investimentos Ltda Buys 431 Shares of McKesson Co. (NYSE:MCK)

Kapitalo Investimentos Ltda grew its stake in shares of McKesson Co. (NYSE:MCKFree Report) by 35.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,643 shares of the company’s stock after purchasing an additional 431 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in McKesson were worth $761,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MCK. Loomis Sayles & Co. L P raised its holdings in shares of McKesson by 123.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 497 shares of the company’s stock valued at $216,000 after purchasing an additional 275 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of McKesson by 1.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,947 shares of the company’s stock worth $847,000 after acquiring an additional 37 shares during the period. Rafferty Asset Management LLC increased its holdings in shares of McKesson by 7.2% during the 3rd quarter. Rafferty Asset Management LLC now owns 14,073 shares of the company’s stock worth $6,120,000 after acquiring an additional 949 shares during the last quarter. QRG Capital Management Inc. bought a new stake in McKesson in the 3rd quarter valued at $5,117,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in McKesson during the 3rd quarter valued at $6,931,000. Institutional investors own 85.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MCK. SVB Leerink initiated coverage on shares of McKesson in a research report on Monday, February 26th. They issued an “outperform” rating and a $600.00 price objective on the stock. Evercore ISI increased their target price on McKesson from $590.00 to $600.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Leerink Partnrs restated an “outperform” rating on shares of McKesson in a research note on Monday, February 26th. TD Cowen lifted their price objective on shares of McKesson from $563.00 to $652.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Morgan Stanley increased their target price on shares of McKesson from $522.00 to $548.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.47.

View Our Latest Analysis on McKesson

McKesson Trading Down 0.3 %

NYSE MCK traded down $1.66 during trading hours on Tuesday, hitting $595.79. 62,395 shares of the company’s stock were exchanged, compared to its average volume of 701,810. McKesson Co. has a 1-year low of $395.30 and a 1-year high of $599.09. The stock has a 50-day simple moving average of $552.34 and a 200 day simple moving average of $516.61. The firm has a market cap of $77.45 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 1.38 and a beta of 0.47.

McKesson (NYSE:MCKGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $6.18 earnings per share for the quarter, missing the consensus estimate of $6.34 by ($0.16). The company had revenue of $76.36 billion during the quarter, compared to the consensus estimate of $79.32 billion. McKesson had a net margin of 0.97% and a negative return on equity of 245.88%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.19 EPS. On average, sell-side analysts anticipate that McKesson Co. will post 31.54 earnings per share for the current fiscal year.

McKesson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a $0.62 dividend. The ex-dividend date is Monday, June 3rd. This represents a $2.48 annualized dividend and a dividend yield of 0.42%. McKesson’s dividend payout ratio is presently 11.08%.

Insider Activity at McKesson

In other news, Director Susan R. Salka sold 606 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $558.04, for a total transaction of $338,172.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Susan R. Salka sold 606 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $558.04, for a total value of $338,172.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Maria Martinez sold 483 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $585.88, for a total value of $282,980.04. The disclosure for this sale can be found here. Insiders sold 25,814 shares of company stock valued at $14,511,649 in the last three months. Corporate insiders own 0.21% of the company’s stock.

About McKesson

(Free Report)

McKesson Corporation provides healthcare services in the United States and internationally. It operates through four segments: U.S. Pharmaceutical, Prescription Technology Solutions (RxTS), Medical-Surgical Solutions, and International. The U.S. Pharmaceutical segment distributes branded, generic, specialty, biosimilar and over-the-counter pharmaceutical drugs, and other healthcare-related products.

Featured Articles

Want to see what other hedge funds are holding MCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McKesson Co. (NYSE:MCKFree Report).

Institutional Ownership by Quarter for McKesson (NYSE:MCK)

Receive News & Ratings for McKesson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McKesson and related companies with MarketBeat.com's FREE daily email newsletter.