Mckesson Corporation (NYSE: MCK) is 18.65% higher on its value in year-to-date trading and has touched a low of $431.35 and a high of $637.51 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 $525.28 in the last trading session, with the day’s gains setting it 24.03%.
Currently trading at $549.31, the stock is 7.43% and 7.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing 4.57% at the moment leaves the stock 1.63% off its SMA200. MCK registered 19.41% gain for a year compared to 6-month loss of 1.05%. The firm has a 50-day simple moving average (SMA 50) of $510.9034 and a 200-day simple moving average (SMA200) of $540.1657.
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The stock witnessed a 10.95% gain in the last 1 month and extending the period to 3 months gives it a 0.33%, and is 10.01% up 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 2.54% over the week and 1.81% over the month.
Mckesson Corporation (MCK) has around 51000 employees, a market worth around $71.23B and $313.75B in sales. Current P/E ratio is 24.57 and Fwd P/E is 15.40. Profit margin for the company is 0.94%. Distance from 52-week low is 27.35% and -13.84% from its 52-week high. The company has generated returns on investments over the last 12 months (55.88%).
The EPS is expected to grow by 16.53% this year
2096.0 institutions hold shares in Mckesson Corporation (MCK), with institutional investors hold 88.37% of the company’s shares. The shares outstanding are 130.00M, and float is at 129.53M with Short Float at 1.62%. Institutions hold 88.28% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.98 million shares valued at $7.0 billion. The investor’s holdings represent 8.9938 of the MCK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.47 million shares valued at $6.7 billion to account for 8.612 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.95 million shares representing 4.4647 and valued at over $3.48 billion, while MASSACHUSETTS FINANCIAL SERVICES CO /MA/ holds 3.6072 of the shares totaling 4.8 million with a market value of $2.81 billion.
Mckesson Corporation (MCK) Insider Activity
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 3,753 shares of the company’s common stock on Sep 05 ’24 at a price of $561.10 per share for a total of $2.11 million. Following the sale, the insider now owns 78586.0 shares.
Still, SEC filings show that on Aug 05 ’24, TYLER BRIAN S. (Chief Executive Officer) disposed off 3,753 shares at an average price of $626.03 for $2.35 million. The insider now directly holds 82,339 shares of Mckesson Corporation (MCK).
