McKesson Corporation (NYSE:MCK) has reported recent stock transactions by EVP & Chief HR Officer, Smith LeAnn B. According to the latest SEC filings, Smith sold a total of 408 shares of McKesson stock, valued over $225,000, within the last week.
The transactions involved two separate sales. On May 28, Smith sold 206 shares at an average price of $557.4 per share, while on May 29, an additional 202 shares were sold at $550.0 each. These sales were executed under a pre-arranged trading plan, known as a Rule 10b5-1(c) trading arrangement, which was established on November 3, 2023.
In addition to the sales, there were also transactions labeled as "F" where Smith disposed of shares to cover tax liabilities related to the vesting of Restricted Stock Units (RSUs). These disposals amounted to a total of 308 shares at a price of $560.73 per share, totaling approximately $148,032. It is noted in the footnotes of the SEC filing that these transactions represent a withholding of shares to satisfy tax obligations corresponding to the vesting of RSUs.
The SEC filing also included "M" transactions, indicating the vesting of RSUs granted to Smith. On May 24, 304 shares vested, followed by 142 shares on the same day. On May 25, another 222 shares vested. These vesting events are part of a scheduled vesting plan detailed in the footnotes, with portions vesting annually over several years.
After the reported transactions, Smith's ownership in McKesson stock has changed, but the executive still holds a significant number of shares in the company. These filings provide transparency into the trading activities of the company's executives, offering investors insights into insider actions.
Investors and market watchers often monitor such filings to gauge the confidence of company insiders in the firm's prospects, as insider trading patterns can sometimes provide valuable signals about the company's future performance. However, it's important to note that these transactions do not necessarily indicate a change in company outlook as they may be part of pre-scheduled plans or personal financial management decisions by the insiders.
McKesson Corporation, headquartered in Irving, Texas, is a global leader in healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology.
InvestingPro Insights
Amid recent stock transactions by McKesson Corporation's (NYSE:MCK) executive Smith LeAnn B., investors may find it helpful to consider the broader financial landscape of the company as reflected by key metrics and expert analysis from InvestingPro. McKesson's commitment to shareholder value is evident through its aggressive share buyback program and a history of raising dividends. Notably, the company has increased its dividend for 16 consecutive years and has maintained dividend payments for an impressive 31 consecutive years, showcasing a stable financial policy and a reliable income stream for investors.
InvestingPro Data highlights McKesson's robust market presence with a substantial market capitalization of $71.4B USD and a significant revenue figure of $308.95B USD for the last twelve months as of Q4 2024. The company's revenue growth stands at 11.65% for the same period, indicating a solid trajectory in its financial performance. Additionally, McKesson's P/E ratio of 24.71 reflects its earnings relative to share price, giving investors a sense of the company's valuation in the current market.
For those looking to delve deeper into McKesson's financial health and stock performance, InvestingPro provides further insights, including the fact that the stock generally trades with low price volatility, which could be a point of consideration for risk-averse investors. Moreover, analysts have revised their earnings upwards for the upcoming period, suggesting a positive outlook on the company's earnings potential.
Investors interested in exploring more about McKesson can access additional InvestingPro Tips. There are 13 more tips available that provide a comprehensive analysis of the company's financial health and stock performance, which can be found at: https://www.investing.com/pro/MCK. To enhance the value of your research, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, giving you access to in-depth financial information and expert insights that can inform your investment decisions.
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