Sompo Japan Nipponkoa Asset Management CO. LTD. acquired a new position in McKesson Corporation (NYSE:MCK) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 40,550 shares of the company’s stock, valued at approximately $6,229,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors purchased a new position in McKesson during the second quarter valued at $107,000. Harvest Fund Management Co. Ltd purchased a new position in McKesson during the second quarter valued at $125,000. WFG Advisors LP grew its stake in McKesson by 5.0% during the second quarter. WFG Advisors LP now owns 859 shares of the company’s stock valued at $141,000 after acquiring an additional 41 shares in the last quarter. Atwood & Palmer Inc. purchased a new position in McKesson during the second quarter valued at $165,000. Finally, CWH Capital Management Inc. purchased a new position in McKesson during the second quarter valued at $165,000. 88.10% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO John H. Hammergren sold 100,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $153.51, for a total value of $15,351,000.00. Following the completion of the sale, the chief executive officer now owns 165,000 shares in the company, valued at approximately $25,329,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Erin M. Lampert sold 900 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $155.65, for a total transaction of $140,085.00. The disclosure for this sale can be found here. Insiders sold a total of 949,900 shares of company stock valued at $145,403,445 in the last 90 days. Company insiders own 1.20% of the company’s stock.
McKesson Corporation (NYSE:MCK) traded down $1.35 during trading on Monday, hitting $146.39. 2,560,700 shares of the stock traded hands, compared to its average volume of 1,880,070. The company has a market cap of $30,518.58, a price-to-earnings ratio of 12.04, a PEG ratio of 1.50 and a beta of 1.23. The company has a quick ratio of 0.61, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. McKesson Corporation has a 12-month low of $133.82 and a 12-month high of $169.29.
McKesson (NYSE:MCK) last released its earnings results on Thursday, October 26th. The company reported $3.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.50. The firm had revenue of $52.06 billion during the quarter, compared to analyst estimates of $51.69 billion. McKesson had a net margin of 2.24% and a return on equity of 24.87%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $2.94 EPS. equities analysts forecast that McKesson Corporation will post 12.16 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be issued a $0.34 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.36 annualized dividend and a dividend yield of 0.93%. McKesson’s dividend payout ratio (DPR) is presently 6.45%.
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McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The Company operates through two segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally.
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