Alta Capital Management Llc/ 13F: Adds $12M to MCK Stake
Key Points
- Alta Capital Management's stake in McKesson increased by 13,591 shares, a 119.3% rise, now totaling 24,985 shares.
- The fund's investment in McKesson is now worth approximately $21.3 million, representing 2.0% of its total reported portfolio.
- McKesson's stock closed at $992.87 on October 26, 2026, and recently traded around the same level.
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On October 26, 2026, Alta Capital Management boosted its stake in McKesson Corporation (MCK) by 13,591 shares. This increase brings its total holdings to 24,985 shares, valued at approximately $21.3 million according to the fund's latest Form 13F filing with the SEC.
MCK
McKesson Corporation
Where McKesson Fits in Alta Capital Management's Portfolio
Alta Capital's investment in McKesson now makes up 2.0% of its total reported portfolio. With this recent increase, McKesson ranks 16th among the 215 positions in Alta's portfolio.
Other Institutional Activity in McKesson
Franklin Resources, Inc. reduced its holdings in McKesson by 158,060 shares, totaling 2,905,114 shares worth about $2.88 billion. Massachusetts Financial Services Co. also decreased its stake by 453,894 shares, ending with 2,446,386 shares valued at approximately $2.43 billion.
McKesson Corporation Stock Down 1.9%
McKesson shares closed at $992.87 on October 26, 2026, and have been recently trading around the same level. This positions the stock well, as it is maintaining its value near its closing price from the filing date.
Recent Earnings
For the year ending September 30, 2026, McKesson reported a revenue of approximately $411 billion and an earnings per share (EPS) of $37.31. The company is set to announce its next earnings report on November 4, 2026.
Dividend
McKesson pays an annual dividend of $3.76 per share, with a payout ratio of 8.8%.
Insider Buying and Selling at McKesson Corporation
Several insiders sold shares of McKesson earlier this year. CEO Brian Scott Tyler sold 8,463 shares on July 7, 2026, for about $6.7 million. Director Bradley E Lerman sold 301 shares on August 10, 2026, for about $268,590, while Officer Napoleon B Rutledge Jr. sold 111 shares on September 8, 2026, for approximately $98,951. Chief Technology Officer Francisco Fraga sold 800 shares on October 15, 2026, valued at around $797,129.
Analysts Set New Price Targets
On October 16, 2026, UBS maintained a Buy rating on McKesson with a price target of $1,200. Barclays also maintained an Overweight rating with a target of $1,000 on August 19, 2026.
About McKesson
McKesson Corporation is a healthcare services company that operates in the United States and internationally. It provides a range of services through its segments, including pharmaceutical distribution and medical-surgical solutions.
Bottom Line
Investors should keep an eye on McKesson's upcoming earnings report on November 4, 2026, and any further updates from Alta Capital Management regarding its position in the company. This recent filing reveals a significant boost in Alta's stake, highlighting its confidence in McKesson's future performance.
Related Filing Alerts
Source: Alta Capital Management Llc/'s 13F filing on $MCK (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts