Financial Sense Advisors Inc. decreased its holdings in shares of McKesson Co. (NYSE:MCK) by 39.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,153 shares of the company’s stock after selling 8,462 shares during the period. McKesson makes up approximately 0.9% of Financial Sense Advisors Inc.’s holdings, making the stock its 20th largest position. Financial Sense Advisors Inc.’s holdings in McKesson were worth $2,051,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in MCK. Boston Partners boosted its stake in shares of McKesson by 61.5% during the fourth quarter. Boston Partners now owns 1,815,132 shares of the company’s stock worth $283,070,000 after buying an additional 691,476 shares during the period. Baupost Group LLC MA acquired a new stake in McKesson in the third quarter valued at about $76,805,000. Schroder Investment Management Group lifted its position in McKesson by 80.1% in the fourth quarter. Schroder Investment Management Group now owns 822,506 shares of the company’s stock valued at $128,270,000 after purchasing an additional 365,699 shares during the period. Pzena Investment Management LLC lifted its position in McKesson by 17.2% in the third quarter. Pzena Investment Management LLC now owns 2,458,531 shares of the company’s stock valued at $377,655,000 after purchasing an additional 360,676 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in McKesson by 51.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,017,320 shares of the company’s stock valued at $156,273,000 after purchasing an additional 345,865 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.
Shares of McKesson Co. (MCK) opened at $150.50 on Tuesday. McKesson Co. has a 12-month low of $133.82 and a 12-month high of $178.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.61 and a current ratio of 1.07. The stock has a market cap of $31,054.06, a P/E ratio of 12.00, a PEG ratio of 1.37 and a beta of 1.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.90%. McKesson’s dividend payout ratio (DPR) is 6.03%.
In other news, Chairman John H. Hammergren sold 65,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $160.00, for a total transaction of $10,400,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.
A number of brokerages recently commented on MCK. Needham & Company LLC raised their price objective on shares of McKesson from $173.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Robert W. Baird restated a “buy” rating and issued a $200.00 price objective on shares of McKesson in a research report on Wednesday, January 17th. Jefferies Group upgraded shares of McKesson from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Wednesday, January 24th. Mizuho set a $186.00 price objective on shares of McKesson and gave the company a “hold” rating in a research report on Wednesday, January 24th. Finally, Zacks Investment Research upgraded shares of McKesson from a “hold” rating to a “buy” rating and set a $189.00 price objective for the company in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. McKesson has an average rating of “Hold” and a consensus target price of $177.50.
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McKesson Corporation is a healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology company. The Company provides medicines, medical products and healthcare services by partnering with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare.
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