Brown Advisory Securities LLC lessened its holdings in McKesson Co. (NYSE:MCK) by 24.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,667 shares of the company’s stock after selling 525 shares during the quarter. Brown Advisory Securities LLC’s holdings in McKesson were worth $259,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Synovus Financial Corp lifted its position in shares of McKesson by 62.8% in the third quarter. Synovus Financial Corp now owns 5,803 shares of the company’s stock worth $890,000 after purchasing an additional 2,238 shares in the last quarter. Markel Corp lifted its position in shares of McKesson by 72.8% in the third quarter. Markel Corp now owns 26,100 shares of the company’s stock worth $4,009,000 after purchasing an additional 11,000 shares in the last quarter. IFM Investors Pty Ltd bought a new stake in shares of McKesson in the third quarter worth $914,000. Swiss National Bank lifted its position in shares of McKesson by 0.5% in the third quarter. Swiss National Bank now owns 777,991 shares of the company’s stock worth $119,507,000 after purchasing an additional 3,800 shares in the last quarter. Finally, HL Financial Services LLC lifted its position in shares of McKesson by 14.5% in the third quarter. HL Financial Services LLC now owns 7,478 shares of the company’s stock worth $1,149,000 after purchasing an additional 945 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.
In other McKesson news, Chairman John H. Hammergren sold 65,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $160.00, for a total value of $10,400,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by insiders.
McKesson Co. (MCK) opened at $150.09 on Friday. McKesson Co. has a fifty-two week low of $133.82 and a fifty-two week high of $178.86. The company has a market cap of $31,290.00, a price-to-earnings ratio of 7.22, a price-to-earnings-growth ratio of 1.35 and a beta of 1.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 0.61.
McKesson (NYSE:MCK) last released its quarterly earnings data on Thursday, February 1st. The company reported $3.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.92 by $0.49. McKesson had a net margin of 2.34% and a return on equity of 22.98%. The firm had revenue of $53.62 billion for the quarter, compared to the consensus estimate of $51.98 billion. During the same period in the previous year, the company earned $3.04 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. equities research analysts predict that McKesson Co. will post 12.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 1st will be issued a $0.34 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $1.36 annualized dividend and a dividend yield of 0.91%. McKesson’s dividend payout ratio is currently 6.54%.
COPYRIGHT VIOLATION WARNING: This story was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.chaffeybreeze.com/2018/02/23/brown-advisory-securities-llc-cuts-stake-in-mckesson-co-mck.html.
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.
Want to see what other hedge funds are holding MCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McKesson Co. (NYSE:MCK).
Receive News & Ratings for McKesson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McKesson and related companies with MarketBeat.com's FREE daily email newsletter.