Union Bancaire Privee UBP SA Decreases Position in McKesson Corporation $MCK

Union Bancaire Privee UBP SA trimmed its holdings in shares of McKesson Corporation (NYSE:MCK) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,308 shares of the company’s stock after selling 956 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in McKesson were worth $1,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MCK. GGM Financials LLC acquired a new stake in McKesson in the 3rd quarter worth approximately $25,000. State of Wyoming acquired a new position in McKesson during the 2nd quarter valued at approximately $29,000. Hopwood Financial Services Inc. purchased a new position in shares of McKesson in the third quarter worth $31,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of McKesson during the third quarter worth $33,000. Finally, Delos Wealth Advisors LLC acquired a new stake in shares of McKesson during the second quarter worth $35,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen downgraded McKesson from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Leerink Partners reiterated an “outperform” rating and set a $1,085.00 price target on shares of McKesson in a research note on Thursday, March 5th. Mizuho increased their price objective on McKesson from $880.00 to $885.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Zacks Research cut McKesson from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings downgraded McKesson from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, February 5th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, McKesson has an average rating of “Moderate Buy” and an average price target of $960.93.

McKesson Price Performance

Shares of McKesson stock opened at $888.28 on Friday. The stock has a market cap of $108.80 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 1.45 and a beta of 0.38. The firm has a fifty day moving average price of $903.68 and a 200 day moving average price of $832.51. McKesson Corporation has a 1 year low of $637.00 and a 1 year high of $999.00.

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

McKesson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd. McKesson’s dividend payout ratio (DPR) is 9.43%.

Insider Activity

In other McKesson news, EVP Thomas L. Rodgers sold 276 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $816.18, for a total value of $225,265.68. Following the sale, the executive vice president owned 2,268 shares in the company, valued at approximately $1,851,096.24. This represents a 10.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Napoleon B. Rutledge, Jr. sold 328 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $955.00, for a total transaction of $313,240.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,868 shares of company stock valued at $3,743,820 over the last 90 days. Company insiders own 0.08% of the company’s stock.

McKesson 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.