McKesson Corporation (NYSE:MCK) is expected to pay $0.28 on Jan 2, 2017. The indicated annual dividend is $1.12. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on McKesson Corporation’s current price of $143.07, the dividend is 0.20%. This dividend’s record date is Dec 1, 2016 and the announcement date is Oct 28, 2016. The stock increased 1.27% or $1.8 on November 25, hitting $143.07. McKesson Corporation (NYSE:MCK) has declined 19.24% since April 25, 2016 and is downtrending. It has underperformed by 25.26% the S&P500.
McKesson Corporation is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The company has a market cap of $32.76 billion. The Firm operates through two divisions: McKesson Distribution Solutions and Technology Solutions. It has a 16.06 P/E ratio. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally.
Insitutional Activity: The institutional sentiment increased to 1.06 in Q2 2016. Its up 0.23, from 0.83 in 2016Q1. The ratio is positive, as 79 funds sold all McKesson Corporation shares owned while 353 reduced positions. 88 funds bought stakes while 269 increased positions. They now own 186.66 million shares or 6.92% less from 200.54 million shares in 2016Q1.
American Savings Bank accumulated 0.22% or 3,277 shares. Ontario Teachers Pension Plan Board holds 23,073 shares or 0.05% of its portfolio. Meyer Handelman accumulated 233,467 shares or 1.96% of the stock. Mizuho Asset Management Coltd holds 14,544 shares or 0.49% of its portfolio. Royal Bank Of Canada reported 685,485 shares or 0.08% of all its holdings. Moreover, Bellecapital Intl Limited has 1.2% invested in McKesson Corporation (NYSE:MCK) for 5,893 shares. Ltd Llc reported 38,200 shares or 0.56% of all its holdings. Bokf Na owns 8,305 shares or 0.05% of their US portfolio. Weitz Inv Mngmt Inc has invested 0.4% of its portfolio in McKesson Corporation (NYSE:MCK). The Japan-based Tokio Marine Asset Mngmt Limited has invested 0.76% in McKesson Corporation (NYSE:MCK). Moreover, Kj Harrison & Prtnrs Inc has 0.75% invested in McKesson Corporation (NYSE:MCK) for 7,500 shares. Delta Lloyd Nv holds 14,450 shares or 0.09% of its portfolio. Douglass Winthrop Advsrs Ltd Liability, a New York-based fund reported 3,502 shares. Jane Street Group Ltd, a New York-based fund reported 7,285 shares. Palisade Asset Mgmt Ltd Liability Company last reported 3,895 shares in the company.
Insider Transactions: Since August 1, 2016, the stock had 1 insider purchase, and 7 insider sales for $37.72 million net activity. The insider HAMMERGREN JOHN H sold 100,500 shares worth $18.51M. Another trade for 921 shares valued at $114,195 was sold by Lampert Erin M. Shares for $176,348 were sold by KNOWLES MARIE L/CA on Monday, August 1. 2,309 shares were sold by BUDD WAYNE A, worth $414,920 on Monday, September 12. JACOBS M CHRISTINE also sold $177,312 worth of McKesson Corporation (NYSE:MCK) on Monday, August 22. $136,351 worth of McKesson Corporation (NYSE:MCK) was bought by SALKA SUSAN R.
McKesson Corporation (NYSE:MCK) Ratings Coverage
Out of 17 analysts covering McKesson Corporation (NYSE:MCK), 7 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 41% are positive. McKesson Corporation has been the topic of 42 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, October 28 by Standpoint Research. The firm has “Hold” rating by Standpoint Research given on Friday, November 11. On Monday, September 26 the stock rating was maintained by Mizuho with “Neutral”. Zacks upgraded McKesson Corporation (NYSE:MCK) rating on Wednesday, August 26. Zacks has “Hold” rating and $211 price target. Deutsche Bank downgraded McKesson Corporation (NYSE:MCK) on Friday, October 28 to “Hold” rating. The stock has “Buy” rating given by Mizuho on Monday, September 21. The stock has “Buy” rating given by Mizuho on Tuesday, October 27. The rating was downgraded by Goldman Sachs on Wednesday, November 4 to “Buy”. The firm has “Outperform” rating given on Thursday, July 30 by FBR Capital. The stock of McKesson Corporation (NYSE:MCK) has “Neutral” rating given on Thursday, August 11 by Mizuho.
Another recent and important McKesson Corporation (NYSE:MCK) news was published by Seekingalpha.com which published an article titled: “Why McKesson Corporation Shares Fell 23% In A Day” on October 30, 2016.
MCK Company Profile
McKesson Corporation (McKesson), incorporated on July 7, 1994, is a pharmaceutical distribution services and information technology company. The Firm delivers an offering of pharmaceuticals and medical supplies. The Firm operates through two divisions: McKesson Distribution Solutions and McKesson Technology Solutions.
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