Courier Capital LLC Buys 441 Shares of Costco Wholesale Corporation (COST)
Courier Capital LLC increased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,206 shares of the retailer’s stock after buying an additional 441 shares during the quarter. Courier Capital LLC’s holdings in Costco Wholesale Corporation were worth $1,952,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in COST. Delta Asset Management LLC TN grew its stake 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 purchasing an additional 65 shares during the period. Almanack Investment Partners LLC. bought a new position in Costco Wholesale Corporation in the 2nd quarter valued at $101,000. Northwest Investment Counselors LLC bought a new position in Costco Wholesale Corporation in the 2nd quarter valued at $107,000. Mercer Capital Advisers Inc. grew its stake 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 purchasing an additional 23 shares during the period. Finally, Ledyard National Bank grew its stake 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 purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 72.76% of the company’s stock.
In other news, CFO Richard A. Galanti sold 3,000 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $170.95, for a total transaction of $512,850.00. Following the transaction, the chief financial officer now directly owns 35,225 shares in the company, valued at approximately $6,021,713.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $157.59, for a total value of $157,590.00. Following the transaction, the director now owns 6,974 shares in the company, valued at $1,099,032.66. The disclosure for this sale can be found here. Insiders have sold a total of 22,731 shares of company stock worth $3,727,239 over the last quarter. Corporate insiders own 0.74% of the company’s stock.
Costco Wholesale Corporation (COST) opened at $171.46 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $74,882.54, a PE ratio of 29.44, a PEG ratio of 2.74 and a beta of 0.93. Costco Wholesale Corporation has a 1 year low of $149.50 and a 1 year high of $183.18.
Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating the 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 Corporation had a return on equity of 22.21% and a net margin of 2.08%. The company’s revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.77 EPS. sell-side analysts anticipate that Costco Wholesale Corporation will post 6.45 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a dividend of $0.50 per share. 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 (DPR) is presently 32.89%.
A number of research analysts have issued reports on the company. Wells Fargo & Company set a $170.00 price objective on Costco Wholesale Corporation and gave the company a “hold” rating in a research note on Thursday, October 5th. Deutsche Bank AG set a $155.00 price objective on Costco Wholesale Corporation and gave the company a “hold” rating in a research note on Friday, October 6th. Citigroup Inc. upped their price objective on Costco Wholesale Corporation from $155.00 to $187.00 and gave the company a “hold” rating in a research note on Friday, October 6th. Oppenheimer Holdings, Inc. set a $185.00 price objective on Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Friday, October 6th. Finally, Morgan Stanley downgraded Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $190.00 to $165.00 in a research note on Friday, October 6th. Twelve research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Costco Wholesale Corporation currently has a consensus rating of “Buy” and an average target price of $178.34.
Costco Wholesale Corporation 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.
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 Corporation (NASDAQ:COST).
Receive News & Ratings for Costco Wholesale Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Corporation and related companies with MarketBeat.com's FREE daily email newsletter.