Core-Mark Holding Co. (NASDAQ:core) announced a quarterly dividend on Monday, November 7th. Investors of record on Wednesday, November 23rd will be given a dividend of 0.09 per share on Thursday, December 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Monday, November 21st. This is a positive change from Core-Mark Holding’s previous quarterly dividend of $0.08.

Core-Mark Holding (NASDAQ:CORE) opened at 35.60 on Wednesday. Core-Mark Holding has a 12 month low of $31.54 and a 12 month high of $50.00. The stock’s 50 day moving average is $34.96 and its 200-day moving average is $41.34. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 31.37 and a beta of 0.65.

Core-Mark Holding (NASDAQ:CORE) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.08. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.94 billion. Core-Mark Holding had a return on equity of 11.72% and a net margin of 0.39%. The business’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 earnings per share. On average, equities research analysts expect that Core-Mark Holding will post $1.38 earnings per share for the current year.

Dividend History for Core-Mark Holding (NASDAQ:core)

In related news, SVP Scott E. Mcpherson sold 4,522 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $45.22, for a total transaction of $204,484.84. Following the sale, the senior vice president now directly owns 155,244 shares of the company’s stock, valued at approximately $7,020,133.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Scott E. Mcpherson sold 5,478 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $45.07, for a total transaction of $246,893.46. Following the sale, the senior vice president now directly owns 155,244 shares in the company, valued at $6,996,847.08. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in CORE. BlackRock Fund Advisors increased its stake in shares of Core-Mark Holding by 105.3% in the second quarter. BlackRock Fund Advisors now owns 2,953,441 shares of the company’s stock valued at $138,398,000 after buying an additional 1,514,838 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Core-Mark Holding by 117.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,361,940 shares of the company’s stock worth $63,821,000 after buying an additional 736,329 shares in the last quarter. State Street Corp increased its stake in shares of Core-Mark Holding by 99.0% in the second quarter. State Street Corp now owns 864,622 shares of the company’s stock worth $40,517,000 after buying an additional 430,048 shares in the last quarter. Waddell & Reed Financial Inc. increased its stake in shares of Core-Mark Holding by 112.0% in the second quarter. Waddell & Reed Financial Inc. now owns 747,200 shares of the company’s stock worth $35,013,000 after buying an additional 394,700 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in shares of Core-Mark Holding by 99.8% in the second quarter. Loomis Sayles & Co. L P now owns 372,978 shares of the company’s stock worth $17,478,000 after buying an additional 186,336 shares in the last quarter. 99.62% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the stock. Jefferies Group lowered shares of Core-Mark Holding from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a research report on Friday, September 30th. Zacks Investment Research lowered shares of Core-Mark Holding from a “hold” rating to a “strong sell” rating in a research report on Friday, October 21st. Finally, Raymond James Financial Inc. lowered their price target 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.

About Core-Mark Holding

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.

5 Day Chart for NASDAQ:CORE

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