First Personal Financial Services reduced its stake in shares of McKesson Co. (NYSE:MCK) by 17.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,007 shares of the company’s stock after selling 1,039 shares during the quarter. First Personal Financial Services’ holdings in McKesson were worth $781,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. WFG Advisors LP boosted its holdings in shares of McKesson by 5.0% during the second quarter. WFG Advisors LP now owns 859 shares of the company’s stock worth $141,000 after purchasing an additional 41 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in shares of McKesson during the third quarter worth approximately $155,000. CWH Capital Management Inc. acquired a new stake in shares of McKesson during the second quarter worth approximately $165,000. Community Financial Services Group LLC acquired a new stake in shares of McKesson during the fourth quarter worth approximately $204,000. Finally, Biltmore Wealth Management LLC acquired a new stake in shares of McKesson during the third quarter worth approximately $206,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Shares of McKesson Co. (MCK) opened at $175.20 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 0.61. The stock has a market cap of $36,520.00, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 1.74 and a beta of 1.23. McKesson Co. has a one year low of $133.82 and a one year high of $177.97.

McKesson (NYSE:MCK) last posted its earnings results on Thursday, October 26th. The company reported $3.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.50. The firm had revenue of $52.06 billion during the quarter, compared to analysts’ expectations of $51.69 billion. McKesson 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 previous year, the company earned $2.94 earnings per share. equities research analysts predict that McKesson Co. will post 12.28 EPS for the current fiscal year.

Several research firms recently commented on MCK. Mizuho set a $186.00 price target on shares of McKesson and gave the stock a “hold” rating in a report on Wednesday. Jefferies Group upgraded shares of McKesson from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a report on Wednesday. Needham & Company LLC raised their price target on shares of McKesson from $173.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird restated a “buy” rating and set a $200.00 price target on shares of McKesson in a report on Wednesday, January 17th. Finally, Evercore ISI began coverage on shares of McKesson in a report on Thursday, January 4th. They set an “outperform” rating and a $179.00 price target for the company. 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 currently has a consensus rating of “Hold” and a consensus target price of $178.68.

In other McKesson news, Chairman John H. Hammergren sold 65,000 shares of McKesson stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

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McKesson Profile

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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Institutional Ownership by Quarter for McKesson (NYSE:MCK)

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