Osborn Williams & Donohoe LLC Maintains Stake in Costco Wholesale Corporation (COST)

Osborn Williams & Donohoe LLC maintained its position in Costco Wholesale Corporation (NASDAQ:COST) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,568 shares of the retailer’s stock at the end of the second quarter. Osborn Williams & Donohoe LLC’s holdings in Costco Wholesale Corporation were worth $251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mount Vernon Associates Inc. MD increased its position in Costco Wholesale Corporation by 4.2% in the second quarter. Mount Vernon Associates Inc. MD now owns 13,545 shares of the retailer’s stock worth $2,166,000 after buying an additional 540 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Costco Wholesale Corporation by 29.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 14,424 shares of the retailer’s stock worth $2,307,000 after buying an additional 3,284 shares in the last quarter. Whittier Trust Co. increased its position in Costco Wholesale Corporation by 81.5% in the second quarter. Whittier Trust Co. now owns 39,777 shares of the retailer’s stock worth $6,361,000 after buying an additional 17,865 shares in the last quarter. US Bancorp DE increased its position in Costco Wholesale Corporation by 2.5% in the second quarter. US Bancorp DE now owns 480,252 shares of the retailer’s stock worth $76,808,000 after buying an additional 11,489 shares in the last quarter. Finally, Reilly Financial Advisors LLC increased its position in Costco Wholesale Corporation by 3.1% in the second quarter. Reilly Financial Advisors LLC now owns 3,967 shares of the retailer’s stock worth $635,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Costco Wholesale Corporation (NASDAQ:COST) traded down 0.94% during trading on Friday, reaching $157.08. The company’s stock had a trading volume of 2,747,925 shares. The stock has a 50 day moving average price of $155.32 and a 200 day moving average price of $167.38. The stock has a market capitalization of $68.89 billion, a PE ratio of 27.27 and a beta of 0.93. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. Costco Wholesale Corporation also was the target of some unusual options trading on Thursday. Stock traders bought 6,031 put options on the company. This represents an increase of approximately 231% compared to the average volume of 1,822 put options.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 25th. The retailer reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.09. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The business had revenue of $28.86 billion for the quarter, compared to the consensus estimate of $28.57 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts anticipate that Costco Wholesale Corporation will post $5.77 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.27%. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. Costco Wholesale Corporation’s dividend payout ratio is presently 34.66%.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.com-unik.info/2017/08/19/osborn-williams-donohoe-llc-continues-to-hold-position-in-costco-wholesale-corporation-cost-updated.html.

A number of research analysts have recently commented on the company. Wells Fargo & Company reiterated a “hold” rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 3rd. Stifel Nicolaus set a $173.00 target price on Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. BidaskClub upgraded Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Deutsche Bank AG set a $172.00 target price on Costco Wholesale Corporation and gave the company a “hold” rating in a research report on Monday, July 31st. Finally, Robert W. Baird set a $200.00 price target on Costco Wholesale Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Costco Wholesale Corporation presently has an average rating of “Buy” and a consensus target price of $179.11.

In other news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total value of $159,250.00. Following the transaction, the director now owns 4,974 shares in the company, valued at approximately $792,109.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP James P. Murphy sold 5,000 shares of the stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $181.30, for a total value of $906,500.00. Following the completion of the transaction, the vice president now owns 48,845 shares in the company, valued at approximately $8,855,598.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,000 shares of company stock worth $2,677,430. Company insiders own 0.74% of the company’s stock.

Costco Wholesale Corporation 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.

Institutional Ownership by Quarter for Costco Wholesale Corporation (NASDAQ:COST)

What are top analysts saying about Costco Wholesale Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Costco Wholesale Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit