Economy

Accident Compensation Corp Has $757000 Stake in McKesson Corporation (NYSE:MCK)

Legacy Private Trust Communications invested 0.17% of its portfolio in McKesson Corporation (NYSE:MCK). The company had revenue of $51.05 billion during the quarter, compared to analysts' expectations of $51.22 billion. The company's net profit margin has achieved the current level of 2.4 percent and possesses 5.5 percent gross margin.

As of late the company also announced dividend for the quarter, expected to be paid on early Mon, Oct 2nd. During the same period in the prior year, the business posted $3.50 EPS.

ILLEGAL ACTIVITY WARNING: This report was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. "Trims Position in McKesson Corporation (NYSE:MCK)" was first reported by TrueBlueTribune and is owned by of TrueBlueTribune.

A number of other analysts also recently weighed in on MCK. They set a "sector perform" rating and a $168.00 price objective on the stock. UBS AG reiterated a "neutral" rating and issued a $166.00 price target (up from $156.00) on shares of McKesson Corporation in a report on Monday, June 26th. Barclays PLC set a $187.00 price target on shares of McKesson Corporation and gave the stock a "buy" rating in a research report on Sunday, June 4th. Finally, Zacks Investment Research raised shares of McKesson Corporation from a "sell" rating to a "hold" rating in a report on Tuesday, May 23rd. Analysts have a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Legal General Gp Public Limited Liability Company has invested 0.18% in McKesson Corporation (NYSE:MCK). The Pennsylvania-based Valley National Advisers Inc has invested 0% in McKesson Corporation (NYSE:MCK). McKesson Corporation has a 52 week low of $114.53 and a 52 week high of $169.29. The stock has a 50 day moving average of $151.41 and a 200 day moving average of $153.02.

Currently, the stock carries a price to earnings ratio of 16.17, a price to book ratio of 1.31, and a price to sales ratio of 5.22.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be issued a $0.34 dividend. This is an increase from McKesson Corporation's previous quarterly dividend of $0.28.

The stock increased 1.71% or $0.89 during the last trading session, reaching $53.05. The stock has "Buy" rating by Jefferies on Wednesday, August 9. This is a boost from McKesson Corporation's previous quarterly dividend of $0.28.

In other McKesson Corporation news, Director Marie L/Ca Knowles sold 1,083 shares of McKesson Corporation stock in a transaction dated Monday, July 31st. The stock tapped a 52-week high of US$45.62 while the mean 12-month price target for the shares is US$45.44.

Separately, Senior Vice President Erin M. Lampert unloaded 900 stocks of the company's shares in a trade that took place on Thurs, Sep 7th. The shares were 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. Tarbox Family Office Inc invested in 40 shares or 0% of the stock. Pictet & Cie Europe SA grew its holdings in McKesson Corporation by 30.0% in the second quarter. First Interstate Bank sold 1,881 shares as Mckesson Corp (MCK)'s stock rose 1.84%. McKesson Corporation (NYSE:MCK), at its latest closing price of $154.01, it has a price-to-book ratio of 0.00, compared to an industry average at 0.67. During last 3 month period, -1.27% of total institutional ownership has changed in the company shares.

Hennessy Advisors Inc. lessened its holdings in McKesson Corporation (NYSE:MCK) by 7.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission.

McKesson Corporation (NYSE:MCK) now has a Montier C-score of 1. Tompkins Financial Corp now owns 785 shares of the company's stock worth $129,000 after acquiring an additional 18 shares during the period. Riverhead Capital Management LLC's holdings in McKesson Corporation were worth $6,233,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 85.28% of the company's stock. The Firm operates through three divisions: Fleet Management Solutions, which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to clients principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.



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