Costco Wholesale Corporation (COST) Shares Sold by Boyd Watterson Asset Management LLC OH
Boyd Watterson Asset Management LLC OH trimmed its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 11.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,390 shares of the retailer’s stock after selling 307 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Costco Wholesale Corporation were worth $382,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in COST. Northwest Investment Counselors LLC bought a new stake in shares of Costco Wholesale Corporation during the second quarter worth $107,000. Mercer Capital Advisers Inc. lifted its position in shares of Costco Wholesale Corporation by 43.4% during the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after purchasing an additional 201 shares during the last quarter. Mosaic Family Wealth LLC lifted its position in shares of Costco Wholesale Corporation by 16.7% during the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after purchasing an additional 100 shares during the last quarter. Ledyard National Bank lifted its position in shares of Costco Wholesale Corporation by 19.1% during the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after purchasing an additional 130 shares during the last quarter. Finally, CKW Financial Group lifted its position in shares of Costco Wholesale Corporation by 33.1% during the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 72.35% of the company’s stock.
In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total transaction of $159,250.00. Following the completion of the sale, the director now directly owns 4,974 shares of the company’s stock, valued at approximately $792,109.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $477,120 over the last ninety days. 0.74% of the stock is owned by insiders.
Shares of Costco Wholesale Corporation (NASDAQ:COST) traded up 0.24% on Friday, reaching $164.29. The company’s stock had a trading volume of 1,852,282 shares. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The company has a market capitalization of $72.06 billion, a price-to-earnings ratio of 28.52 and a beta of 0.93. The stock has a 50-day moving average price of $157.91 and a 200-day moving average price of $165.08. Costco Wholesale Corporation also saw unusually large options trading on Thursday. Traders acquired 6,031 put options on the company. This is an increase of 231% compared to the average daily volume of 1,822 put options.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.22%. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, August 16th. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 34.66%.
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Several research firms have issued reports on COST. Deutsche Bank AG set a $172.00 target price on Costco Wholesale Corporation and gave the company a “hold” rating in a research note on Monday, July 31st. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. BMO Capital Markets lowered Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and cut their target price for the company from $185.00 to $160.00 in a research note on Monday, July 10th. Robert W. Baird reiterated a “buy” rating and issued a $200.00 target price on shares of Costco Wholesale Corporation in a research note on Thursday, August 31st. Finally, Zacks Investment Research upgraded Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a research note on Tuesday, September 19th. Ten equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Costco Wholesale Corporation currently has an average rating of “Buy” and an average price target of $179.40.
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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