Neville Rodie & Shaw Inc. lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,325 shares of the retailer’s stock after selling 3,515 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Costco Wholesale were worth $4,653,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of COST. Delta Asset Management LLC TN increased its holdings in shares of Costco Wholesale by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after buying an additional 65 shares during the period. Almanack Investment Partners LLC. purchased a new position in shares of Costco Wholesale in the second quarter worth about $101,000. Northwest Investment Counselors LLC purchased a new position in shares of Costco Wholesale in the second quarter worth about $107,000. Mercer Capital Advisers Inc. increased its holdings in shares of Costco Wholesale by 3.5% in the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after buying an additional 23 shares during the period. Finally, Ledyard National Bank increased its holdings in Costco Wholesale by 19.1% during 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. 71.49% of the stock is owned by hedge funds and other institutional investors.
In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $183.26, for a total value of $549,780.00. Following the completion of the sale, the director now owns 8,654 shares in the company, valued at approximately $1,585,932.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Dennis R. Zook sold 5,000 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $161.92, for a total value of $809,600.00. Following the completion of the sale, the vice president now owns 626 shares of the company’s stock, valued at approximately $101,361.92. The disclosure for this sale can be found here. Insiders sold a total of 32,842 shares of company stock valued at $5,520,848 in the last quarter. 0.74% of the stock is currently owned by company insiders.
A number of research analysts recently issued reports on the company. Vetr downgraded Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price target on the stock. in a report on Friday, December 1st. Moffett Nathanson started coverage on Costco Wholesale in a report on Monday, December 4th. They set a “buy” rating on the stock. < Guggenheim reiterated a "neutral" rating on shares of Costco Wholesale in a report on Thursday, October 5th. Stifel Nicolaus upped their target price on Costco Wholesale from $179.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, November 30th. Finally, BMO Capital Markets set a $160.00 target price on Costco Wholesale and gave the stock a "hold" rating in a report on Saturday, October 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have assigned a buy rating to the stock. Costco Wholesale presently has a consensus rating of "Buy" and an average target price of $179.50.
Costco Wholesale Co. (NASDAQ:COST) opened at $188.07 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.99. The firm has a market capitalization of $81,367.46, a price-to-earnings ratio of 31.99, a PEG ratio of 3.02 and a beta of 0.98. Costco Wholesale Co. has a twelve month low of $150.00 and a twelve month high of $191.22.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping the consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale had a return on equity of 22.21% and a net margin of 2.08%. Costco Wholesale’s revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 EPS. sell-side analysts predict that Costco Wholesale Co. will post 6.47 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. Costco Wholesale’s payout ratio is presently 32.89%.
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Costco Wholesale 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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