Insider Selling: Christopher L. Walsh Sells 12,006 Shares of Core-Mark Holding Co. Stock (CORE)
Core-Mark Holding Co. (NASDAQ:CORE) VP Christopher L. Walsh sold 12,006 shares of Core-Mark Holding Co. stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $48.72, for a total value of $584,932.32. Following the sale, the vice president now directly owns 82,338 shares of the company’s stock, valued at approximately $4,011,507. The sale was disclosed in a filing with the Securities & Exchange Commission, 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.
Core-Mark Holding Co. (NASDAQ:CORE) traded down 0.69% on Friday, hitting $49.09. The stock had a trading volume of 116,733 shares. Core-Mark Holding Co. has a 1-year low of $31.375 and a 1-year high of $49.87. The stock’s 50-day moving average is $46.61 and its 200-day moving average is $41.18. The company has a market cap of $1.133 billion and a price-to-earnings ratio of 27.61.
Core-Mark Holding Co. (NASDAQ:CORE) last released its earnings data on Thursday, August 7th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.20 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts predict that Core-Mark Holding Co. will post $2.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors 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 0.89%. 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.
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