Other institutional investors and hedge funds have also bought and sold shares of the company. Distillate Capital Partners LLC boosted its holdings in shares of McKesson by 127,542.9% during the second quarter. Wealthspire Advisors LLC boosted its stake in McKesson by 8.9% in the 2nd quarter. Councilmark Asset Management LLC acquired a new position in McKesson in the 1st quarter. Chase Investment Counsel Corp increased its position in McKesson by 50.8% during the 2nd quarter. Vaughan David Investments LLC IL acquired a new stake in shares of McKesson during the second quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.
Insider Activity at McKesson
In other McKesson news, CEO Brian S. Tyler sold 3,753 shares of the company’s stock in a transaction dated Monday, August 5th.
McKesson Stock Up 1.3 %
NYSE:MCK opened at $494.42 on Tuesday. McKesson Co. has a twelve month low of $431.35 and a twelve month high of $637.51.
McKesson Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st.
Analysts Set New Price Targets
Several research firms recently commented on MCK. Evercore ISI lowered their price target on shares of McKesson from $660.00 to $630.00. Robert W. Baird reaffirmed a “neutral” rating on McKesson. StockNews.com downgraded shares of McKesson from a “buy” rating to a “hold” rating. JPMorgan Chase & Co. increased their price target on McKesson from $656.00 to $661.00. Bank of America lifted their price objective on McKesson from $590.00 to $670.00. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $613.36.
Read Our Latest Analysis on McKesson
McKesson Company Profile
McKesson Corporation provides healthcare services in the United States and internationally. It operates through four segments: U.S. Pharmaceutical, Prescription Technology Solutions (RxTS), Medical-Surgical Solutions, and International.
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