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Saturday, December 2, 2023

Mckesson Corporation (NYSE: MCK) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

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. After-hours trades for Mckesson Corporation (MCK) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$14.59, or -3.17%, to $445.00. The Mckesson Corporation has recorded 31,668 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that McKesson Corporation Reports Fiscal 2024 Second Quarter Results and Raises Full Year Guidance.

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Stocks Info

The company is listed on the NYSE and operates within the Medical Distribution industry segment. At the end of the last regular session, the stock closed at $459.59 and fluctuated between $465.14 as its day high and $453.55 as its day low. The current market capitalization of Mckesson Corporation is $62.00B. A total of 1.32 million shares were traded on the day, compared to an average of 765.07K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, MCK has seen 1 BUY and 10 SELL insider trades, representing the acquisition of 3,471 and the disposition of 36,593 shares. Over the last 12 months, there were 41 BUYs and 79 SELLs from insiders. Insiders purchased 229,411 shares during that period but sold 264,704.

In the most recent transaction, TYLER BRIAN S. sold 10,521 shares of MCK for 460.00 per share on Oct 12. After the transaction, the Chief Executive Officer now owns 67,408 company shares. In a previous transaction on Oct 09, TYLER BRIAN S. sold 3,471 shares at 450.00 per share. MCK shares that Chief Executive Officer owns now total 67,408.

Among the insiders who sold shares, TYLER BRIAN S. disposed of 25,246 shares on Oct 06 at a per-share price of $446.86. This resulted in the Chief Executive Officer holding 67,408 shares of MCK after the transaction. In another insider transaction, TYLER BRIAN S. sold 25,246 shares at $422.58 per share on Sep 08. Company shares held by the Chief Executive Officer now total 92,654.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Mckesson Corporation pays an annual dividend of $2.36, resulting in a dividend yield of 0.51%, and it has a price to earnings (P/E) ratio of 17.15. MCK’s most recent ex-dividend date was 11/30/2023 when it declared a $0.62 quarterly dividend that was paid in cash on 1/2/2024. Previously, the company paid the dividend on 10/2/2023 with an ex-dividend date of 8/31/2023. The MCK stock dividend was $0.62 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for MCK in the last 3 months, the mean price target is $488.46 with high estimates of $525.00 and low estimates of $427.00. In terms of 52-week highs and lows, MCK has a high of $465.90 and a low of $331.75.

As of this writing, MCK has an earnings estimate of $6.13 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

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 -$11.87, while its Total Shareholder’s Equity was -$1.79B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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