Costco Wholesale Co. (COST) Position Trimmed by Blair William & Co. IL

Blair William & Co. IL reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 0.4% during the third quarter, HoldingsChannel.com reports. The firm owned 296,326 shares of the retailer’s stock after selling 1,163 shares during the period. Blair William & Co. IL’s holdings in Costco Wholesale were worth $69,601,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. MUFG Securities EMEA plc purchased a new position in shares of Costco Wholesale during the second quarter worth approximately $103,000. Parkside Investments LLC purchased a new position in shares of Costco Wholesale during the third quarter worth approximately $105,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Costco Wholesale during the second quarter worth approximately $119,000. Lee Financial Co increased its position in shares of Costco Wholesale by 63.7% during the third quarter. Lee Financial Co now owns 555 shares of the retailer’s stock worth $130,000 after acquiring an additional 216 shares during the period. Finally, Capital Advisors Ltd. LLC increased its position in shares of Costco Wholesale by 180.0% during the third quarter. Capital Advisors Ltd. LLC now owns 560 shares of the retailer’s stock worth $132,000 after acquiring an additional 360 shares during the period. 71.82% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on COST shares. Oppenheimer raised their target price on shares of Costco Wholesale from $210.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 21st. Wells Fargo & Co lowered shares of Costco Wholesale from an “outperform” rating to a “market perform” rating and set a $235.00 target price on the stock. in a research report on Friday, September 14th. Loop Capital set a $265.00 price objective on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Thursday, September 6th. Royal Bank of Canada dropped their price objective on shares of Costco Wholesale from $255.00 to $253.00 and set an “outperform” rating on the stock in a research note on Friday, October 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Costco Wholesale from $227.00 to $255.00 and gave the company an “overweight” rating in a research note on Monday, September 17th. Eight equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Costco Wholesale currently has a consensus rating of “Buy” and a consensus target price of $237.94.

In other Costco Wholesale news, Director Richard M. Libenson sold 2,049 shares of the firm’s stock in a transaction that occurred on Thursday, October 25th. The shares were sold at an average price of $224.00, for a total value of $458,976.00. Following the completion of the sale, the director now directly owns 3,049 shares in the company, valued at $682,976. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $233.14, for a total transaction of $699,420.00. Following the completion of the sale, the director now owns 8,654 shares of the company’s stock, valued at $2,017,593.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,312 shares of company stock valued at $14,547,272. 0.74% of the stock is owned by insiders.

NASDAQ COST opened at $231.28 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.46 and a current ratio of 1.02. Costco Wholesale Co. has a 52-week low of $173.54 and a 52-week high of $245.16. The company has a market cap of $101.23 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, October 4th. The retailer reported $2.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.02. The company had revenue of $44.41 billion during the quarter, compared to the consensus estimate of $44.17 billion. Costco Wholesale had a net margin of 2.21% and a return on equity of 24.67%. Costco Wholesale’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $2.08 earnings per share. On average, equities analysts predict that Costco Wholesale Co. will post 7.71 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Friday, November 9th were paid a $0.57 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $2.28 annualized dividend and a yield of 0.99%. Costco Wholesale’s dividend payout ratio (DPR) is 33.38%.

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Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).

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

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