Christopher Hobson Sells 5,812 Shares of Core-Mark Holding Company, Inc. (CORE) Stock

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.

ILLEGAL ACTIVITY WARNING: This article was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/11/10/christopher-hobson-sells-5812-shares-of-core-mark-holding-company-inc-core-stock.html.

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.

Recommended Story: Growth Stocks

Receive News & Ratings for Core-Mark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core-Mark and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply