State of Wisconsin Investment Board reduced its position in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 328,200 shares of the business services provider’s stock after selling 26,300 shares during the period. State of Wisconsin Investment Board owned 0.71% of Core-Mark Holding worth $10,850,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teachers Advisors LLC increased its position in shares of Core-Mark Holding by 7.8% in the fourth quarter. Teachers Advisors LLC now owns 79,026 shares of the business services provider’s stock worth $3,404,000 after buying an additional 5,689 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Core-Mark Holding by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the business services provider’s stock worth $589,000 after buying an additional 300 shares during the period. State of Alaska Department of Revenue raised its stake in Core-Mark Holding by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 5,110 shares of the business services provider’s stock worth $159,000 after buying an additional 100 shares during the period. Sigma Planning Corp purchased a new stake in Core-Mark Holding during the first quarter worth $232,000. Finally, Sapphire Star Partners LP purchased a new stake in Core-Mark Holding during the first quarter worth $482,000. 98.27% of the stock is owned by hedge funds and other institutional investors.

Shares of Core-Mark Holding Company, Inc. (CORE) opened at 27.55 on Thursday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 30.96 and a beta of 0.87. The company has a 50-day moving average of $33.13 and a 200-day moving average of $33.26. Core-Mark Holding Company, Inc. has a 52-week low of $26.08 and a 52-week high of $45.57.

Core-Mark Holding (NASDAQ:CORE) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.11. The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Core-Mark Holding had a return on equity of 9.70% and a net margin of 0.27%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. Equities research analysts anticipate that Core-Mark Holding Company, Inc. will post $1.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 29th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, August 25th. This represents a $0.36 annualized dividend and a dividend yield of 1.31%. Core-Mark Holding’s dividend payout ratio is currently 40.00%.

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A number of analysts recently weighed in on the stock. ValuEngine lowered shares of Core-Mark Holding from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub raised shares of Core-Mark Holding from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Raymond James Financial, Inc. reissued an “outperform” rating on shares of Core-Mark Holding in a research report on Wednesday, May 10th. Zacks Investment Research raised shares of Core-Mark Holding from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research report on Friday, August 4th. Finally, Jefferies Group LLC set a $35.00 price objective on shares of Core-Mark Holding and gave the stock a “hold” rating in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Core-Mark Holding presently has a consensus rating of “Hold” and a consensus target price of $40.00.

In other news, insider Thomas B. Perkins sold 12,000 shares of Core-Mark Holding stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $34.20, for a total value of $410,400.00. Following the transaction, the insider now owns 190,666 shares in the company, valued at $6,520,777.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP William Stein sold 7,500 shares of Core-Mark Holding stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $35.91, for a total value of $269,325.00. Following the completion of the transaction, the vice president now owns 73,402 shares in the company, valued at approximately $2,635,865.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,970 shares of company stock worth $1,435,622. Company insiders own 2.50% of the company’s stock.

Core-Mark Holding Company Profile

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. As of December 31, 2016, the Company offered services to over 43,000 customer locations across the United States and Canada through 30 distribution centers.

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Institutional Ownership by Quarter for Core-Mark Holding (NASDAQ:CORE)

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