The Manufacturers Life Insurance Company Acquires 1,184 Shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE)

The Manufacturers Life Insurance Company raised its holdings in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,887 shares of the business services provider’s stock after buying an additional 1,184 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Core-Mark were worth $790,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Core-Mark by 3.2% in the 4th quarter. BlackRock Inc. now owns 6,769,561 shares of the business services provider’s stock worth $198,823,000 after purchasing an additional 212,695 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Core-Mark by 1.8% in the 4th quarter. Victory Capital Management Inc. now owns 3,175,599 shares of the business services provider’s stock worth $93,267,000 after purchasing an additional 55,805 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Core-Mark by 14.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,188,607 shares of the business services provider’s stock worth $34,909,000 after purchasing an additional 148,659 shares during the last quarter. Copeland Capital Management LLC grew its holdings in shares of Core-Mark by 6.9% in the 4th quarter. Copeland Capital Management LLC now owns 1,020,845 shares of the business services provider’s stock worth $29,982,000 after purchasing an additional 65,460 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Core-Mark by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 581,071 shares of the business services provider’s stock worth $17,066,000 after purchasing an additional 7,684 shares during the last quarter. 91.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ CORE opened at $40.69 on Thursday. The firm’s 50-day simple moving average is $36.95 and its 200 day simple moving average is $32.40. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 30.59 and a beta of 0.38. The company has a quick ratio of 0.83, a current ratio of 1.98 and a debt-to-equity ratio of 0.72. Core-Mark Holding Company, Inc. has a 12-month low of $22.95 and a 12-month high of $41.55.

Core-Mark (NASDAQ:CORE) last released its earnings results on Sunday, February 28th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.26. Core-Mark had a net margin of 0.36% and a return on equity of 13.61%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the prior year, the company posted $0.45 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts expect that Core-Mark Holding Company, Inc. will post 1.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Monday, March 15th were given a dividend of $0.13 per share. The ex-dividend date was Friday, March 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.28%. Core-Mark’s payout ratio is presently 30.77%.

In other Core-Mark news, EVP Brian Brandon sold 2,001 shares of the company’s stock in a transaction dated Wednesday, January 27th. The shares were sold at an average price of $34.56, for a total transaction of $69,154.56. Following the transaction, the executive vice president now directly owns 6,503 shares in the company, valued at approximately $224,743.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.

CORE has been the topic of several analyst reports. Zacks Investment Research lowered shares of Core-Mark from a “buy” rating to a “hold” rating in a report on Friday, March 5th. BMO Capital Markets upgraded shares of Core-Mark from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $34.00 to $40.00 in a research report on Tuesday, January 26th. Finally, Raymond James upped their price target on shares of Core-Mark from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, March 8th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $39.50.

Core-Mark Company Profile

Core-Mark Holding Company, Inc distributes packaged consumer products to the convenience retail industry. The company sells and distributes food products, including candies, snacks, groceries, and beverages; fresh products, such as sandwiches, juices, salads, produce, dairy, and bread; and non-food products comprising cigars, tobacco, alternative nicotine products, health and beauty care products, and general merchandise and equipment.

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Institutional Ownership by Quarter for Core-Mark (NASDAQ:CORE)

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