Secure Asset Management LLC Purchases 1,760 Shares of McKesson Corporation $MCK

Secure Asset Management LLC increased its position in McKesson Corporation (NYSE:MCK) by 484.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,123 shares of the company’s stock after acquiring an additional 1,760 shares during the period. Secure Asset Management LLC’s holdings in McKesson were worth $1,604,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new position in McKesson in the 4th quarter worth $25,000. Swiss RE Ltd. bought a new position in McKesson in the fourth quarter worth $26,000. Delos Wealth Advisors LLC acquired a new stake in shares of McKesson during the 2nd quarter valued at about $27,000. State of Wyoming bought a new stake in shares of McKesson in the 2nd quarter valued at approximately $29,000. Finally, Kingdom Financial Group LLC. acquired a new position in McKesson during the fourth quarter worth $33,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Insider Activity

In other news, CAO Napoleon B. Rutledge, Jr. sold 133 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $764.00, for a total value of $101,612.00. Following the transaction, the chief accounting officer owned 632 shares of the company’s stock, valued at $482,848. This represents a 17.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bradley E. Lerman sold 301 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $892.33, for a total value of $268,591.33. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,289 shares of company stock valued at $17,406,854 in the last 90 days. 0.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MCK shares. Wells Fargo & Company raised their price target on McKesson from $812.00 to $933.00 and gave the company an “equal weight” rating in a report on Tuesday, August 11th. Robert W. Baird set a $1,015.00 price target on McKesson in a report on Thursday, August 6th. Morgan Stanley reiterated an “overweight” rating on shares of McKesson in a research report on Friday, August 7th. UBS Group raised their price objective on shares of McKesson from $1,050.00 to $1,080.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen lowered shares of McKesson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $973.44.

McKesson Stock Up 2.6%

McKesson stock opened at $907.95 on Wednesday. The business’s 50-day simple moving average is $838.95 and its 200 day simple moving average is $842.64. The stock has a market cap of $105.86 billion, a price-to-earnings ratio of 24.30, a P/E/G ratio of 1.74 and a beta of 0.30. McKesson Corporation has a 12-month low of $682.35 and a 12-month high of $999.00.

McKesson (NYSE:MCK) last released its earnings results on Wednesday, August 5th. The company reported $9.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.56 by $0.37. McKesson had a net margin of 1.12% and a negative return on equity of 253.21%. The company had revenue of $105.38 billion for the quarter, compared to the consensus estimate of $103.88 billion. During the same period in the prior year, the company posted $8.26 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. McKesson has set its FY 2027 guidance at 44.200-45.000 EPS. As a group, sell-side analysts expect that McKesson Corporation will post 44.65 EPS for the current year.

McKesson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 1st. This is a positive change from McKesson’s previous quarterly dividend of $0.82. McKesson’s dividend payout ratio is presently 10.06%.

Key Headlines Impacting McKesson

Here are the key news stories impacting McKesson this week:

• Positive Sentiment: Market resilience despite the breach headlines: McKesson’s shares remained higher, suggesting investors may be viewing the incident as manageable for now. The company’s latest reported quarter showed revenue growth, earnings above estimates and fiscal 2027 EPS guidance of $44.20–$45.00, although those results predate the cybersecurity disclosures.
• Neutral Sentiment: Long-term performance remains a supportive backdrop: A separate report highlights the substantial wealth created by holding McKesson over the past decade. However, the article is retrospective and does not provide a new reason for near-term buying. Here’s How Much a $1000 Investment in McKesson Made 10 Years Ago Would Be Worth Today
• Negative Sentiment: McKesson confirmed a cybersecurity incident involving data exfiltration. The company is investigating what information was accessed or removed. Several reports say the attackers, identified as the ShinyHunters group, claim to have stolen as many as 284 million patient records; McKesson has not confirmed that figure or the full scope of the affected data. McKesson confirms cyberattack as hackers claim theft of patient data Hackers claim millions of patient records stolen during data breach at healthcare giant McKesson
• Negative Sentiment: Potential financial and operational consequences are significant. McKesson supplies roughly one-third of hospital prescriptions, increasing the sensitivity of any disruption. Reports also cite an alleged $55 million ransom demand and threats to publish stolen information. Possible effects include incident-response costs, regulatory scrutiny, lawsuits, customer remediation and reputational damage, though the ransom amount and breach size remain unverified. McKesson Faces $55 Million Ransom Demand After Massive Data Breach McKesson investigating cybersecurity incident

About McKesson

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.