McKesson Corporation $MCK Holdings Increased by Fisher Funds Management LTD

Fisher Funds Management LTD grew its stake in shares of McKesson Corporation (NYSE:MCK) by 166.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 34,969 shares of the company’s stock after acquiring an additional 21,851 shares during the period. Fisher Funds Management LTD’s holdings in McKesson were worth $28,841,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCK. GGM Financials LLC bought a new stake in shares of McKesson during the 3rd quarter worth about $25,000. State of Wyoming bought a new stake in shares of McKesson during the 2nd quarter worth about $29,000. Hopwood Financial Services Inc. bought a new stake in shares of McKesson during the 3rd quarter worth about $31,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of McKesson during the 3rd quarter worth about $33,000. Finally, Board of the Pension Protection Fund acquired a new position in McKesson during the fourth quarter worth about $33,000. 85.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MCK has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $966.00 target price on shares of McKesson in a report on Thursday, January 29th. Raymond James Financial set a $970.00 target price on McKesson in a report on Thursday, March 5th. Barclays lifted their target price on McKesson from $960.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. TD Cowen lifted their target price on McKesson from $1,000.00 to $1,012.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Mizuho lifted their target price on McKesson from $880.00 to $885.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, McKesson has an average rating of “Moderate Buy” and a consensus target price of $970.93.

Insider Buying and Selling

In related news, CAO Napoleon B. Rutledge, Jr. sold 328 shares of McKesson stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $955.00, for a total value of $313,240.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Leann B. Smith sold 190 shares of McKesson stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $945.00, for a total value of $179,550.00. Following the completion of the transaction, the executive vice president directly owned 2,989 shares in the company, valued at $2,824,605. This represents a 5.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,592 shares of company stock worth $3,518,555. Company insiders own 0.08% of the company’s stock.

McKesson Stock Up 0.5%

NYSE:MCK opened at $868.08 on Friday. The business’s 50-day moving average price is $915.83 and its 200 day moving average price is $853.64. The firm has a market cap of $106.33 billion, a P/E ratio of 24.97, a PEG ratio of 1.25 and a beta of 0.42. McKesson Corporation has a 52-week low of $637.00 and a 52-week high of $999.00.

McKesson (NYSE:MCK) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $9.34 earnings per share for the quarter, topping analysts’ consensus estimates of $9.19 by $0.15. The firm had revenue of $106.16 billion for the quarter, compared to analysts’ expectations of $105.98 billion. McKesson had a negative return on equity of 338.97% and a net margin of 1.09%.McKesson’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $8.03 EPS. McKesson has set its FY 2026 guidance at 38.800-39.200 EPS. Sell-side analysts expect that McKesson Corporation will post 32.77 EPS for the current year.

McKesson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were paid a $0.82 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 0.4%. McKesson’s dividend payout ratio (DPR) is currently 9.43%.

McKesson Company 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.