Core-Mark Holding Co. Director Sells $96,340 in Stock (CORE)
Core-Mark Holding Co. (NASDAQ:CORE) Director J Michael Walsh unloaded 2,000 shares of the company’s stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $48.17, for a total transaction of $96,340.00. Following the transaction, the director now directly owns 45,868 shares in the company, valued at approximately $2,209,462. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Core-Mark Holding Co. (NASDAQ:CORE) traded up 1.35% on Wednesday, hitting $51.06. The stock had a trading volume of 756,721 shares. Core-Mark Holding Co. has a one year low of $31.725 and a one year high of $51.47. The stock’s 50-day moving average is $47.9 and its 200-day moving average is $42.2. The company has a market cap of $1.178 billion and a price-to-earnings ratio of 28.15.
Core-Mark Holding Co. (NASDAQ:CORE) last released its earnings data 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. Analysts expect that Core-Mark Holding Co. will post $2.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders 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 0.86%. The ex-dividend date of this dividend is Wednesday, August 20th.
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 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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