McKesson Co. (NYSE:MCK) Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. increased its stake in McKesson Co. (NYSE:MCK) by 5.8% during the first quarter, Holdings Channel reports. The institutional investor owned 7,924 shares of the company’s stock after buying an additional 431 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in McKesson were worth $928,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in McKesson by 2.3% in the fourth quarter. BlackRock Inc. now owns 15,773,706 shares of the company’s stock worth $1,742,522,000 after acquiring an additional 358,982 shares during the period. Oregon Public Employees Retirement Fund lifted its position in McKesson by 8,651.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,416,267 shares of the company’s stock valued at $76,000 after buying an additional 8,320,093 shares during the period. Massachusetts Financial Services Co. MA lifted its position in McKesson by 8.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,519,367 shares of the company’s stock valued at $609,725,000 after buying an additional 435,844 shares during the period. FMR LLC increased its holdings in shares of McKesson by 6.2% during the fourth quarter. FMR LLC now owns 4,366,193 shares of the company’s stock valued at $482,334,000 after acquiring an additional 253,731 shares in the last quarter. Finally, Pzena Investment Management LLC increased its holdings in shares of McKesson by 19.7% during the first quarter. Pzena Investment Management LLC now owns 3,683,196 shares of the company’s stock valued at $431,155,000 after acquiring an additional 606,781 shares in the last quarter. 87.38% of the stock is currently owned by institutional investors.

In other news, CEO Brian Scott Tyler sold 1,488 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $125.49, for a total transaction of $186,729.12. Following the transaction, the chief executive officer now owns 12,192 shares of the company’s stock, valued at approximately $1,529,974.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Britt J. Vitalone sold 832 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $129.17, for a total value of $107,469.44. The disclosure for this sale can be found here. Insiders have sold a total of 6,174 shares of company stock worth $804,583 over the last ninety days. Insiders own 0.87% of the company’s stock.

Several equities analysts have recently weighed in on MCK shares. ValuEngine downgraded McKesson from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. Zacks Investment Research downgraded McKesson from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, Wolfe Research assumed coverage on McKesson in a research note on Tuesday, April 2nd. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. McKesson currently has a consensus rating of “Hold” and an average price target of $132.39.

NYSE MCK opened at $134.84 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.58 and a current ratio of 1.02. McKesson Co. has a 12 month low of $106.11 and a 12 month high of $151.24. The company has a market capitalization of $25.61 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 1.35 and a beta of 1.08.

McKesson (NYSE:MCK) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $3.69 EPS for the quarter, topping the Zacks’ consensus estimate of $3.66 by $0.03. McKesson had a return on equity of 29.02% and a net margin of 0.02%. The company had revenue of $52.43 billion for the quarter, compared to analysts’ expectations of $53.14 billion. During the same period in the previous year, the firm earned $3.49 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts forecast that McKesson Co. will post 14.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a $0.39 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.56 dividend on an annualized basis and a yield of 1.16%. McKesson’s dividend payout ratio is presently 11.50%.

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McKesson Company Profile

McKesson Corporation provides pharmaceuticals and medical supplies in the United States and internationally. It operates in three segments: U.S. Pharmaceutical and Specialty Solutions, European Pharmaceutical Solutions, and Medical-Surgical Solutions. The company distributes branded, generic, specialty, biosimilar, and over-the-counter pharmaceutical drugs, as well as other healthcare-related products; and offers practice management, technology, clinical support, and business solutions to community-based oncology and other specialty practices.

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Institutional Ownership by Quarter for McKesson (NYSE:MCK)

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