Insider Selling: Core-Mark Holding Co. VP Sells 7,367 Shares of Stock (CORE)
Core-Mark Holding Co. (NASDAQ:CORE) VP Christopher L. Walsh sold 7,367 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $48.74, for a total value of $359,067.58. Following the completion of the sale, the vice president now directly owns 82,338 shares in the company, valued at approximately $4,013,154. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Core-Mark Holding Co. in a research note on Friday, August 8th. They now have a $51.00 price target on the stock, up previously from $42.50.
Shares of Core-Mark Holding Co. (NASDAQ:CORE) traded up 1.20% during mid-day trading on Wednesday, hitting $48.94. 81,953 shares of the company’s stock traded hands. Core-Mark Holding Co. has a 1-year low of $31.35 and a 1-year high of $49.87. The stock has a 50-day moving average of $46.44 and a 200-day moving average of $41.04. The company has a market cap of $1.130 billion and a P/E ratio of 27.02.
Core-Mark Holding Co. (NASDAQ:CORE) last announced its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.12. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts predict that Core-Mark Holding Co. will post $2.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, August 20th.
Core-Mark Holding Company, Inc (NASDAQ:CORE) is a marketer of fresh and supply solutions to the convenience retail industry in North America providing sales and marketing, distribution and logistics services to customer locations across the United States and Canada.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.