Thrivent Financial For Lutherans lifted its position in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 558,453 shares of the business services provider’s stock after acquiring an additional 27,020 shares during the period. Thrivent Financial For Lutherans owned approximately 1.21% of Core-Mark Holding worth $18,463,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Core-Mark Holding by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 4,003,793 shares of the business services provider’s stock valued at $124,879,000 after acquiring an additional 208,935 shares during the period. Nicholas Company Inc. raised its position in shares of Core-Mark Holding by 47.5% in the 1st quarter. Nicholas Company Inc. now owns 135,955 shares of the business services provider’s stock valued at $4,240,000 after acquiring an additional 43,755 shares during the period. Wellington Management Group LLP raised its position in shares of Core-Mark Holding by 3.4% in the 1st quarter. Wellington Management Group LLP now owns 654,453 shares of the business services provider’s stock valued at $20,412,000 after acquiring an additional 21,286 shares during the period. Citadel Advisors LLC raised its position in shares of Core-Mark Holding by 13.2% in the 1st quarter. Citadel Advisors LLC now owns 180,557 shares of the business services provider’s stock valued at $5,632,000 after acquiring an additional 21,059 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Core-Mark Holding by 65.1% in the 1st quarter. Victory Capital Management Inc. now owns 3,811 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 1,503 shares during the period. Institutional investors and hedge funds own 98.27% of the company’s stock.
A number of analysts recently weighed in on CORE shares. BidaskClub downgraded shares of Core-Mark Holding from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Jefferies Group LLC reissued a “hold” rating on shares of Core-Mark Holding in a research note on Friday, June 23rd. Loop Capital reissued a “buy” rating and set a $40.00 target price on shares of Core-Mark Holding in a research note on Monday, July 10th. ValuEngine cut Core-Mark Holding from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised Core-Mark Holding from a “hold” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Core-Mark Holding currently has a consensus rating of “Hold” and an average target price of $40.00.
Shares of Core-Mark Holding Company, Inc. (CORE) opened at 29.03 on Wednesday. Core-Mark Holding Company, Inc. has a 1-year low of $26.08 and a 1-year high of $44.12. The company’s 50-day moving average price is $28.96 and its 200-day moving average price is $32.58. The company has a market capitalization of $1.34 billion, a PE ratio of 32.62 and a beta of 0.94.
Core-Mark Holding (NASDAQ:CORE) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.11). Core-Mark Holding had a net margin of 0.27% and a return on equity of 9.70%. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the firm posted $0.39 earnings per share. Core-Mark Holding’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities analysts expect that Core-Mark Holding Company, Inc. will post $1.24 earnings per share for the current fiscal year.
Core-Mark Holding declared that its Board of Directors has initiated a stock buyback plan on Monday, August 28th that allows the company to repurchase $40.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 29th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, August 25th. Core-Mark Holding’s dividend payout ratio (DPR) is presently 40.00%.
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Core-Mark Holding Profile
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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