One Capital Management LLC Buys Shares of 1,806 McKesson Co. (NYSE:MCK)

One Capital Management LLC bought a new stake in shares of McKesson Co. (NYSE:MCK) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,806 shares of the company’s stock, valued at approximately $1,055,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MCK. Sachetta LLC acquired a new position in McKesson during the 4th quarter valued at about $27,000. LRI Investments LLC bought a new stake in shares of McKesson during the 1st quarter worth about $28,000. Register Financial Advisors LLC bought a new stake in shares of McKesson during the 1st quarter worth about $29,000. Richardson Financial Services Inc. bought a new stake in shares of McKesson during the 4th quarter worth about $31,000. Finally, Newbridge Financial Services Group Inc. raised its position in shares of McKesson by 333.3% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 65 shares of the company’s stock worth $35,000 after buying an additional 50 shares in the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McKesson

In related news, CEO Brian S. Tyler sold 3,753 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $626.03, for a total transaction of $2,349,490.59. Following the transaction, the chief executive officer now directly owns 82,339 shares of the company’s stock, valued at $51,546,684.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 11,259 shares of company stock valued at $6,635,492 over the last ninety days. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Evercore ISI dropped their price target on shares of McKesson from $660.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Citigroup dropped their price target on shares of McKesson from $670.00 to $630.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. StockNews.com downgraded shares of McKesson from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 9th. Robert W. Baird dropped their price target on shares of McKesson from $694.00 to $671.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Argus boosted their price target on shares of McKesson from $570.00 to $670.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, McKesson presently has a consensus rating of “Moderate Buy” and a consensus target price of $620.93.

McKesson Price Performance

McKesson stock opened at $519.82 on Tuesday. The firm’s 50 day simple moving average is $565.94 and its 200-day simple moving average is $557.75. The company has a market cap of $67.41 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 1.18 and a beta of 0.44. McKesson Co. has a fifty-two week low of $422.15 and a fifty-two week high of $637.51.

McKesson (NYSE:MCK) last released its earnings results on Wednesday, August 7th. The company reported $7.88 earnings per share for the quarter, topping the consensus estimate of $7.21 by $0.67. The business had revenue of $79.28 billion for the quarter, compared to the consensus estimate of $82.53 billion. McKesson had a net margin of 0.94% and a negative return on equity of 242.57%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $7.27 earnings per share. On average, analysts expect that McKesson Co. will post 32.11 EPS for the current fiscal year.

McKesson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 2nd will be given a $0.71 dividend. This is an increase from McKesson’s previous quarterly dividend of $0.62. This represents a $2.84 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, August 30th. McKesson’s dividend payout ratio (DPR) is 12.69%.

McKesson 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.