Ontario Teachers Pension Plan Board Acquires Shares of 1,125 McKesson Co. (NYSE:MCK)

Ontario Teachers Pension Plan Board acquired a new stake in McKesson Co. (NYSE:MCK - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,125 shares of the company's stock, valued at approximately $641,000.

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

McKesson Trading Up 1.6 %

MCK traded up $10.92 during trading on Tuesday, hitting $693.41. 153,579 shares of the company traded hands, compared to its average volume of 920,777. McKesson Co. has a 1 year low of $464.42 and a 1 year high of $728.32. The stock's 50-day simple moving average is $653.64 and its two-hundred day simple moving average is $602.38. The company has a market cap of $86.90 billion, a PE ratio of 31.70, a P/E/G ratio of 1.29 and a beta of 0.49.

McKesson (NYSE:MCK - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $8.03 earnings per share for the quarter, missing analysts' consensus estimates of $8.60 by ($0.57). McKesson had a net margin of 0.82% and a negative return on equity of 181.26%. Equities analysts expect that McKesson Co. will post 32.77 EPS for the current year.

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 of this dividend was Monday, March 3rd. McKesson's payout ratio is 13.00%.

Analyst Ratings Changes

MCK has been the subject of several analyst reports. Bank of America increased their price target on shares of McKesson from $665.00 to $755.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Morgan Stanley increased their price target on shares of McKesson from $642.00 to $745.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Citigroup reduced their price target on McKesson from $713.00 to $677.00 and set a "buy" rating for the company in a report on Friday, January 10th. Wells Fargo & Company raised their price target on shares of McKesson from $641.00 to $691.00 and gave the company an "equal weight" rating in a research report on Friday, March 14th. Finally, Mizuho lifted their price objective on McKesson from $630.00 to $690.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, McKesson currently has a consensus rating of "Moderate Buy" and an average price target of $668.50.

Insider Buying and Selling at McKesson

In related news, CEO Brian S. Tyler sold 8,961 shares of the business's stock in a transaction 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 in the company, valued at $41,820,952.50. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Leann B. Smith sold 188 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $609.59, for a total value of $114,602.92. Following the transaction, the executive vice president now owns 1,051 shares in the company, valued at $640,679.09. This represents a 15.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,110 shares of company stock worth $10,855,706 over the last quarter. 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.