Core-Mark Holding Company, Inc. (CORE) Shares Sold by NJ State Employees Deferred Compensation Plan

NJ State Employees Deferred Compensation Plan lowered its position in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 28.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,000 shares of the business services provider’s stock after selling 20,000 shares during the period. NJ State Employees Deferred Compensation Plan owned about 0.11% of Core-Mark Holding worth $1,653,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Stephens Inc. AR raised its stake in shares of Core-Mark Holding by 0.4% in the first quarter. Stephens Inc. AR now owns 10,250 shares of the business services provider’s stock worth $320,000 after buying an additional 38 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Core-Mark Holding by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 5,110 shares of the business services provider’s stock worth $159,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Core-Mark Holding by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the business services provider’s stock worth $589,000 after buying an additional 300 shares during the last quarter. Arizona State Retirement System increased its position in shares of Core-Mark Holding by 1.3% in the first quarter. Arizona State Retirement System now owns 24,100 shares of the business services provider’s stock worth $752,000 after buying an additional 300 shares during the last quarter. Finally, BB&T Corp increased its position in shares of Core-Mark Holding by 2.5% in the first quarter. BB&T Corp now owns 12,233 shares of the business services provider’s stock worth $381,000 after buying an additional 301 shares during the last quarter. Institutional investors and hedge funds own 98.27% of the company’s stock.

Shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) traded down 1.29% during mid-day trading on Monday, reaching $27.62. The company’s stock had a trading volume of 283,855 shares. The firm has a market capitalization of $1.28 billion, a P/E ratio of 31.03 and a beta of 0.87. Core-Mark Holding Company, Inc. has a 1-year low of $27.27 and a 1-year high of $45.70. The company’s 50-day moving average is $34.45 and its 200 day moving average is $33.77.

Core-Mark Holding (NASDAQ:CORE) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the company posted $0.39 EPS. Core-Mark Holding’s revenue was up 3.1% on a year-over-year basis. On average, analysts expect that Core-Mark Holding Company, Inc. will post $1.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 29th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, August 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.30%. Core-Mark Holding’s dividend payout ratio (DPR) is presently 40.00%.

A number of research analysts have issued reports on the company. ValuEngine raised Core-Mark Holding from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Jefferies Group LLC reduced their target price on Core-Mark Holding from $38.00 to $34.00 and set a “hold” rating for the company in a research note on Wednesday, August 9th. Zacks Investment Research downgraded Core-Mark Holding from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Raymond James Financial, Inc. set a $35.00 target price on Core-Mark Holding and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, BidaskClub cut Core-Mark Holding from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Core-Mark Holding currently has an average rating of “Hold” and a consensus target price of $40.00.

In other news, insider Eric Rolheiser sold 11,470 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $35.10, for a total value of $402,597.00. Following the completion of the sale, the insider now owns 5,016 shares in the company, valued at $176,061.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William Stein sold 7,500 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $35.91, for a total value of $269,325.00. Following the sale, the vice president now owns 73,402 shares of the company’s stock, valued at $2,635,865.82. The disclosure for this sale can be found here. Insiders have sold a total of 40,970 shares of company stock valued at $1,435,622 in the last quarter. Insiders own 2.50% of the company’s stock.

Core-Mark Holding Company 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.