Macquarie Group Ltd. lowered its stake in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 865,454 shares of the business services provider’s stock after selling 1,168 shares during the period. Macquarie Group Ltd. owned approximately 1.87% of Core-Mark Holding Company worth $37,275,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of CORE. BlackRock Fund Advisors increased its stake in shares of Core-Mark Holding Company by 7.9% in the third quarter. BlackRock Fund Advisors now owns 3,187,969 shares of the business services provider’s stock valued at $114,129,000 after buying an additional 234,528 shares in the last quarter. Brown Advisory Inc. increased its position in Core-Mark Holding Company by 40.4% in the fourth quarter. Brown Advisory Inc. now owns 1,708,010 shares of the business services provider’s stock valued at $73,563,000 after buying an additional 491,077 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Core-Mark Holding Company by 6.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,451,493 shares of the business services provider’s stock valued at $51,963,000 after buying an additional 89,553 shares during the period. Aberdeen Asset Management PLC UK increased its position in Core-Mark Holding Company by 39.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 1,287,055 shares of the business services provider’s stock valued at $55,434,000 after buying an additional 364,971 shares during the period. Finally, Northern Trust Corp increased its position in Core-Mark Holding Company by 40.1% in the third quarter. Northern Trust Corp now owns 1,164,094 shares of the business services provider’s stock valued at $41,675,000 after buying an additional 333,045 shares during the period. Institutional investors own 98.63% of the company’s stock.
Shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) traded up 2.57% during mid-day trading on Thursday, hitting $33.91. The company had a trading volume of 168,869 shares. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 28.98 and a beta of 0.69. Core-Mark Holding Company, Inc. has a 52-week low of $30.00 and a 52-week high of $50.00. The firm has a 50-day moving average price of $31.47 and a 200 day moving average price of $35.54.
Core-Mark Holding Company (NASDAQ:CORE) last announced its quarterly earnings results on Wednesday, March 1st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.02. Core-Mark Holding Company had a net margin of 0.39% and a return on equity of 11.72%. The business earned $3.84 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the company earned $0.75 EPS. The firm’s revenue for the quarter was up 36.3% on a year-over-year basis. Analysts expect that Core-Mark Holding Company, Inc. will post $1.52 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 28th. Shareholders of record on Monday, March 13th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Thursday, March 9th. Core-Mark Holding Company’s dividend payout ratio (DPR) is presently 31.72%.
TRADEMARK VIOLATION WARNING: “Macquarie Group Ltd. Has $37.275 Million Position in Core-Mark Holding Company, Inc. (CORE)” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.chaffeybreeze.com/2017/04/20/macquarie-group-ltd-sells-1168-shares-of-core-mark-holding-company-inc-core-updated.html.
CORE has been the topic of several analyst reports. TheStreet downgraded Core-Mark Holding Company from a “b” rating to a “c+” rating in a research report on Wednesday, March 8th. Stephens set a $49.00 price target on Core-Mark Holding Company and gave the company a “buy” rating in a report on Friday, January 13th. Raymond James Financial, Inc. raised Core-Mark Holding Company from an “outperform” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a report on Tuesday. Zacks Investment Research cut Core-Mark Holding Company from a “buy” rating to a “hold” rating in a report on Thursday, February 16th. Finally, Jefferies Group LLC dropped their price target on Core-Mark Holding Company from $40.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, March 2nd. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $42.75.
In other Core-Mark Holding Company news, VP Christopher L. Walsh sold 1,374 shares of the company’s stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $40.11, for a total value of $55,111.14. Following the sale, the vice president now owns 152,052 shares of the company’s stock, valued at $6,098,805.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by corporate insiders.
About Core-Mark Holding Company
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. As of December 31, 2016, the Company offered services to over 43,000 customer locations across the United States and Canada through 30 distribution centers.
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