McKesson Corporation $MCK Shares Bought by Fulton Bank N.A.

Fulton Bank N.A. lifted its stake in shares of McKesson Corporation (NYSE:MCK) by 12.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,054 shares of the company’s stock after purchasing an additional 679 shares during the quarter. Fulton Bank N.A.’s holdings in McKesson were worth $4,966,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. GGM Financials LLC acquired a new position in McKesson during the 3rd quarter valued at about $25,000. State of Wyoming acquired a new stake in shares of McKesson in the 2nd quarter worth approximately $29,000. Hopwood Financial Services Inc. acquired a new stake in shares of McKesson in the 3rd quarter worth approximately $31,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of McKesson in the third quarter valued at approximately $33,000. Finally, Board of the Pension Protection Fund bought a new position in shares of McKesson in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Morgan Stanley reissued an “overweight” rating and set a $966.00 target price on shares of McKesson in a report on Thursday, January 29th. Evercore reaffirmed an “outperform” rating on shares of McKesson in a research note on Thursday, March 5th. Weiss Ratings cut McKesson from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, February 5th. TD Cowen boosted their price objective on McKesson from $1,000.00 to $1,012.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen upgraded McKesson from a “hold” rating to a “buy” rating in a report on Sunday. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $960.93.

McKesson Trading Down 1.2%

Shares of MCK opened at $888.28 on Monday. The business’s 50-day moving average price is $903.68 and its 200 day moving average price is $834.50. The stock has a market capitalization of $108.81 billion, a P/E ratio of 25.55, a P/E/G ratio of 1.43 and a beta of 0.38. 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 data on Wednesday, February 4th. The company reported $9.34 EPS for the quarter, beating analysts’ consensus estimates of $9.19 by $0.15. McKesson had a net margin of 1.09% and a negative return on equity of 338.97%. The company had revenue of $106.16 billion during the quarter, compared to analyst estimates of $105.98 billion. During the same period in the prior year, the firm earned $8.03 earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. McKesson has set its FY 2026 guidance at 38.800-39.200 EPS. On average, research analysts predict that McKesson Corporation will post 32.77 earnings per share for the current year.

McKesson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be paid a $0.82 dividend. The ex-dividend date of this dividend is 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%.

Insider Transactions at McKesson

In other McKesson news, EVP Leann B. Smith sold 190 shares of McKesson stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $945.00, for a total transaction of $179,550.00. Following the transaction, the executive vice president directly owned 2,989 shares in the company, valued at approximately $2,824,605. The trade was a 5.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Napoleon B. Rutledge, Jr. sold 328 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $955.00, for a total transaction of $313,240.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 3,868 shares of company stock worth $3,743,820. 0.08% of the stock is currently owned by insiders.

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.