Economy

Argyle Capital Management Inc. Increases Holdings in McKesson Corporation (MCK)

The New Mountain Vantage Advisers Llc holds 102,560 shares with $16.88M value, down from 167,307 last quarter. Argyle Capital Management Inc.'s holdings in McKesson Corporation were worth $2,922,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Regions reported 0.05% in McKesson Corporation (NYSE:MCK). Manning & Napier Limited Com owns 21,370 shares.

More important recent McKesson Corporation (NYSE:MCK) news were published by: Forbes.com which released: "The Intrinsic Value Of McKesson Corp" on October 18, 2017, also Businesswire.com published article titled: "McKesson Strengthens Its Portfolio of Manufacturer Solutions with the ...", Nasdaq.com published: "Earnings Reaction History: McKesson Corporation, 55.6% Follow-Through ..." on October 26, 2017. The company reported $2.94 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $3.05 by $0.11. Finally, Loews Corp purchased a new position in McKesson Corporation during the first quarter worth approximately $253,000.

In related news, SVP Erin M. Lampert sold 900 shares of the company's stock in a transaction that occurred on Thursday, September 7th. Texas Permanent School Fund has 59,258 shares for 0.13% of their portfolio. Bright Rock Cap Ltd Company owns 31,000 shares. Atwood Palmer reported 1,000 shares. State Treasurer State Of Michigan invested in 0.09% or 69,333 shares. Raymond James downgraded the shares of MCK in report on Tuesday, January 12 to "Mkt Perform" rating. 176.11 million shares or 4.62% less from 184.63 million shares in 2017Q1 were reported. Standpoint Research cut shares of McKesson Corp. from a "buy" rating to a "hold" rating in a report on Friday, November 11th.

The Leverage Ratio of McKesson Corporation (NYSE:MCK) is 0.136230.

Among 21 analysts covering McKesson Corporation (NYSE:MCK), 9 have Buy rating, 1 Sell and 11 Hold. Finally, Mizuho set a $168.00 price target on shares of McKesson Corporation and gave the company a "hold" rating in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. The firm earned "Buy" rating on Tuesday, October 27 by Mizuho.

WARNING: This piece of content was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. The correct version of this article can be read at https://stocknewstimes.com/2017/11/08/mckesson-corporation-mck-shares-bought-by-first-trust-advisors-lp.html. The Piotroski F-Score of McKesson Corporation (NYSE:MCK) is 5. The stock was sold at an average price of $155.65, for a total value of $140,085.00. The insider HAMMERGREN JOHN H sold 38,619 shares worth $6.32 million. The shares were sold at an average price of $153.53, for a total transaction of $15,353,000.00. About 1.68M shares traded. The stock has been active on the tape, now trading at $136.93, up from yesterday's close by 1.27%. Hoplite Capital Management Lp who had been investing in Sealed Air Corp New for a number of months, seems to be less bullish one the $8.51 billion market cap company. Each successive relative low is below the preceding day's low, and each successive relative high is below the preceding day's high. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 0.61. Moreover, Boyd Watterson Asset Management Lc Oh has 0.25% invested in McKesson Corporation (NYSE:MCK). The company reported $3.28 earnings per share for the quarter, beating the Zacks' consensus estimate of $2.78 by $0.50. McKesson Corporation had a return on equity of 24.87% and a net margin of 2.24%. However, -10.63% over the last one month, -14.02% for the last quarter and year to date performance stands at -3.73%. 394,028 shares of the company were exchanged, compared to its average volume of 2,506,630.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 2nd. Investors of record on Friday, December 1st will be given a dividend of $0.34 per share. The rating was downgraded by Macquarie Research to "Neutral" on Tuesday, November 10. This represents a $1.36 dividend on an annualized basis and a yield of 0.97%. McKesson Corporation's dividend payout ratio (DPR) is presently 6.45%.

McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The Firm operates through two divisions: McKesson Distribution Solutions and Technology Solutions.



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