1,385 Shares in Costco Wholesale Corporation (COST) Acquired by Harvest Fund Management Co. Ltd
Harvest Fund Management Co. Ltd bought a new position in Costco Wholesale Corporation (NASDAQ:COST) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,385 shares of the retailer’s stock, valued at approximately $222,000.
A number of other hedge funds also recently modified their holdings of COST. Delta Asset Management LLC TN boosted its holdings in Costco Wholesale Corporation by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after purchasing an additional 65 shares during the last quarter. Almanack Investment Partners LLC. purchased a new position in shares of Costco Wholesale Corporation during the 2nd quarter worth $101,000. Northwest Investment Counselors LLC purchased a new position in shares of Costco Wholesale Corporation during the 2nd quarter worth $107,000. Mercer Capital Advisers Inc. boosted its stake in shares of Costco Wholesale Corporation by 3.5% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after acquiring an additional 23 shares during the last quarter. Finally, Ledyard National Bank boosted its stake in shares of Costco Wholesale Corporation by 19.1% during the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after acquiring an additional 130 shares during the last quarter. Institutional investors own 72.76% of the company’s stock.
Several research analysts have recently weighed in on the stock. Vetr cut shares of Costco Wholesale Corporation from a “buy” rating to a “hold” rating and set a $171.07 price target on the stock. in a research note on Monday, November 6th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Costco Wholesale Corporation in a research note on Friday, October 20th. TheStreet upgraded shares of Costco Wholesale Corporation from a “c” rating to a “b” rating in a research note on Monday, October 9th. Credit Suisse Group reiterated an “outperform” rating on shares of Costco Wholesale Corporation in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $173.00 price target on shares of Costco Wholesale Corporation in a research note on Monday, October 9th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $178.34.
In related news, insider John D. Mckay sold 8,111 shares of Costco Wholesale Corporation stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $172.78, for a total transaction of $1,401,418.58. Following the completion of the transaction, the insider now directly owns 66,751 shares of the company’s stock, valued at approximately $11,533,237.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard A. Galanti sold 3,000 shares of Costco Wholesale Corporation stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $170.95, for a total transaction of $512,850.00. Following the transaction, the chief financial officer now directly owns 35,225 shares of the company’s stock, valued at $6,021,713.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,842 shares of company stock valued at $5,128,658. 0.74% of the stock is owned by corporate insiders.
Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at $170.98 on Friday. Costco Wholesale Corporation has a fifty-two week low of $149.52 and a fifty-two week high of $183.18. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. The firm has a market cap of $73,851.24, a PE ratio of 29.04, a PEG ratio of 2.70 and a beta of 0.93.
Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.06. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The firm had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. During the same period in the previous year, the company earned $1.77 EPS. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. research analysts anticipate that Costco Wholesale Corporation will post 6.45 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. Costco Wholesale Corporation’s dividend payout ratio is presently 32.89%.
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Costco Wholesale Corporation Profile
Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.
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