Windward Capital Management Co. CA Has $15.62 Million Stake in Costco Wholesale Co. (COST)
Windward Capital Management Co. CA trimmed its position in Costco Wholesale Co. (NASDAQ:COST) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,061 shares of the retailer’s stock after selling 386 shares during the quarter. Costco Wholesale makes up 2.6% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 15th largest position. Windward Capital Management Co. CA’s holdings in Costco Wholesale were worth $15,617,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Delta Asset Management LLC TN raised its stake in Costco Wholesale by 11.6% during the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after acquiring an additional 65 shares in the last quarter. Almanack Investment Partners LLC. acquired a new stake in Costco Wholesale during the 2nd quarter worth $101,000. Northwest Investment Counselors LLC acquired a new stake in Costco Wholesale during the 2nd quarter worth $107,000. Mercer Capital Advisers Inc. raised its stake in Costco Wholesale 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 in the last quarter. Finally, Ledyard National Bank raised its stake in Costco Wholesale 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 in the last quarter. Institutional investors and hedge funds own 71.49% of the company’s stock.
Costco Wholesale Co. (NASDAQ:COST) opened at $188.86 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. The stock has a market cap of $82,184.63, a PE ratio of 32.31, a price-to-earnings-growth ratio of 3.05 and a beta of 0.98. Costco Wholesale Co. has a 52-week low of $150.00 and a 52-week high of $191.22.
Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.06. The company had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.77 earnings per share. equities analysts expect that Costco Wholesale Co. will post 6.47 EPS for the current year.
The firm also recently announced 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. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, November 16th. Costco Wholesale’s payout ratio is currently 32.89%.
Several research analysts have issued reports on COST shares. Moffett Nathanson started coverage on shares of Costco Wholesale in a research report on Monday, December 4th. They set a “buy” rating on the stock. < Vetr downgraded shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price objective on the stock. in a research report on Friday, December 1st. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale in a research report on Thursday, October 5th. BMO Capital Markets set a $160.00 price objective on shares of Costco Wholesale and gave the stock a “hold” rating in a research report on Saturday, October 7th. Finally, Stifel Nicolaus raised their price objective on shares of Costco Wholesale from $179.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $179.50.
In other Costco Wholesale news, VP Richard A. Galanti sold 5,000 shares of Costco Wholesale stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $160.58, for a total transaction of $802,900.00. Following the completion of the transaction, the vice president now owns 41,396 shares in the company, valued at $6,647,369.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John W. Meisenbach sold 3,000 shares of Costco Wholesale stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $183.26, for a total transaction of $549,780.00. Following the transaction, the director now owns 8,654 shares of the company’s stock, valued at approximately $1,585,932.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,842 shares of company stock valued at $5,520,848. 0.74% of the stock is currently owned by company insiders.
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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