Hall Laurie J Trustee Purchases Shares of 925 Costco Wholesale Co. (COST)
Hall Laurie J Trustee purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 925 shares of the retailer’s stock, valued at approximately $148,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Costco Wholesale by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after purchasing an additional 937,121 shares during the period. BlackRock Inc. increased its holdings in shares of Costco Wholesale by 2.9% in the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after acquiring an additional 703,825 shares during the last quarter. State Street Corp increased its holdings in shares of Costco Wholesale by 1.3% in the 1st quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock valued at $3,040,476,000 after acquiring an additional 239,479 shares during the last quarter. Capital World Investors increased its holdings in shares of Costco Wholesale by 6.0% in the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after acquiring an additional 1,007,720 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Costco Wholesale by 1.5% in the 1st quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock valued at $2,028,898,000 after acquiring an additional 177,200 shares during the last quarter. Institutional investors own 71.49% of the company’s stock.
Shares of Costco Wholesale Co. (NASDAQ:COST) opened at $188.07 on Friday. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year high of $191.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.99. The firm has a market capitalization of $81,813.20, a P/E ratio of 32.17, a price-to-earnings-growth ratio of 3.04 and a beta of 0.98.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.06. Costco Wholesale had a return on equity of 22.21% and a net margin of 2.08%. The company had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. During the same period last year, the firm earned $1.77 EPS. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. equities analysts predict that Costco Wholesale Co. will post 6.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. Costco Wholesale’s payout ratio is 32.89%.
A number of research firms have recently commented on COST. Vetr downgraded Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price objective on the stock. in a report on Friday, December 1st. Moffett Nathanson began coverage on Costco Wholesale in a report on Monday, December 4th. They issued a “buy” rating on the stock. < Stifel Nicolaus increased their price objective on Costco Wholesale from $179.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, November 30th. Guggenheim reiterated a "neutral" rating on shares of Costco Wholesale in a report on Thursday, October 5th. Finally, Oppenheimer reiterated a "buy" rating on shares of Costco Wholesale in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have issued a buy rating to the company's stock. The stock currently has a consensus rating of "Buy" and a consensus price target of $179.50.
In other news, Director Richard M. Libenson sold 2,350 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $162.00, for a total value of $380,700.00. Following the completion of the sale, the director now directly owns 4,109 shares of the company’s stock, valued at approximately $665,658. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $164.92, for a total value of $164,920.00. Following the completion of the sale, the director now directly owns 6,974 shares of the company’s stock, valued at $1,150,152.08. The disclosure for this sale can be found here. Insiders sold a total of 32,842 shares of company stock valued at $5,520,848 over the last three months. Insiders own 0.74% of the company’s stock.
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Costco Wholesale 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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