Prudential Financial Inc. boosted its position in Core-Mark Holding Co. (NASDAQ:CORE) by 41.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 139,518 shares of the company’s stock after buying an additional 40,769 shares during the period. Prudential Financial Inc. owned about 0.30% of Core-Mark Holding worth $6,538,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of CORE. Springbok Capital Management LLC boosted its stake in shares of Core-Mark Holding by 5,072.4% in the first quarter. Springbok Capital Management LLC now owns 1,500 shares of the company’s stock worth $122,000 after buying an additional 1,471 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Core-Mark Holding during the second quarter worth about $147,000. BlackRock Inc. raised its position in shares of Core-Mark Holding by 175.0% in the first quarter. BlackRock Inc. now owns 2,148 shares of the company’s stock worth $175,000 after buying an additional 1,367 shares during the period. Thompson Siegel & Walmsley LLC raised its position in shares of Core-Mark Holding by 116.7% in the second quarter. Thompson Siegel & Walmsley LLC now owns 3,900 shares of the company’s stock worth $183,000 after buying an additional 2,100 shares during the period. Finally, DIAM Co. Ltd. bought a new position in shares of Core-Mark Holding during the second quarter worth about $186,000. Institutional investors and hedge funds own 96.48% of the company’s stock.
Shares of Core-Mark Holding Co. (NASDAQ:CORE) opened at 34.77 on Monday. The firm has a 50-day moving average of $37.95 and a 200 day moving average of $42.31. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 29.59 and a beta of 0.65. Core-Mark Holding Co. has a one year low of $34.22 and a one year high of $50.00.
Core-Mark Holding (NASDAQ:CORE) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.03. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.50 billion. Core-Mark Holding had a return on equity of 12.18% and a net margin of 0.44%. Core-Mark Holding’s revenue was up 31.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. Equities research analysts anticipate that Core-Mark Holding Co. will post $1.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 24th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $0.32 annualized dividend and a dividend yield of 0.92%. Core-Mark Holding’s dividend payout ratio is currently 27.35%.
A number of equities analysts recently issued reports on CORE shares. Raymond James Financial Inc. dropped their target price on shares of Core-Mark Holding from $51.00 to $46.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 30th. Stephens reaffirmed a “buy” rating on shares of Core-Mark Holding in a research report on Monday, June 13th. Jefferies Group lowered shares of Core-Mark Holding from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research report on Friday, September 30th. Finally, Zacks Investment Research lowered shares of Core-Mark Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, August 31st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $60.20.
In other news, SVP Scott E. Mcpherson sold 4,522 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $45.22, for a total value of $204,484.84. Following the completion of the sale, the senior vice president now owns 155,244 shares of the company’s stock, valued at approximately $7,020,133.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Scott E. Mcpherson sold 5,478 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $45.07, for a total value of $246,893.46. Following the completion of the sale, the senior vice president now directly owns 155,244 shares of the company’s stock, valued at approximately $6,996,847.08. The disclosure for this sale can be found here. Insiders own 2.40% 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 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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