Rational Advisors LLC bought a new position in McKesson Corporation (NYSE:MCK) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,600 shares of the company’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Matthew Goff Investment Advisor LLC grew its stake in shares of McKesson Corporation by 23.2% in the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 7,286 shares of the company’s stock worth $1,119,000 after acquiring an additional 1,372 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of McKesson Corporation by 0.7% in the 3rd quarter. Macquarie Group Ltd. now owns 54,729 shares of the company’s stock worth $8,406,000 after acquiring an additional 380 shares in the last quarter. Banque Pictet & Cie SA grew its stake in shares of McKesson Corporation by 4.3% in the 3rd quarter. Banque Pictet & Cie SA now owns 45,632 shares of the company’s stock worth $7,010,000 after acquiring an additional 1,895 shares in the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in shares of McKesson Corporation by 2.2% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 30,156 shares of the company’s stock worth $4,632,000 after acquiring an additional 637 shares in the last quarter. Finally, Commonwealth Equity Services Inc grew its stake in shares of McKesson Corporation by 3.0% in the 3rd quarter. Commonwealth Equity Services Inc now owns 37,523 shares of the company’s stock worth $5,764,000 after acquiring an additional 1,081 shares in the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

McKesson Corporation (NYSE:MCK) traded up $3.54 during midday trading on Tuesday, reaching $141.78. 637,299 shares of the company’s stock traded hands, compared to its average volume of 1,860,112. The stock has a market capitalization of $29,630.00, a P/E ratio of 11.69, a PEG ratio of 1.46 and a beta of 1.21. McKesson Corporation has a 1-year low of $133.82 and a 1-year high of $169.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.05.

McKesson Corporation (NYSE:MCK) last released its quarterly earnings data on Thursday, October 26th. The company reported $3.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.78 by $0.50. The business had revenue of $52.06 billion for the quarter, compared to the consensus estimate of $51.69 billion. McKesson Corporation had a net margin of 2.24% and a return on equity of 24.87%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.94 earnings per share. equities research analysts expect that McKesson Corporation will post 12.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 30th. McKesson Corporation’s dividend payout ratio (DPR) is presently 6.44%.

Several analysts have recently issued reports on MCK shares. Jefferies Group LLC upgraded shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $153.00 target price for the company in a research note on Thursday, July 27th. BidaskClub lowered shares of McKesson Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. TheStreet lowered shares of McKesson Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 25th. Needham & Company LLC upgraded shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a research note on Friday, September 8th. Finally, Morgan Stanley lowered shares of McKesson Corporation from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $184.00 to $172.00 in a research note on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $174.27.

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In other news, CEO John H. Hammergren sold 100,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $153.51, for a total transaction of $15,351,000.00. Following the sale, the chief executive officer now directly owns 165,000 shares in the company, valued at $25,329,150. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman John H. Hammergren sold 225,000 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $151.67, for a total value of $34,125,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 949,900 shares of company stock worth $145,403,445. Insiders own 1.20% of the company’s stock.

McKesson Corporation Profile

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.

Institutional Ownership by Quarter for McKesson Corporation (NYSE:MCK)

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