Legal & General Group Plc Has $733.09 Million Stock Position in McKesson Corporation $MCK

25 May 2026, 07:40 by Jessica Moore · The Cerbat Gem

Legal & General Group Plc decreased its stake in McKesson Corporation (NYSE:MCK – Free Report) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 893,696 shares of the company’s stock after selling 27,236 shares during the period. Legal & General Group Plc’s holdings in McKesson were worth $733,090,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GGM Financials LLC acquired a new stake in shares of McKesson in the third quarter worth $25,000. State of Wyoming acquired a new stake in shares of McKesson in the second quarter worth $29,000. Hopwood Financial Services Inc. bought a new position in McKesson in the third quarter worth $31,000. Board of the Pension Protection Fund acquired a new stake in McKesson during the fourth quarter worth $33,000. Finally, Kingdom Financial Group LLC. acquired a new stake in McKesson during the fourth quarter worth $33,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $875.00 price objective on shares of McKesson in a research note on Friday, May 8th. Citigroup reduced their price objective on shares of McKesson from $975.00 to $945.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Weiss Ratings downgraded shares of McKesson from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. JPMorgan Chase & Co. reduced their price objective on shares of McKesson from $1,107.00 to $1,015.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Finally, Raymond James Financial set a $970.00 price objective on shares of McKesson in a report on Thursday, March 5th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $968.87.

Get Our Latest Research Report on MCK

Insider Activity

In other McKesson news, EVP Michele Lau sold 2,725 shares of McKesson stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $990.00, for a total transaction of $2,697,750.00. Following the completion of the transaction, the executive vice president directly owned 3,247 shares of the company’s stock, valued at approximately $3,214,530. This trade represents a 45.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

McKesson Stock Performance

Shares of NYSE MCK opened at $765.30 on Monday. The stock has a market cap of $91.99 billion, a PE ratio of 19.89, a PEG ratio of 1.14 and a beta of 0.35. The business has a fifty day moving average of $838.23 and a two-hundred day moving average of $855.78. McKesson Corporation has a 52-week low of $637.00 and a 52-week high of $999.00.

McKesson (NYSE:MCK – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $11.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.56 by $0.13. The company had revenue of $96.30 billion during the quarter, compared to analysts’ expectations of $101.35 billion. McKesson had a negative return on equity of 345.35% and a net margin of 1.18%.The business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $10.12 earnings per share. McKesson has set its FY 2027 guidance at 43.800-44.600 EPS. Analysts predict that McKesson Corporation will post 44.29 earnings per share for the current year.

McKesson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.4%. McKesson’s dividend payout ratio (DPR) is presently 8.53%.

McKesson Company Profile

(Free Report)

McKesson Corporation (NYSE: MCK) is a global healthcare services and distribution company that supplies pharmaceuticals, medical-surgical products and health care technology solutions. Founded in 1833 and headquartered in Irving, Texas, McKesson operates across the drug distribution and healthcare services value chain, connecting manufacturers, pharmacies, hospitals and health systems to help manage the movement of medicines and clinical supplies.