McKesson Co. (NYSE:MCK) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC lessened its stake in shares of McKesson Co. (NYSE:MCK - Free Report) by 6.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,324 shares of the company's stock after selling 942 shares during the period. Advisory Services Network LLC's holdings in McKesson were worth $7,594,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Millstone Evans Group LLC purchased a new stake in shares of McKesson in the fourth quarter worth approximately $28,000. Synergy Asset Management LLC purchased a new stake in McKesson in the 4th quarter valued at $32,000. Crews Bank & Trust purchased a new position in McKesson during the 4th quarter worth $33,000. Atala Financial Inc bought a new stake in shares of McKesson in the 4th quarter worth $34,000. Finally, Graney & King LLC purchased a new stake in shares of McKesson in the fourth quarter valued at about $38,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

McKesson Stock Down 0.1 %

NYSE MCK traded down $0.57 on Monday, reaching $688.79. The company had a trading volume of 289,870 shares, compared to its average volume of 922,956. The stock has a market capitalization of $86.32 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 1.29 and a beta of 0.49. McKesson Co. has a 12 month low of $464.42 and a 12 month high of $728.32. The firm's 50 day moving average price is $642.70 and its 200 day moving average price is $593.86.

McKesson (NYSE:MCK - Get Free Report) last released its quarterly earnings data 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 net margin of 0.82% and a negative return on equity of 181.26%. On average, research analysts expect that McKesson Co. will post 32.77 EPS for the current year.

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McKesson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, March 3rd. McKesson's payout ratio is 13.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MCK shares. Citigroup reduced their target price on McKesson from $713.00 to $677.00 and set a "buy" rating for the company in a report on Friday, January 10th. StockNews.com downgraded shares of McKesson from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th. Wells Fargo & Company lifted their price objective on shares of McKesson from $641.00 to $691.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. Mizuho increased their target price on shares of McKesson from $630.00 to $690.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Finally, Bank of America upped their price objective on McKesson from $665.00 to $755.00 and gave the company a "buy" rating in a research note on Friday. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $668.50.

Insider Transactions at McKesson

In related news, EVP Leann B. Smith sold 188 shares of the firm'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 completion of the transaction, the executive vice president now owns 1,051 shares of the company's stock, valued at $640,679.09. This trade represents a 15.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian S. Tyler sold 8,961 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $600.66, for a total value of $5,382,514.26. Following the completion of the transaction, the chief executive officer now directly owns 69,625 shares of the company's stock, valued at $41,820,952.50. The trade was a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,110 shares of company stock worth $10,855,706. Company insiders own 0.11% of the company's stock.

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.