CORE has been the topic of several other research reports. Zacks Investment Research upgraded Core-Mark Holding from a hold rating to a buy rating and set a $44.00 price objective on the stock in a research note on Tuesday, August 30th. Stephens reaffirmed a buy rating on shares of Core-Mark Holding in a research report on Monday, June 13th. Finally, Raymond James Financial Inc. decreased their target price on Core-Mark Holding from $51.00 to $46.00 and set an outperform rating on the stock in a research report on Tuesday, August 30th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $60.20.
Shares of Core-Mark Holding (NASDAQ:CORE) traded down 2.04% during trading on Friday, reaching $35.07. The company’s stock had a trading volume of 49,524 shares. The firm’s 50-day moving average is $39.14 and its 200 day moving average is $42.50. The company has a market cap of $1.62 billion, a PE ratio of 29.85 and a beta of 0.65. Core-Mark Holding has a 52-week low of $32.10 and a 52-week high of $50.00.
Core-Mark Holding (NASDAQ:CORE) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.03. The business earned $3.70 billion during the quarter, compared to the consensus estimate of $3.50 billion. Core-Mark Holding had a net margin of 0.44% and a return on equity of 12.18%. Core-Mark Holding’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. On average, equities research analysts predict that Core-Mark Holding will post $1.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 24th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Monday, August 22nd. Core-Mark Holding’s dividend payout ratio is currently 27.35%.
In related news, SVP Scott E. Mcpherson sold 4,522 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $45.22, for a total transaction of $204,484.84. Following the sale, the senior vice president now owns 155,244 shares of the company’s stock, valued at $7,020,133.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Scott E. Mcpherson sold 5,478 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $45.07, for a total value of $246,893.46. Following the sale, the senior vice president now directly owns 155,244 shares in the company, valued at approximately $6,996,847.08. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Large investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Core-Mark Holding during the fourth quarter worth about $8,593,000. Aperio Group LLC increased its stake in shares of Core-Mark Holding by 36.7% in the first quarter. Aperio Group LLC now owns 3,647 shares of the company’s stock worth $297,000 after buying an additional 980 shares in the last quarter. Virginia Retirement System bought a new stake in shares of Core-Mark Holding during the first quarter worth about $343,000. Pacad Investment Ltd. increased its stake in shares of Core-Mark Holding by 400.0% in the first quarter. Pacad Investment Ltd. now owns 17,500 shares of the company’s stock worth $1,427,000 after buying an additional 14,000 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Core-Mark Holding by 6.1% in the first quarter. TIAA CREF Investment Management LLC now owns 99,577 shares of the company’s stock worth $8,122,000 after buying an additional 5,722 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.
About Core-Mark Holding
Core-Mark Holding Company, Inc is a wholesale distributor to the convenience retail industry in North America. The Company provides sales, marketing, distribution and logistics services to over 36,500 customer locations across the United States and Canada through over 30 distribution centers. The Company’s segments include the United States, Canada and Corporate.
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