McKesson (MCK) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McKesson in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MCK shares.
View MCK analyst ratings or view top-rated stocks.

9 Wall Street research analysts have issued twelve-month 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 share price to reach $430.17 in the next twelve months. This suggests a possible upside of 8.2% from the stock's current price.
View analysts price targets for MCK or view top-rated stocks among Wall Street analysts.

McKesson's stock was trading at $375.12 on January 1st, 2023. Since then, MCK shares have increased by 6.0% and is now trading at $397.67.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our MCK earnings forecast.

McKesson Co. (NYSE:MCK) posted its quarterly earnings results on Monday, May, 8th. The company reported $7.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.16 by $0.03. The firm earned $68.91 billion during 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 business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company earned $5.83 earnings per share.
Read the conference call transcript.

McKesson announced a quarterly dividend on Thursday, April 27th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.54 per share on Monday, July 3rd. This represents a $2.16 dividend on an annualized basis 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 0.54%. 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 7.11% 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 EPS guidance of $26.10-$26.90 for the period, compared to the consensus 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 a number of retail and institutional 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of MCK stock can currently be purchased for approximately $397.67.

McKesson (NYSE:MCK) has a market capitalization of $53.92 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.