Boston Advisors LLC Purchases 17,962 Shares of Costco Wholesale Corporation (COST)
Boston Advisors LLC boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 430.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,139 shares of the retailer’s stock after buying an additional 17,962 shares during the period. Boston Advisors LLC’s holdings in Costco Wholesale Corporation were worth $3,541,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Delta Asset Management LLC TN increased its stake in Costco Wholesale Corporation 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 in the last quarter. Mercer Capital Advisers Inc. increased its stake in Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after buying an additional 201 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in Costco Wholesale Corporation during the second quarter worth $107,000. Mosaic Family Wealth LLC increased its stake in Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after buying an additional 100 shares in the last quarter. Finally, CKW Financial Group increased its stake in Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after buying an additional 200 shares in the last quarter. 73.91% of the stock is owned by institutional investors.
Shares of Costco Wholesale Corporation (NASDAQ COST) traded up 0.95% during midday trading on Friday, reaching $152.77. The company had a trading volume of 4,061,062 shares. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The company’s 50-day moving average is $155.16 and its 200-day moving average is $167.12. The stock has a market capitalization of $67.00 billion, a PE ratio of 26.52 and a beta of 0.93. Costco Wholesale Corporation also saw unusually large options trading on Thursday. Stock traders acquired 20,702 call options on the company. This is an increase of approximately 169% compared to the average daily volume of 7,689 call options.
Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 20.45% and a net margin of 2.06%. Costco Wholesale Corporation’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 EPS. On average, equities research analysts forecast that Costco Wholesale Corporation will post $5.77 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be issued a $0.50 dividend. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, August 16th. This represents a $2.00 dividend on an annualized basis and a yield of 1.32%. Costco Wholesale Corporation’s dividend payout ratio is presently 34.66%.
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A number of analysts have weighed in on COST shares. Vetr raised shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 target price for the company in a research report on Monday. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Costco Wholesale Corporation in a research report on Thursday. Robert W. Baird reissued an “outperform” rating and set a $200.00 target price on shares of Costco Wholesale Corporation in a research report on Tuesday, May 30th. Barclays PLC reissued an “overweight” rating and set a $190.00 target price (up previously from $185.00) on shares of Costco Wholesale Corporation in a research report on Sunday, May 28th. Finally, BidaskClub downgraded shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $179.56.
In other Costco Wholesale Corporation news, VP James P. Murphy sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $181.30, for a total transaction of $906,500.00. Following the completion of the sale, the vice president now directly owns 48,845 shares in the company, valued at approximately $8,855,598.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total value of $159,250.00. Following the sale, the director now owns 4,974 shares of the company’s stock, valued at $792,109.50. The disclosure for this sale can be found here. Insiders sold a total of 15,000 shares of company stock valued at $2,677,430 in the last ninety days. 0.74% of the stock is currently owned by insiders.
Costco Wholesale Corporation Company 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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