McKesson (MCK) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McKesson in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MCK shares.
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9 equities research analysts have issued 1-year price targets for McKesson's shares. Their MCK share price forecasts range from $390.00 to $475.00. On average, they expect the company's stock price to reach $430.17 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
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McKesson's stock was trading at $375.12 on January 1st, 2023. Since then, MCK stock has increased by 6.1% and is now trading at $397.86.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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McKesson Co. (NYSE:MCK) posted its quarterly earnings data on Monday, May, 8th. The company reported $7.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.16 by $0.03. The business had revenue of $68.91 billion for the quarter, compared to the consensus estimate of $67.94 billion. McKesson had a negative trailing twelve-month return on equity of 234.22% and a net margin of 1.29%. The company's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.83 EPS.
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McKesson declared a quarterly dividend on Thursday, April 27th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.54 per share on Monday, July 3rd. This represents a $2.16 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for MCK.

ETFs with the largest weight of McKesson (NYSE:MCK) stock in their portfolio include VanEck Pharmaceutical ETF (PPH), Alger Mid Cap 40 ETF (FRTY), WBI BullBear Value 3000 ETF (WBIF), First Trust Consumer Staples AlphaDEX Fund (FXG), VanEck Retail ETF (RTH), Alger 35 ETF (ATFV), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV) and AdvisorShares Dorsey Wright Alpha Equal Weight ETF (DWEQ).

McKesson (NYSE:MCK) pays an annual dividend of $2.16 per share and currently has a dividend yield of 0.55%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 8.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCK will have a dividend payout ratio of 7.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCK.

McKesson updated its FY 2024 earnings guidance on Monday, May, 8th. The company provided earnings per share (EPS) guidance of $26.10-$26.90 for the period, compared to the consensus EPS estimate of $26.33. The company issued revenue guidance of $287.78 billion-$301.62 billion, compared to the consensus revenue estimate of $286.63 billion.

220 employees have rated McKesson Chief Executive Officer Brian Tyler on Glassdoor.com. Brian Tyler has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other McKesson investors own include Walt Disney (DIS), Johnson & Johnson (JNJ), Gilead Sciences (GILD), CVS Health (CVS), AbbVie (ABBV), Bank of America (BAC), AT&T (T), JPMorgan Chase & Co. (JPM), UnitedHealth Group (UNH) and Home Depot (HD).

McKesson trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCK."

McKesson's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.32%), State Street Corp (4.66%), Price T Rowe Associates Inc. MD (2.36%), FMR LLC (1.97%), Geode Capital Management LLC (1.82%) and Berkshire Hathaway Inc (1.69%). Insiders that own company stock include Brian S Tyler, Brian S Tyler, Britt J Vitalone, Kevin Emerson, Lori A Schechter, Lori A Schechter, Marie L/Ca Knowles, Nancy Avila, Nancy Flores, Sundeep G Reddy, Sundeep G Reddy, Thomas L Rodgers, Thomas L Rodgers and Tracy Faber.
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Shares of MCK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MCK stock can currently be purchased for approximately $397.86.

McKesson (NYSE:MCK) has a market capitalization of $53.95 billion and generates $276.71 billion in revenue each year. The company earns $3.56 billion in net income (profit) each year or $25.11 on an earnings per share basis.

The company employs 51,000 workers across the globe.

McKesson's mailing address is 6555 STATE HWY 161, IRVING TX, 75039. The official website for the company is www.mckesson.com. The company can be reached via phone at (972) 446-4800, via email at investors@mckesson.com, or via fax at 415-983-8453.