Insider Selling: J Michael Walsh Sells 8,000 Shares of Core-Mark Holding Co. Stock (CORE)
Core-Mark Holding Co. (NASDAQ:CORE) Director J Michael Walsh sold 8,000 shares of Core-Mark Holding Co. stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $49.45, for a total transaction of $395,600.00. Following the sale, the director now directly owns 45,868 shares in the company, valued at approximately $2,268,173. 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.
Shares of Core-Mark Holding Co. (NASDAQ:CORE) traded up 1.35% during mid-day trading on Wednesday, hitting $51.06. 756,721 shares of the company’s stock traded hands. Core-Mark Holding Co. has a one year low of $31.725 and a one year high of $51.47. The stock has a 50-day moving average of $47.9 and a 200-day moving average of $42.2. The company has a market cap of $1.178 billion and a P/E ratio of 28.15.
Core-Mark Holding Co. (NASDAQ:CORE) last announced its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.20 earnings per share. Core-Mark Holding Co.’s revenue was up 4.5% compared to the same quarter last year. 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 announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.86%. The ex-dividend date 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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