Multiple institutional investors disclose new McKesson stakes as shares trade near $907

Saudi Central Bank and hedge funds expand McKesson positions

Saudi Central Bank raised its stake in McKesson Corporation (NYSE:MCK) by 88.2% during the second quarter, ending the period with 8,574 shares worth about $6,479,000, according to a regulatory filing reported on September 6, 2026. Several other asset managers also adjusted their positions in the same quarter, including Brighton Jones LLC, which lifted its position by 46.3%, Sivia Capital Partners LLC, which boosted its holdings by 77.9%, and Treasurer of the State of North Carolina, which grew its position by 0.9%. New positions were initiated by Caxton Associates LLP, valued at approximately $233,000, and Osterweis Capital Management Inc., valued at about $166,000.

Large institutional buyers file new McKesson stakes

Compass Financial Management LLC bought a new stake of 2,822 shares valued at approximately $2,341,000 during the second quarter, a September 6, 2026 filing report showed. Other major institutional buyers disclosed during the same period included BlackRock Inc., with a new position worth about $8,156,743,000, Norges Bank, with a stake valued at roughly $1,651,137,000, Bank of America Corp DE, with a position of about $998,896,000, Legal & General Group Plc, with a $656,566,000 stake, and The Manufacturers Life Insurance Company, with a $651,462,000 stake. Institutional investors collectively own 85.07% of McKesson's stock.

Wellington Management adds to its McKesson holding

Wellington Management Group LLP also increased its stock holdings in McKesson, according to a September 5, 2026 report. The disclosure was filed alongside a broader slate of institutional 13F activity, though specific share counts and dollar values for Wellington's position were not detailed in the available text.

Analyst sentiment tilts toward "Moderate Buy"

Brokerages covering MCK have moved their price targets higher in recent weeks. TD Cowen raised its target to $1,006.00 from $989.00, and Robert W. Baird set a $1,015.00 price objective, both in reports dated Thursday, August 6, 2026. Morgan Stanley reaffirmed an "overweight" rating on August 7, 2026. Wall Street Zen downgraded the shares from "buy" to "hold" on June 27, 2026, while Weiss Ratings upgraded the stock from "buy (b-)" to "buy (b)" in a separate research note. Across 18 covering analysts, MarketBeat.com data show 14 Buy ratings and 4 Hold ratings, yielding an average "Moderate Buy" consensus and an average target price of $973.44.

Recent quarterly results and fiscal 2027 guidance

McKesson last reported quarterly earnings on Wednesday, August 5, 2026, posting adjusted earnings of $9.93 per share against a $9.56 consensus estimate and revenue of $105.38 billion, which exceeded the $103.88 billion consensus and was up 7.7% year over year. The company issued fiscal 2027 EPS guidance of $44.20 to $45.00 and raised its quarterly dividend to $0.94 per share, or $3.76 annualized.

Insider selling and trading levels

Director Bradley E. Lerman sold 301 shares at an average price of $892.33 on Monday, August 10, 2026, for a total of $268,591.33. CEO Brian S. Tyler sold 8,463 shares at an average price of $793.56 on Tuesday, July 7, 2026, for a total of $6,715,898.28. MCK shares opened at $907.35 on the Friday referenced in the filings, with a 50-day moving average of $848.13, a 200-day moving average of $843.09, a market capitalization of $105.79 billion, and a 52-week range of $682.35 to $999.00.