Here are the top Institutional holders of Mckesson Corporation (MCK) shares

Mckesson Corporation (NYSE: MCK) is 6.75% higher on its value in year-to-date trading and has touched a low of $331.75 and a high of $519.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MCK stock was last observed hovering at around $516.98 in the last trading session, with the day’s loss setting it -22.75%.

Currently trading at $494.23, the stock is 0.32% and 4.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.29 million and changing -4.40% at the moment leaves the stock 14.07% off its SMA200. MCK registered 35.92% gain for a year compared to 6-month gain of 15.38%. The firm has a 50-day simple moving average (SMA 50) of $0.23 and a 200-day simple moving average (SMA200) of $15.86.

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The stock witnessed a 2.74% loss in the last 1 month and extending the period to 3 months gives it a 7.90%, and is -1.52% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.37% over the week and 1.75% over the month.

Mckesson Corporation (MCK) has around 51000 employees, a market worth around $65.76B and $301.51B in sales. Current P/E ratio is 22.40 and Fwd P/E is 16.01. Profit margin for the company is 0.99%. Distance from 52-week low is 48.98% and -4.91% from its 52-week high. The company has generated returns on investments over the last 12 months (60.04%).

Mckesson Corporation quarterly earnings per share for the current quarter are estimated at $6.77 with sales reaching $75.91B over the same period.The EPS is expected to grow by 6.10% this year, but quarterly earnings will post 10.30% year-over-year. Quarterly sales are estimated to grow 10.20% in year-over-year returns.

1,856 institutions hold shares in Mckesson Corporation (MCK), with institutional investors hold 87.17% of the company’s shares. The shares outstanding are 136.00M, and float is at 132.98M with Short Float at 1.27%. Institutions hold 87.12% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 12.34 million shares valued at $5.27 billion. The investor’s holdings represent 9.15% of the MCK Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 11.51 million shares valued at $4.92 billion to account for 8.54% of the shares outstanding. The other top investors are State Street Corporation which holds 6.51 million shares representing 4.82% and valued at over $2.78 billion, while Massachusetts Financial Services Co. holds 3.29% of the shares totaling 4.44 million with a market value of $1.9 billion.

Mckesson Corporation (MCK) Insider Activity

A total of 33 insider transactions have happened at Mckesson Corporation (MCK) in the last six months, with sales accounting for 27 and purchases happening 6 times. The most recent transaction is an insider sale by TYLER BRIAN S., the company’s Chief Executive Officer. SEC filings show that TYLER BRIAN S. sold 14,026 shares of the company’s common stock on Jan 03 at a price of $480.00 per share for a total of $6.73 million. Following the sale, the insider now owns 43445.0 shares.

Mckesson Corporation disclosed in a document filed with the SEC on Nov 07 that TYLER BRIAN S. (Chief Executive Officer) sold a total of 23,963 shares of the company’s common stock. The trade occurred on Nov 07 and was made at $457.51 per share for $10.96 million. Following the transaction, the insider now directly holds 43445.0 shares of the MCK stock.

Still, SEC filings show that on Nov 03, Smith LeAnn B (EVP & Chief HR Officer) disposed off 660 shares at an average price of $461.26 for $0.3 million. The insider now directly holds 1,325 shares of Mckesson Corporation (MCK).

Mckesson Corporation (MCK): Who are the competitors?

One of the company’s main competitors (and peers) include Inc. (AMZN) that is trading 74.00% up over the past 12 months.UnitedHealth Group Inc. (UNH) lies in the list of competitors of the Mckesson Corporation and is 7.07% higher over the same period from MCKCVS Health Corp. (CVS) is -16.26% down on the 1-year trading charts.