Oddo BHF Asset Management Sas Acquires 13,165 Shares of McKesson Corporation $MCK

Oddo BHF Asset Management Sas lifted its holdings in McKesson Corporation (NYSE:MCK) by 38.3% during the fourth quarter, HoldingsChannel reports. The firm owned 47,559 shares of the company’s stock after purchasing an additional 13,165 shares during the period. McKesson comprises 1.5% of Oddo BHF Asset Management Sas’ investment portfolio, making the stock its 11th biggest position. Oddo BHF Asset Management Sas’ holdings in McKesson were worth $39,012,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. GGM Financials LLC bought a new stake in shares of McKesson in the third quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of McKesson in the fourth quarter valued at about $25,000. Swiss RE Ltd. bought a new stake in shares of McKesson in the fourth quarter valued at about $26,000. State of Wyoming bought a new position in McKesson during the second quarter worth about $29,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in McKesson during the third quarter worth about $33,000. Institutional investors own 85.07% of the company’s stock.

McKesson Trading Down 0.6%

NYSE MCK opened at $779.35 on Tuesday. The firm has a market cap of $93.68 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 1.29 and a beta of 0.31. The company has a 50 day moving average of $795.97 and a 200-day moving average of $845.41. McKesson Corporation has a 1-year low of $637.00 and a 1-year high of $999.00.

McKesson (NYSE:MCK) last posted its quarterly earnings data on Thursday, May 7th. The company reported $11.69 earnings per share for the quarter, topping the consensus estimate of $11.56 by $0.13. The company had revenue of $96.30 billion during the quarter, compared to analyst estimates of $101.35 billion. McKesson had a net margin of 1.18% and a negative return on equity of 345.35%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $10.12 earnings per share. McKesson has set its FY 2027 guidance at 43.800-44.600 EPS. On average, analysts forecast that McKesson Corporation will post 44.28 earnings per share for the current year.

McKesson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $3.28 annualized dividend and a dividend yield of 0.4%. McKesson’s dividend payout ratio (DPR) is presently 8.53%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. William Blair assumed coverage on shares of McKesson in a research note on Tuesday, April 28th. They set an “outperform” rating for the company. UBS Group raised their price target on shares of McKesson from $1,000.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of McKesson from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Raymond James Financial set a $970.00 price target on shares of McKesson in a research note on Thursday, March 5th. Finally, Citigroup cut their price target on shares of McKesson from $975.00 to $945.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, McKesson has an average rating of “Moderate Buy” and a consensus target price of $960.53.

Insider Activity

In other news, EVP Michele Lau sold 3,550 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $761.09, for a total transaction of $2,701,869.50. Following the completion of the sale, the executive vice president owned 3,247 shares of the company’s stock, valued at approximately $2,471,259.23. This trade represents a 52.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thomas L. Rodgers sold 699 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $735.27, for a total transaction of $513,953.73. Following the sale, the executive vice president directly owned 2,268 shares of the company’s stock, valued at approximately $1,667,592.36. The trade was a 23.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 11,822 shares of company stock worth $8,986,212. Corporate insiders own 0.08% of the company’s stock.

McKesson Profile

McKesson Corporation (NYSE: MCK) is a global healthcare services and distribution company that supplies pharmaceuticals, medical-surgical products and health care technology solutions. Founded in 1833 and headquartered in Irving, Texas, McKesson operates across the drug distribution and healthcare services value chain, connecting manufacturers, pharmacies, hospitals and health systems to help manage the movement of medicines and clinical supplies.

The company’s core activities include pharmaceutical wholesale distribution and logistics, specialty pharmacy services, and the provision of medical-surgical supplies to acute and non-acute care providers.