McKesson Corporation (MCK) : Nebula Capital Management Lp has sold out all of its stake in McKesson Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 29,900 shares of McKesson Corporation which is valued at $5,834,686.
Other Hedge Funds, Including , Putnam Fl Investment Management Co boosted its stake in MCK in the latest quarter, The investment management firm added 5,796 additional shares and now holds a total of 72,955 shares of McKesson Corporation which is valued at $14,236,439. McKesson Corporation makes up approx 1.63% of Putnam Fl Investment Management Co’s portfolio. Lingohr Partner Asset Management Gmbh added MCK to its portfolio by purchasing 3,204 company shares during the most recent quarter which is valued at $629,810. McKesson Corporation makes up approx 0.61% of Lingohr Partner Asset Management Gmbh’s portfolio.Osborn Rohs Williams Donohoe Ltd reduced its stake in MCK by selling 149 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 15,338 shares of MCK which is valued at $2,957,013. McKesson Corporation makes up approx 0.57% of Osborn Rohs Williams Donohoe Ltd’s portfolio.
McKesson Corporation closed down -0.66 points or -0.34% at $194.48 with 9,32,368 shares getting traded on Thursday. Post opening the session at $194.64, the shares hit an intraday low of $193.5 and an intraday high of $195.35 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, McKesson Corporation reported $3.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $3.34. The company had revenue of $49733.00 million for the quarter, compared to analysts expectations of $50333.03 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.14 EPS.
Investors should note that on Jul 26, 2016, McKesson Corporation announced a cash dividend of $0.2800. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Oct 3, 2016.
Many Wall Street Analysts have commented on McKesson Corporation. Company shares were Reiterated by Mizuho on Jun 7, 2016 to “Neutral”, Firm has raised the Price Target to $ 174 from a previous price target of $164 .McKesson Corporation was Resumed by BofA/Merrill to “Neutral” on Jun 7, 2016. McKesson Corporation was Downgraded by Avondale to ” Mkt Perform” on May 5, 2016.
McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals medical supplies and healthcare information technology. The Company operates through two business 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. The Distribution Solutions segment provides pharmaceutical solutions for biotech and pharmaceutical manufacturers and practice management technology clinical support and business solutions to oncology and other specialty practices operating in the community setting. The Technology Solutions segment delivers clinical patient care financial supply chain and strategic management software solutions as well as connectivity outsourcing and other services including remote hosting and managed services to healthcare organizations.