921 Shares in Costco Wholesale Co. (COST) Acquired by Strategy Asset Managers LLC

Strategy Asset Managers LLC acquired a new position in Costco Wholesale Co. (NASDAQ:COST) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 921 shares of the retailer’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Costco Wholesale by 18.1% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,817 shares of the retailer’s stock worth $1,634,000 after purchasing an additional 1,200 shares during the last quarter. Cobiz Wealth LLC grew its stake in shares of Costco Wholesale by 1.0% in the second quarter. Cobiz Wealth LLC now owns 37,117 shares of the retailer’s stock worth $7,757,000 after purchasing an additional 369 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Costco Wholesale by 24.9% in the second quarter. State of Alaska Department of Revenue now owns 68,124 shares of the retailer’s stock worth $14,234,000 after purchasing an additional 13,590 shares during the last quarter. Private Asset Management Inc. grew its stake in shares of Costco Wholesale by 2.0% in the second quarter. Private Asset Management Inc. now owns 63,743 shares of the retailer’s stock worth $12,011,000 after purchasing an additional 1,228 shares during the last quarter. Finally, Trust Co. of Vermont grew its stake in shares of Costco Wholesale by 2.3% in the second quarter. Trust Co. of Vermont now owns 41,729 shares of the retailer’s stock worth $8,721,000 after purchasing an additional 945 shares during the last quarter. Hedge funds and other institutional investors own 71.65% of the company’s stock.

Costco Wholesale stock opened at $236.71 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.46 and a debt-to-equity ratio of 0.50. The company has a market cap of $100.86 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 2.94 and a beta of 0.91. Costco Wholesale Co. has a fifty-two week low of $164.60 and a fifty-two week high of $245.16.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data 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. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.21%. The business had revenue of $44.41 billion for the quarter, compared to analysts’ expectations of $44.17 billion. During the same period in the previous year, the firm posted $2.08 EPS. The business’s revenue was up 5.0% on a year-over-year basis. As a group, analysts forecast that Costco Wholesale Co. will post 7.7 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Friday, November 9th will be given a $0.57 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.96%. Costco Wholesale’s dividend payout ratio is currently 33.38%.

In other news, VP Richard A. Galanti sold 4,163 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $227.23, for a total value of $945,958.49. Following the sale, the vice president now directly owns 32,270 shares of the company’s stock, valued at approximately $7,332,712.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Franz E. Lazarus sold 23,000 shares of the business’s stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $226.76, for a total value of $5,215,480.00. Following the completion of the sale, the vice president now directly owns 6,830 shares in the company, valued at $1,548,770.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 64,312 shares of company stock worth $14,547,272. Insiders own 0.58% of the company’s stock.

Several research firms recently issued reports on COST. Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $270.00 target price on the stock in a research note on Tuesday, September 11th. BMO Capital Markets set a $260.00 target price on Costco Wholesale and gave the stock a “buy” rating in a research note on Monday, September 10th. Raymond James raised their target price on Costco Wholesale from $225.00 to $252.00 and gave the stock an “outperform” rating in a research note on Monday, September 10th. Wells Fargo & Co cut Costco Wholesale from an “outperform” rating to a “market perform” rating and set a $235.00 target price on the stock. in a research note on Friday, September 14th. Finally, Loop Capital set a $265.00 target price on Costco Wholesale and gave the stock a “buy” rating in a research note on Thursday, September 6th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Costco Wholesale currently has a consensus rating of “Buy” and an average price target of $237.94.

WARNING: This piece of content was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/11/07/921-shares-in-costco-wholesale-co-cost-acquired-by-strategy-asset-managers-llc.html.

Costco Wholesale Company 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.

Featured Article: Technical Analysis of Stocks and What It Means

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)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply