Costco Wholesale Corp. (COST) Shares Bought by Bbva Compass Bancshares Inc.
Bbva Compass Bancshares Inc. raised its stake in Costco Wholesale Corp. (NASDAQ:COST) by 4.1% during the second quarter, Holdings Channel reports. The institutional investor owned 11,844 shares of the retailer’s stock after buying an additional 463 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Costco Wholesale Corp. were worth $1,860,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Ngam Advisors L.P. boosted its position in Costco Wholesale Corp. by 2.4% in the first quarter. Ngam Advisors L.P. now owns 47,336 shares of the retailer’s stock worth $7,459,000 after buying an additional 1,107 shares during the period. Parker Investment Management LLC purchased a new position in Costco Wholesale Corp. during the first quarter worth $615,000. Stratos Wealth Partners LTD. boosted its position in Costco Wholesale Corp. by 38.3% in the first quarter. Stratos Wealth Partners LTD. now owns 6,544 shares of the retailer’s stock worth $1,031,000 after buying an additional 1,813 shares during the period. Prudential Financial Inc. boosted its position in Costco Wholesale Corp. by 0.3% in the first quarter. Prudential Financial Inc. now owns 551,693 shares of the retailer’s stock worth $86,936,000 after buying an additional 1,620 shares during the period. Finally, Willingdon Wealth Management boosted its position in Costco Wholesale Corp. by 8.9% in the first quarter. Willingdon Wealth Management now owns 17,645 shares of the retailer’s stock worth $2,780,000 after buying an additional 1,447 shares during the period. Institutional investors and hedge funds own 73.11% of the company’s stock.
Shares of Costco Wholesale Corp. (NASDAQ:COST) traded up 0.10% on Friday, reaching $150.37. 1,114,084 shares of the company’s stock were exchanged. Costco Wholesale Corp. has a one year low of $138.57 and a one year high of $169.73. The firm has a 50 day moving average of $153.52 and a 200 day moving average of $156.10. The firm has a market capitalization of $65.79 billion, a P/E ratio of 28.21 and a beta of 0.71.
Costco Wholesale Corp. (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 29th. The retailer reported $1.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.04. Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.26%. The business earned $35.73 billion during the quarter. During the same period in the previous year, the business posted $1.73 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts predict that Costco Wholesale Corp. will post $5.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Friday, November 4th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Wednesday, November 2nd. Costco Wholesale Corp.’s payout ratio is 33.71%.
A number of research analysts recently weighed in on COST shares. Argus restated a “buy” rating and set a $175.00 target price on shares of Costco Wholesale Corp. in a research note on Tuesday, October 4th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $171.00 price target on shares of Costco Wholesale Corp. in a report on Wednesday, July 6th. Zacks Investment Research downgraded shares of Costco Wholesale Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Jefferies Group reiterated a “hold” rating on shares of Costco Wholesale Corp. in a report on Monday, September 12th. Finally, Nomura reiterated a “buy” rating and issued a $185.00 price target on shares of Costco Wholesale Corp. in a report on Thursday, August 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $172.74.
In other news, VP Timothy L. Rose sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $151.12, for a total value of $604,480.00. Following the completion of the transaction, the vice president now owns 51,045 shares of the company’s stock, valued at $7,713,920.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jill S. Ruckelshaus sold 7,442 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $167.10, for a total transaction of $1,243,558.20. Following the completion of the transaction, the director now directly owns 18,566 shares of the company’s stock, valued at approximately $3,102,378.60. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.
About Costco Wholesale Corp.
Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.
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