Core-Mark Holding Co. (CORE) Shares Up 1.9%
Core-Mark Holding Co. (NASDAQ:CORE) shot up 1.9% during trading on Tuesday . The stock traded as high as $39.62 and last traded at $39.47, with a volume of 392,261 shares trading hands. The stock had previously closed at $38.72.
Several brokerages recently commented on CORE. Zacks Investment Research upgraded Core-Mark Holding from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday. Raymond James Financial Inc. dropped their price target on Core-Mark Holding from $51.00 to $46.00 and set an “outperform” rating on the stock in a research note on Tuesday. Stephens reaffirmed a “buy” rating on shares of Core-Mark Holding in a research note on Monday, June 13th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Core-Mark Holding in a research note on Wednesday, June 8th. Five equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $72.80.
The company has a 50 day moving average of $46.61 and a 200 day moving average of $42.70. The company has a market capitalization of $1.81 billion and a PE ratio of 33.25.
Core-Mark Holding (NASDAQ:CORE) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.03. The business earned $3.70 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter last year, the firm earned $0.33 EPS. The firm’s quarterly revenue was up 31.2% on a year-over-year basis. On average, analysts predict that Core-Mark Holding Co. will post $1.41 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 24th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 22nd. This represents a $0.32 annualized dividend and a dividend yield of 0.82%.
In other news, CEO Thomas B. Perkins sold 6,000 shares of Core-Mark Holding stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $84.47, for a total value of $506,820.00. Following the transaction, the chief executive officer now owns 112,198 shares in the company, valued at $9,477,365.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Scott E. Mcpherson sold 5,478 shares of Core-Mark Holding stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $45.07, for a total value of $246,893.46. Following the completion of the transaction, the senior vice president now owns 155,244 shares in the company, valued at approximately $6,996,847.08. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Core-Mark Holding stock. Principal Financial Group Inc. increased its stake in Core-Mark Holding Co. (NASDAQ:CORE) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,806 shares of the company’s stock after buying an additional 10,580 shares during the period. Principal Financial Group Inc. owned about 0.68% of Core-Mark Holding worth $12,767,000 as of its most recent SEC filing.
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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