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Friday, September 29, 2023

Is McKesson Corporation (NYSE: MCK) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for McKesson Corporation (MCK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.78, or 0.19%, to $421.56. The McKesson Corporation has recorded 23,477 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Genpact Extends Relationship to Transform McKesson’s Finance Operations for Enhanced Service and Competitive Growth.

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Stocks Info

This NYSE-listed company operates within the Medical Distribution industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $420.78 and fluctuated between $425.49 as its day high and $418.07 as its day low. The current market capitalization of McKesson Corporation is $56.47B. A total of 0.86 million shares were traded on the day, compared to an average of 778.22K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MCK has seen 6 BUY and 4 SELL insider trades, representing the acquisition of 8,681 and the disposition of 14,818 shares. Over the last 12 months, there were 41 BUYs and 73 SELLs from insiders. Insiders purchased 228,269 shares during that period but sold 241,050.

In the most recent transaction, TYLER BRIAN S. sold 3,938 shares of MCK for 407.00 per share on Sep 06. After the transaction, the Chief Executive Officer now owns 117,900 company shares. In a previous transaction on Aug 11, TYLER BRIAN S. sold 3,471 shares at 440.00 per share. MCK shares that Chief Executive Officer owns now total 121,838.

Among the insiders who sold shares, TYLER BRIAN S. disposed of 3,938 shares on Aug 03 at a per-share price of $422.60. This resulted in the Chief Executive Officer holding 121,838 shares of MCK after the transaction. In another insider transaction, TYLER BRIAN S. sold 3,938 shares at $419.01 per share on Jul 06. Company shares held by the Chief Executive Officer now total 125,776.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. McKesson Corporation pays an annual dividend of $2.48, resulting in a dividend yield of 0.59%, and it has a price to earnings (P/E) ratio of 15.68. MCK’s most recent ex-dividend date was 8/31/2023 when it declared a $0.62 quarterly dividend that was paid in cash on 10/2/2023. Previously, the company paid the dividend on 7/3/2023 with an ex-dividend date of 5/31/2023. The MCK stock dividend was $0.54 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for MCK in the last 3 months, the mean price target is $478.50 with high estimates of $510.00 and low estimates of $427.00. In terms of 52-week highs and lows, MCK has a high of $441.00 and a low of $331.75.

As of this writing, MCK has an earnings estimate of $6.12 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $6.26 per share and a lower estimate of $5.96. The company reported an EPS of $7.19 in the last quarter, which was 0.30% higher than expectations of $7.17.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. MCK’s latest balance sheet shows that the firm has $3.53B in Cash & Short Term Investments as of fiscal 2022. There were $7.54B in debt and $48.47B in liabilities at the time. Its Book Value Per Share was -$11.74, while its Total Shareholder’s Equity was -$1.79B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MCK is Buy with a score of 4.62.

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