Boston Common Asset Management LLC Has $6.60 Million Stake in Costco Wholesale Co. (COST)

Boston Common Asset Management LLC reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,096 shares of the retailer’s stock after selling 3,610 shares during the quarter. Boston Common Asset Management LLC’s holdings in Costco Wholesale were worth $6,599,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. MUFG Securities EMEA plc acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at approximately $103,000. Parkside Investments LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at approximately $105,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at approximately $119,000. Capital Advisors Ltd. LLC grew its position in shares of Costco Wholesale by 180.0% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 560 shares of the retailer’s stock valued at $132,000 after purchasing an additional 360 shares during the period. Finally, Legacy Advisors LLC grew its position in shares of Costco Wholesale by 632.9% in the 3rd quarter. Legacy Advisors LLC now owns 579 shares of the retailer’s stock valued at $136,000 after purchasing an additional 500 shares during the period. Institutional investors own 71.65% of the company’s stock.

In other news, insider W Craig Jelinek sold 22,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $223.52, for a total transaction of $5,029,200.00. Following the sale, the insider now owns 322,958 shares in the company, valued at approximately $72,187,572.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard M. Libenson sold 2,049 shares of the company’s stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $224.00, for a total value of $458,976.00. Following the sale, the director now owns 3,049 shares in the company, valued at approximately $682,976. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,312 shares of company stock worth $14,547,272. Company insiders own 0.58% of the company’s stock.

Several equities analysts recently issued reports on the company. BidaskClub upgraded Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 23rd. Wells Fargo & Co boosted their price objective on Costco Wholesale from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, July 12th. Cowen reiterated a “buy” rating and issued a $240.00 price objective on shares of Costco Wholesale in a research report on Friday, August 10th. Telsey Advisory Group boosted their price objective on Costco Wholesale from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Tuesday, August 7th. Finally, Loop Capital boosted their price objective on Costco Wholesale to $235.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $237.94.

NASDAQ COST opened at $236.71 on Wednesday. The company has a market capitalization of $100.86 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 2.94 and a beta of 0.91. The company has a current ratio of 1.02, a quick ratio of 0.46 and a debt-to-equity ratio of 0.50. Costco Wholesale Co. has a 52 week low of $164.60 and a 52 week high of $245.16.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, October 4th. The retailer reported $2.36 EPS 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 firm had revenue of $44.41 billion for the quarter, compared to analysts’ expectations of $44.17 billion. During the same quarter in the previous year, the business posted $2.08 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts expect that Costco Wholesale Co. will post 7.7 EPS for the current year.

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

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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.

Further Reading: How is Preferred Stock Different from Common Stock?

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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