Costco Wholesale Corporation (COST) Shares Sold by Parkwood LLC
Parkwood LLC lowered its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 9.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,586 shares of the retailer’s stock after selling 170 shares during the period. Parkwood LLC’s holdings in Costco Wholesale Corporation were worth $266,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of COST. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Costco Wholesale Corporation by 16,842.4% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 247,359 shares of the retailer’s stock worth $247,000 after buying an additional 245,899 shares during the last quarter. Lyell Wealth Management LP purchased a new stake in Costco Wholesale Corporation during the fourth quarter worth approximately $2,710,000. First Allied Advisory Services Inc. increased its position in shares of Costco Wholesale Corporation by 6.7% in the fourth quarter. First Allied Advisory Services Inc. now owns 23,169 shares of the retailer’s stock worth $3,710,000 after buying an additional 1,451 shares during the period. Bluestein R H & Co. increased its position in shares of Costco Wholesale Corporation by 3.4% in the fourth quarter. Bluestein R H & Co. now owns 264,090 shares of the retailer’s stock worth $42,283,000 after buying an additional 8,695 shares during the period. Finally, Northwest Quadrant Wealth Management LLC bought a new position in shares of Costco Wholesale Corporation during the fourth quarter worth $540,000. Hedge funds and other institutional investors own 74.11% of the company’s stock.
Costco Wholesale Corporation (NASDAQ:COST) traded down 0.93% during trading on Friday, reaching $156.44. 3,117,059 shares of the company traded hands. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The firm has a 50-day moving average price of $158.29 and a 200-day moving average price of $168.02. The company has a market capitalization of $68.61 billion, a P/E ratio of 27.16 and a beta of 0.93. Costco Wholesale Corporation also saw unusually large options trading activity on Thursday. Traders acquired 6,031 put options on the company. This represents an increase of 231% compared to the average daily volume of 1,822 put options.
Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings data on Thursday, May 25th. The retailer reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.09. The company had revenue of $28.86 billion during the quarter, compared to analysts’ expectations of $28.57 billion. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 earnings per share. Analysts forecast that Costco Wholesale Corporation will post $5.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a dividend of $0.50 per share. This is a positive change from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. Costco Wholesale Corporation’s dividend payout ratio is presently 34.66%.
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COST has been the topic of a number of research analyst reports. Vetr downgraded shares of Costco Wholesale Corporation from a “buy” rating to a “sell” rating and set a $158.38 price objective on the stock. in a research report on Monday, June 19th. Robert W. Baird restated an “outperform” rating and set a $200.00 price objective on shares of Costco Wholesale Corporation in a research report on Tuesday, May 30th. Barclays PLC restated an “overweight” rating and set a $190.00 price objective (up previously from $185.00) on shares of Costco Wholesale Corporation in a research report on Sunday, May 28th. BidaskClub downgraded shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Wells Fargo & Company restated a “hold” rating on shares of Costco Wholesale Corporation in a research report on Thursday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $179.11.
In other news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total transaction of $159,250.00. Following the completion of the sale, the director now owns 4,974 shares of the company’s stock, valued at $792,109.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John D. Mckay sold 3,000 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $181.60, for a total transaction of $544,800.00. Following the sale, the insider now directly owns 62,607 shares of the company’s stock, valued at approximately $11,369,431.20. The disclosure for this sale can be found here. Insiders have sold 15,000 shares of company stock valued at $2,677,430 in the last ninety days. Insiders own 0.74% of the company’s stock.
About Costco Wholesale Corporation
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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