Core-Mark Holding Company, Inc. (NASDAQ:CORE) CFO Christopher M. Miller sold 3,517 shares of the stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $42.96, for a total transaction of $151,090.32. Following the completion of the sale, the chief financial officer now directly owns 12,360 shares in the company, valued at approximately $530,985.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) traded up 0.54% during trading on Wednesday, reaching $42.72. 200,731 shares of the company were exchanged. The stock has a market capitalization of $1.97 billion, a P/E ratio of 37.64 and a beta of 0.70. Core-Mark Holding Company, Inc. has a 52-week low of $31.54 and a 52-week high of $50.00. The stock has a 50-day moving average of $39.76 and a 200 day moving average of $40.43.
Core-Mark Holding Company (NASDAQ:CORE) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.08. Core-Mark Holding Company had a return on equity of 11.72% and a net margin of 0.39%. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. The firm’s quarterly revenue was up 33.5% on a year-over-year basis. On average, equities analysts anticipate that Core-Mark Holding Company, Inc. will post $1.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 23rd were issued a dividend of $0.09 per share. The ex-dividend date was Monday, November 21st. This is a boost from Core-Mark Holding Company’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.85%. Core-Mark Holding Company’s dividend payout ratio (DPR) is presently 31.72%.
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CORE has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Core-Mark Holding Company from a “sell” rating to a “hold” rating in a research report on Monday, December 19th. Jefferies Group set a $40.00 target price on shares of Core-Mark Holding Company and gave the company a “hold” rating in a research report on Sunday, December 18th.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in shares of Core-Mark Holding Company during the third quarter worth about $101,000. Barclays PLC boosted its position in shares of Core-Mark Holding Company by 13,593.8% in the second quarter. Barclays PLC now owns 2,191 shares of the company’s stock worth $103,000 after buying an additional 2,175 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Core-Mark Holding Company by 3.3% in the third quarter. Bank of Montreal Can now owns 3,240 shares of the company’s stock worth $116,000 after buying an additional 102 shares during the last quarter. Sei Investments Co. boosted its position in shares of Core-Mark Holding Company by 466.2% in the second quarter. Sei Investments Co. now owns 2,712 shares of the company’s stock worth $127,000 after buying an additional 2,233 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Core-Mark Holding Company by 62,860.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,148 shares of the company’s stock worth $148,000 after buying an additional 3,143 shares during the last quarter. 97.40% of the stock is owned by institutional investors.
About Core-Mark Holding Company
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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