Almanack Investment Partners LLC. Buys Shares of 634 Costco Wholesale Corporation (COST)
Almanack Investment Partners LLC. bought a new stake in shares of Costco Wholesale Corporation (NASDAQ:COST) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 634 shares of the retailer’s stock, valued at approximately $101,000.
Other institutional investors have also recently bought and sold shares of the company. Delta Asset Management LLC TN raised its holdings in Costco Wholesale Corporation by 11.6% in the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after acquiring an additional 65 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Costco Wholesale Corporation in the 2nd quarter valued at approximately $107,000. Mercer Capital Advisers Inc. raised its holdings in Costco Wholesale Corporation by 3.5% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after acquiring an additional 23 shares in the last quarter. Ledyard National Bank raised its holdings in Costco Wholesale Corporation by 19.1% in the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after acquiring an additional 130 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Costco Wholesale Corporation by 142.1% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock valued at $154,000 after acquiring an additional 540 shares in the last quarter. 72.57% of the stock is owned by hedge funds and other institutional investors.
Costco Wholesale Corporation (NASDAQ:COST) opened at $171.36 on Friday. Costco Wholesale Corporation has a 12-month low of $145.38 and a 12-month high of $183.18. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.43. The stock has a market capitalization of $73,899.31, a price-to-earnings ratio of 29.06, a PEG ratio of 2.70 and a beta of 0.93.
Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The business had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. During the same period last year, the company earned $1.77 EPS. The firm’s revenue was up 15.7% on a year-over-year basis. research analysts anticipate that Costco Wholesale Corporation will post 6.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a $0.50 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.17%. Costco Wholesale Corporation’s dividend payout ratio is currently 32.89%.
In other Costco Wholesale Corporation news, VP Paul G. Moulton sold 4,381 shares of Costco Wholesale Corporation stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $168.16, for a total transaction of $736,708.96. Following the transaction, the vice president now directly owns 52,858 shares in the company, valued at $8,888,601.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Dennis R. Zook sold 5,000 shares of Costco Wholesale Corporation stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $161.92, for a total value of $809,600.00. Following the transaction, the vice president now owns 626 shares in the company, valued at $101,361.92. The disclosure for this sale can be found here. Insiders sold a total of 19,731 shares of company stock worth $3,214,389 over the last 90 days. 0.74% of the stock is owned by corporate insiders.
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Several equities analysts have commented on the company. Cowen and Company reaffirmed an “outperform” rating on shares of Costco Wholesale Corporation in a report on Monday, July 24th. Stifel Nicolaus set a $173.00 price target on Costco Wholesale Corporation and gave the company a “buy” rating in a report on Thursday, August 3rd. Wells Fargo & Company reissued a “hold” rating on shares of Costco Wholesale Corporation in a report on Thursday, August 3rd. Vetr cut Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating and set a $183.04 target price for the company. in a report on Wednesday, September 27th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $185.00 target price on shares of Costco Wholesale Corporation in a report on Thursday, August 31st. Twelve analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $178.34.
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.
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