Core-Mark Holding Co. (CORE) Trading 1.8% Higher
Core-Mark Holding Co. (NASDAQ:CORE)’s share price traded up 1.8% during mid-day trading on Friday . The company traded as high as $44.90 and last traded at $44.86, with a volume of 176,773 shares changing hands. The stock had previously closed at $44.05.
A number of equities analysts have issued reports on the stock. Stephens reaffirmed a “buy” rating on shares of Core-Mark Holding in a research note on Thursday, May 12th. Zacks Investment Research raised shares of Core-Mark Holding from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Thursday, May 12th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Core-Mark Holding in a research note on Wednesday, June 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $90.00.
The firm has a 50-day moving average price of $47.14 and a 200 day moving average price of $42.36. The stock has a market cap of $2.06 billion and a P/E ratio of 37.96.
Core-Mark Holding (NASDAQ:CORE) last issued its earnings results on Tuesday, August 9th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by $0.03. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the firm earned $0.33 EPS. The company’s quarterly revenue was up 31.2% on a year-over-year basis. Equities analysts anticipate 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. Investors of record on Wednesday, August 24th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Monday, August 22nd.
In related news, Director Harvey L. Tepner sold 1,419 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $87.00, for a total transaction of $123,453.00. Following the completion of the transaction, the director now directly owns 17,513 shares in the company, valued at approximately $1,523,631. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Congdon Stacy Loretz sold 3,400 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $90.31, for a total transaction of $307,054.00. Following the transaction, the insider now owns 63,043 shares of the company’s stock, valued at $5,693,413.33. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in Core-Mark Holding stock. State of Tennessee Treasury Department acquired a new position in Core-Mark Holding Co. (NASDAQ:CORE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,000 shares of the company’s stock, valued at approximately $1,475,000. State of Tennessee Treasury Department owned 0.08% of Core-Mark Holding at the end of the most recent quarter.
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.