Core-Mark Holding Company, Inc. (NASDAQ:CORE) VP Christopher Hobson sold 5,812 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $30.73, for a total value of $178,602.76. Following the completion of the sale, the vice president now directly owns 55,355 shares in the company, valued at $1,701,059.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Core-Mark stock opened at $29.00 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 1.68 and a beta of 0.57. Core-Mark Holding Company, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $40.12.
Core-Mark (NASDAQ:CORE) last posted its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Core-Mark had a return on equity of 11.58% and a net margin of 0.27%. The business’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 EPS. As a group, analysts forecast that Core-Mark Holding Company, Inc. will post 1.36 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Tuesday, November 20th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.52%. This is a boost from Core-Mark’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, November 19th. Core-Mark’s payout ratio is presently 40.00%.
Several analysts recently issued reports on CORE shares. BidaskClub raised Core-Mark from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 11th. Zacks Investment Research raised Core-Mark from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Friday, September 28th. Raymond James cut Core-Mark from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $33.00 to $40.00 in a research note on Friday, September 7th. Loop Capital set a $41.00 target price on Core-Mark and gave the stock a “buy” rating in a research note on Wednesday, September 26th. Finally, ValuEngine raised Core-Mark from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $33.67.
Institutional investors have recently bought and sold shares of the business. Virginia Retirement Systems ET AL bought a new stake in Core-Mark during the 3rd quarter valued at approximately $224,000. Howard Capital Management bought a new stake in Core-Mark during the 3rd quarter valued at approximately $280,000. PNC Financial Services Group Inc. boosted its position in Core-Mark by 207.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,960 shares of the business services provider’s stock valued at $305,000 after acquiring an additional 6,049 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Core-Mark during the 2nd quarter valued at approximately $222,000. Finally, Skylands Capital LLC boosted its position in Core-Mark by 941.7% during the 2nd quarter. Skylands Capital LLC now owns 12,500 shares of the business services provider’s stock valued at $284,000 after acquiring an additional 11,300 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.
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Core-Mark Company Profile
Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.
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