Nomura Holdings Inc. Buys Shares of 21,458 McKesson Corporation (MCK)

Nomura Holdings Inc. bought a new position in McKesson Corporation (NYSE:MCK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,458 shares of the company’s stock, valued at approximately $3,531,000.

Other hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in shares of McKesson Corporation by 12.7% in the second quarter. Wells Fargo & Company MN now owns 2,121,171 shares of the company’s stock worth $349,017,000 after buying an additional 239,358 shares during the last quarter. Loews Corp acquired a new stake in shares of McKesson Corporation in the first quarter worth $253,000. Dai Ichi Life Insurance Company Ltd lifted its stake in shares of McKesson Corporation by 194.3% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 29,462 shares of the company’s stock worth $4,848,000 after buying an additional 19,450 shares during the last quarter. Pictet & Cie Europe SA lifted its stake in shares of McKesson Corporation by 30.0% in the second quarter. Pictet & Cie Europe SA now owns 6,542 shares of the company’s stock worth $1,076,000 after buying an additional 1,510 shares during the last quarter. Finally, HealthInvest Partners AB lifted its stake in shares of McKesson Corporation by 23.7% in the second quarter. HealthInvest Partners AB now owns 63,100 shares of the company’s stock worth $10,382,000 after buying an additional 12,100 shares during the last quarter. 85.19% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This report was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.themarketsdaily.com/2017/10/13/nomura-holdings-inc-buys-shares-of-21458-mckesson-corporation-mck.html.

In other McKesson Corporation news, CEO John H. Hammergren sold 99,000 shares of McKesson Corporation stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $153.89, for a total value of $15,235,110.00. Following the transaction, the chief executive officer now owns 165,000 shares in the company, valued at $25,391,850. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Marie L/Ca Knowles sold 1,083 shares of McKesson Corporation stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $162.55, for a total value of $176,041.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 952,066 shares of company stock worth $145,736,987. Company insiders own 1.20% of the company’s stock.

McKesson Corporation (NYSE MCK) traded down 2.8099% during midday trading on Friday, hitting $146.4363. 789,687 shares of the stock traded hands. The stock has a market capitalization of $30.79 billion, a PE ratio of 6.6438 and a beta of 1.17. The firm’s 50 day moving average is $151.86 and its 200-day moving average is $153.56. McKesson Corporation has a 12-month low of $114.53 and a 12-month high of $169.29.

McKesson Corporation (NYSE:MCK) last released its earnings results on Thursday, July 27th. The company reported $2.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.81 by ($0.35). McKesson Corporation had a net margin of 2.42% and a return on equity of 25.76%. The business had revenue of $51.05 billion during the quarter, compared to the consensus estimate of $51.22 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, analysts anticipate that McKesson Corporation will post $12.07 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 1st were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Wednesday, August 30th. This is a boost from McKesson Corporation’s previous quarterly dividend of $0.28. McKesson Corporation’s payout ratio is currently 6.07%.

A number of brokerages have recently weighed in on MCK. UBS AG restated a “neutral” rating and issued a $166.00 price objective (up from $156.00) on shares of McKesson Corporation in a research note on Monday, June 26th. Vetr cut shares of McKesson Corporation from a “strong-buy” rating to a “buy” rating and set a $187.51 price objective for the company. in a research note on Monday, July 17th. Robert W. Baird upgraded shares of McKesson Corporation from a “neutral” rating to an “outperform” rating and upped their target price for the company from $175.00 to $178.00 in a research note on Tuesday, September 19th. Jefferies Group LLC set a $165.00 target price on shares of McKesson Corporation and gave the company a “hold” rating in a research note on Tuesday, August 29th. Finally, Leerink Swann upped their target price on shares of McKesson Corporation to $170.00 and gave the company a “market perform” rating in a research note on Thursday, June 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. McKesson Corporation presently has an average rating of “Hold” and a consensus target price of $172.45.

McKesson Corporation Company 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.

Want to see what other hedge funds are holding MCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McKesson Corporation (NYSE:MCK).

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

Receive News & Ratings for McKesson Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McKesson Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply