McKesson Surges to 88th in Trading Volume with $782 Million in Shares Exchanged
1min read On April 14, 2025, McKesson (MCK) saw a significant increase in trading volume, with a total of $782 million in shares exchanged, marking a 35.34% rise from the previous day. This surge placed McKesson at the 88th position in terms of trading volume for the day. The stock price of McKesson has been on an upward trajectory, rising by 0.67% and marking its fourth consecutive day of gains, with a total increase of 6.30% over the past four days.
Bank of America recently raised its price target for McKesson from $665.00 to $755.00, maintaining a buy rating on the stock. This adjustment reflects a positive outlook on the company's future performance. Other analysts have also weighed in on McKesson, with Morgan Stanley increasing its price target to $745.00 and maintaining an overweight rating. StockNews.com downgraded McKesson from a strong-buy to a buy rating, while Evercore ISI raised its price target to $675.00 with an outperform rating. Wells Fargo & Company and Mizuho also adjusted their target prices, with Wells Fargo setting it at $691.00 and Mizuho at $690.00, both with neutral ratings.
McKesson recently announced a quarterly dividend of $0.71 per share, paid on April 1st to shareholders of record as of March 3rd. This represents an annualized dividend of $2.84 and a yield of 0.41%. The company's dividend payout ratio is currently at 13.00%.
In terms of insider trading, CEO Brian S. Tyler sold 8,961 shares at an average price of $597.99, reducing his ownership by 12.87%. EVP Leann B. Smith also sold 188 shares at an average price of $609.59, decreasing her position by 15.17%. Over the past three months, insiders have sold a total of 18,110 shares valued at $10,855,706. Insiders currently own 0.11% of the company's stock.
Several institutional investors have adjusted their stakes in McKesson. Parallel Advisors LLC increased its holdings by 0.6%, while Frank Rimerman Advisors LLC boosted its position by 2.2%. Eagle Rock Investment Company LLC raised its stake by 0.4%, and Old North State Trust LLC increased its holdings by 1.6%. Trust Co. of Vermont grew its position by 4.8%. Hedge funds and other institutional investors collectively own 85.07% of McKesson's stock.
