Auxier Asset Management cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,774 shares of the retailer’s stock after selling 300 shares during the period. Auxier Asset Management’s holdings in Costco Wholesale were worth $1,563,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in Costco Wholesale by 3,005.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock worth $668,630,000 after buying an additional 4,046,164 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in Costco Wholesale by 15,937.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock worth $9,058,000 after buying an additional 1,439,613 shares during the last quarter. Capital World Investors boosted its holdings in Costco Wholesale by 6.0% in the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after buying an additional 1,007,720 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Costco Wholesale by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after buying an additional 937,121 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in Costco Wholesale by 2.9% in the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after buying an additional 703,825 shares during the last quarter. Hedge funds and other institutional investors own 71.49% of the company’s stock.
Several equities research analysts recently issued reports on COST shares. TheStreet upgraded Costco Wholesale from a “c” rating to a “b” rating in a report on Monday, October 9th. Robert W. Baird reiterated a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale in a report on Friday, August 25th. Oppenheimer reiterated a “buy” rating on shares of Costco Wholesale in a report on Thursday, August 24th. Zacks Investment Research upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a report on Tuesday, September 12th. Finally, UBS reiterated a “buy” rating and issued a $190.00 price objective on shares of Costco Wholesale in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $179.50.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating the Thomson Reuters’ 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 net margin of 2.08% and a return on equity of 22.21%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.77 EPS. research analysts predict that Costco Wholesale Co. will post 6.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, November 16th. Costco Wholesale’s payout ratio is presently 32.89%.
In other news, Director Richard M. Libenson sold 2,350 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $162.00, for a total transaction of $380,700.00. Following the sale, the director now owns 4,109 shares of the company’s stock, valued at approximately $665,658. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $164.92, for a total transaction of $164,920.00. Following the sale, the director now directly owns 6,974 shares in the company, valued at approximately $1,150,152.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,842 shares of company stock worth $5,520,848. Corporate insiders own 0.74% of the company’s stock.
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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