McKesson Corporation

(New York Stock Exchange)
Back to all articles
Slightly Bullish +25

AdvisorShares Investments LLC Sells 782 Shares of McKesson Corporation $MCK

AI-generated analysis

πŸ“‰ AdvisorShares Investments LLC cut its McKesson holdings by 8.4% to 8,520 shares valued at $7.37 million during the first quarter.

πŸ“ˆ Walter Public Investments Inc. increased its stake by 118.2%, purchasing an additional 9,417 shares worth over $15 million.

πŸ’° McKesson reported Q1 EPS of $11.69, beating analyst estimates of $11.56 despite revenue missing consensus expectations.

πŸ“‰ CEO Brian S. Tyler sold 8,463 shares for approximately $6.56 million in a pre-arranged transaction on June 17th.

πŸ“‰ CAO Napoleon B. Rutledge, Jr. sold 133 shares for $101,612 on June 5th under a Rule 10b5-1 trading plan.

πŸ’Έ Total insider selling over the last ninety days reached 20,285 shares valued at $15.5 million.

πŸ“Š The company provided FY 2027 guidance ranging between $43.80 and $44.60 per share in earnings.

πŸ’΅ McKesson paid a quarterly dividend of $0.82 per share on July 1st with an annualized yield of 0.4%.

πŸ“‰ Wall Street Zen downgraded the stock from 'buy' to 'hold' on June 27th.

πŸ“‰ JPMorgan Chase lowered its price target from $1,107.00 to $1,015.00 while maintaining an overweight rating.

πŸ“ˆ UBS Group raised its price target to $1,050.00 and reaffirmed a 'buy' rating on May 8th.

🏒 Institutional investors collectively own 85.07% of McKesson Corporation's outstanding stock.

Bullish Signals
  • McKesson beat quarterly earnings per share estimates with $11.69 reported against a consensus of $11.56.
  • Revenue grew by 6.0% year-over-year to reach $96.30 billion during the quarter.
  • Walter Public Investments Inc. significantly increased its position by acquiring 9,417 additional shares.
  • Astoria Portfolio Advisors boosted its stake in McKesson by 5.8% in the first quarter.
  • Kepler Cheuvreux Suisse SA and Northstar Group Inc. initiated new stakes worth $2.2 million and $208,000 respectively.
  • The company maintains a forward guidance range of $43.80 to $44.60 EPS for fiscal 2027.
  • UBS Group raised its price target to $1,050.00 and issued a 'buy' rating on the stock.
Risk Factors
  • McKesson's Q1 revenue of $96.30 billion missed analyst consensus estimates of $101.35 billion.
  • CEO Brian S. Tyler sold 8,463 shares worth approximately $6.56 million in a single transaction.
  • Insiders have collectively sold over 20,000 shares worth more than $15.5 million over the last ninety days.
  • Wall Street Zen downgraded the stock from 'buy' to 'hold' on June 27th.
  • JPMorgan Chase lowered its price target from $1,107.00 to $1,015.00 in a recent research note.
  • Citigroup reduced its price target on McKesson from $975.00 to $945.00.
Full Analysis
AdvisorShares Investments LLC reduced its position in McKesson Corporation (NYSE: MCK) by 8.4% in the first quarter, selling 782 shares to hold a remaining stake of 8,520 shares valued at $7.37 million. While AdvisorShares decreased its exposure, other institutional investors like Walter Public Investments Inc. significantly increased their stakes, with Walter adding 9,417 shares and Astoria Portfolio Advisors boosting holdings by 5.8%. These filings highlight a mixed sentiment among hedge funds regarding the healthcare distributor's stock. McKesson reported quarterly earnings on May 7th that beat analyst expectations for EPS at $11.69 versus a consensus of $11.56, though revenue of $96.30 billion missed estimates by nearly $5 billion. The company achieved a 6.0% year-over-year revenue increase and maintains a forward guidance range of $43.80 to $44.60 EPS for fiscal 2027. Analysts currently project an average consensus target price of $960.53, with the stock trading at a yield of 0.4% following its recent dividend payment. Insider trading activity shows significant selling pressure from top executives in June. CEO Brian S. Tyler sold 8,463 shares worth approximately $6.56 million under a pre-arranged Rule 10b5-1 plan, while CAO Napoleon B. Rutledge, Jr. sold 133 shares for about $101,612. Over the last ninety days, insiders have collectively sold over 20,000 shares worth more than $15.5 million, representing a notable reduction in direct ownership by company leadership.