Winslow Evans & Crocker Inc. Sells 1,545 Shares of Costco Wholesale Co. (COST)
Winslow Evans & Crocker Inc. cut its stake in Costco Wholesale Co. (NASDAQ:COST) by 7.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,668 shares of the retailer’s stock after selling 1,545 shares during the period. Costco Wholesale comprises approximately 1.0% of Winslow Evans & Crocker Inc.’s holdings, making the stock its 18th largest holding. Winslow Evans & Crocker Inc.’s holdings in Costco Wholesale were worth $3,067,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Delta Asset Management LLC TN raised its holdings in shares of Costco Wholesale by 11.6% in the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after buying an additional 65 shares in the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of Costco Wholesale in the 2nd quarter worth approximately $101,000. Northwest Investment Counselors LLC acquired a new position in shares of Costco Wholesale in the 2nd quarter worth approximately $107,000. Mercer Capital Advisers Inc. raised its holdings in shares of Costco Wholesale by 3.5% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after buying an additional 23 shares in the last quarter. Finally, Ledyard National Bank raised its holdings in shares of Costco Wholesale by 19.1% in the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after buying an additional 130 shares in the last quarter. 71.49% of the stock is owned by institutional investors and hedge funds.
In other Costco Wholesale news, CFO Richard A. Galanti sold 3,000 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $170.95, for a total value of $512,850.00. Following the transaction, the chief financial officer now directly owns 35,225 shares in the company, valued at approximately $6,021,713.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John D. Mckay sold 8,111 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $172.78, for a total value of $1,401,418.58. Following the completion of the transaction, the insider now owns 66,751 shares in the company, valued at $11,533,237.78. The disclosure for this sale can be found here. Insiders sold a total of 32,842 shares of company stock worth $5,520,848 over the last quarter. Corporate insiders own 0.74% of the company’s stock.
Costco Wholesale Co. (NASDAQ:COST) opened at $188.30 on Wednesday. The company has a market capitalization of $82,184.63, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 3.05 and a beta of 0.98. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.43. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $191.22.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale had a return on equity of 22.21% and a net margin of 2.08%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the company earned $1.77 EPS. equities research analysts predict that Costco Wholesale Co. will post 6.47 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given a $0.50 dividend. The ex-dividend date 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 equities analysts have recently issued reports on COST shares. Deutsche Bank reissued a “hold” rating and issued a $172.00 target price on shares of Costco Wholesale in a report on Tuesday, September 5th. Citigroup increased their target price on Costco Wholesale from $155.00 to $187.00 and gave the stock a “hold” rating in a report on Friday, October 6th. Oppenheimer restated a “buy” rating and set a $185.00 price target on shares of Costco Wholesale in a research report on Thursday, August 31st. Morgan Stanley lowered Costco Wholesale from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $190.00 to $165.00 in a research report on Friday, October 6th. Finally, Zacks Investment Research lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $179.50.
Costco Wholesale Company 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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