Vestmark Advisory Solutions Inc. Takes Position in McKesson Co. (NYSE:MCK)

Vestmark Advisory Solutions Inc. acquired a new stake in McKesson Co. (NYSE:MCK) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 353 shares of the company’s stock, valued at approximately $201,000.

A number of other large investors also recently modified their holdings of the company. Freestone Capital Holdings LLC lifted its position in McKesson by 0.4% during the fourth quarter. Freestone Capital Holdings LLC now owns 13,786 shares of the company’s stock valued at $7,857,000 after purchasing an additional 58 shares during the last quarter. Ethos Financial Group LLC lifted its position in McKesson by 4.8% during the fourth quarter. Ethos Financial Group LLC now owns 678 shares of the company’s stock valued at $387,000 after purchasing an additional 31 shares during the last quarter. Raymond James Financial Inc. bought a new stake in McKesson during the fourth quarter valued at approximately $128,125,000. Cullen Frost Bankers Inc. lifted its position in McKesson by 4.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 2,733 shares of the company’s stock valued at $1,558,000 after purchasing an additional 107 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in McKesson by 0.4% during the fourth quarter. Arizona State Retirement System now owns 37,347 shares of the company’s stock valued at $21,284,000 after purchasing an additional 156 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McKesson

In other McKesson news, CEO Brian S. Tyler sold 8,961 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $600.66, for a total transaction of $5,382,514.26. Following the transaction, the chief executive officer now directly owns 69,625 shares of the company’s stock, valued at approximately $41,820,952.50. The trade was a 11.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Leann B. Smith sold 188 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $609.59, for a total transaction of $114,602.92. Following the transaction, the executive vice president now directly owns 1,051 shares in the company, valued at approximately $640,679.09. The trade was a 15.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,689 shares of company stock valued at $11,187,351. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of McKesson from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 14th. Bank of America dropped their target price on shares of McKesson from $680.00 to $650.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Morgan Stanley lifted their target price on shares of McKesson from $612.00 to $642.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Evercore ISI boosted their price objective on shares of McKesson from $650.00 to $675.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company boosted their price objective on shares of McKesson from $535.00 to $641.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $645.79.

McKesson Stock Up 0.5 %

Shares of NYSE MCK opened at $644.92 on Monday. McKesson Co. has a 52 week low of $464.42 and a 52 week high of $653.92. The firm’s fifty day moving average is $600.67 and its 200 day moving average is $567.55. The company has a market cap of $80.82 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 1.29 and a beta of 0.52.

McKesson (NYSE:MCK) last issued its earnings results on Wednesday, February 5th. The company reported $8.03 EPS for the quarter, missing the consensus estimate of $8.60 by ($0.57). McKesson had a negative return on equity of 181.26% and a net margin of 0.82%. Equities research analysts anticipate that McKesson Co. will post 32.77 earnings per share for the current year.

McKesson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Monday, March 3rd. McKesson’s payout ratio is currently 13.00%.

McKesson Company Profile

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.