McKesson Corporation (MCK) : Seaward Management Limited Partnership scooped up 92 additional shares in McKesson Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 109,702 shares of McKesson Corporation which is valued at $21,602,518.McKesson Corporation makes up approximately 1.14% of Seaward Management Limited Partnership’s portfolio.
Other Hedge Funds, Including , Newsquare Capital sold out all of its stake in MCK during the most recent quarter. The investment firm sold 200 shares of MCK which is valued $39,384.Legacy Private Trust reduced its stake in MCK by selling 2,802 shares or 9.61% in the most recent quarter. The Hedge Fund company now holds 26,365 shares of MCK which is valued at $5,212,361. McKesson Corporation makes up approx 0.74% of Legacy Private Trust’s portfolio.West Oak Capital reduced its stake in MCK by selling 60 shares or 2.88% in the most recent quarter. The Hedge Fund company now holds 2,025 shares of MCK which is valued at $390,400. McKesson Corporation makes up approx 0.28% of West Oak Capital’s portfolio.Centurylink Investment Management Co reduced its stake in MCK by selling 2,884 shares or 84.2% in the most recent quarter. The Hedge Fund company now holds 541 shares of MCK which is valued at $104,299. McKesson Corporation makes up approx 0.04% of Centurylink Investment Management Co’s portfolio.
McKesson Corporation opened for trading at $192.79 and hit $195.13 on the upside on Friday, eventually ending the session at $194.56, with a gain of 0.58% or 1.12 points. The heightened volatility saw the trading volume jump to 14,40,093 shares. Company has a market cap of $43,913 M.
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.