JPMorgan Chase & Co. Has $2.89 Million Position in Core-Mark Holding Company, Inc. (CORE)

JPMorgan Chase & Co. reduced its position in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 29.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,303 shares of the business services provider’s stock after selling 37,632 shares during the quarter. JPMorgan Chase & Co. owned 0.19% of Core-Mark worth $2,891,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Core-Mark by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,075,508 shares of the business services provider’s stock worth $134,736,000 after purchasing an additional 71,715 shares during the period. Aberdeen Asset Management PLC UK raised its position in Core-Mark by 7.5% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,714,517 shares of the business services provider’s stock worth $56,682,000 after purchasing an additional 119,697 shares during the period. State Street Corp raised its position in Core-Mark by 4.1% in the 2nd quarter. State Street Corp now owns 1,097,819 shares of the business services provider’s stock worth $36,293,000 after purchasing an additional 43,605 shares during the period. Macquarie Group Ltd. raised its position in Core-Mark by 6.8% in the 3rd quarter. Macquarie Group Ltd. now owns 1,036,747 shares of the business services provider’s stock worth $33,321,000 after purchasing an additional 66,418 shares during the period. Finally, Oak Ridge Investments LLC raised its position in Core-Mark by 2.0% in the 2nd quarter. Oak Ridge Investments LLC now owns 996,341 shares of the business services provider’s stock worth $32,939,000 after purchasing an additional 19,170 shares during the period. 98.27% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on CORE shares. Zacks Investment Research raised shares of Core-Mark from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Jefferies Group reissued a “hold” rating and issued a $32.00 price objective on shares of Core-Mark in a research report on Friday, November 10th. Stephens lowered shares of Core-Mark from an “overweight” rating to an “equal weight” rating in a research report on Friday. UBS Group raised shares of Core-Mark from an “outperform” rating to a “strong-buy” rating in a research report on Friday. Finally, Raymond James Financial raised shares of Core-Mark from an “outperform” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $37.17.

Core-Mark Holding Company, Inc. (CORE) opened at $24.18 on Friday. The company has a market cap of $1,120.00, a P/E ratio of 27.17, a PEG ratio of 2.27 and a beta of 0.95. Core-Mark Holding Company, Inc. has a 1 year low of $23.95 and a 1 year high of $43.94. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 2.16.

Core-Mark (NASDAQ:CORE) last issued its earnings results on Tuesday, November 7th. The business services provider reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.04). The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Core-Mark had a return on equity of 9.90% and a net margin of 0.27%. research analysts anticipate that Core-Mark Holding Company, Inc. will post 1.19 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Tuesday, November 28th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 27th. This is a positive change from Core-Mark’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.65%. Core-Mark’s dividend payout ratio (DPR) is 44.94%.

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

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