BKD Wealth Advisors LLC Has $215,000 Position in Costco Wholesale Corporation (COST)
BKD Wealth Advisors LLC increased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 7.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,342 shares of the retailer’s stock after acquiring an additional 88 shares during the period. BKD Wealth Advisors LLC’s holdings in Costco Wholesale Corporation were worth $215,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its holdings in Costco Wholesale Corporation by 4.1% during the first quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock worth $544,809,000 after acquiring an additional 129,106 shares in the last quarter. Main Street Research LLC raised its holdings in Costco Wholesale Corporation by 4.9% during the first quarter. Main Street Research LLC now owns 64,704 shares of the retailer’s stock worth $10,850,000 after acquiring an additional 3,023 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Costco Wholesale Corporation by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock worth $1,048,798,000 after acquiring an additional 79,201 shares in the last quarter. Swiss National Bank raised its holdings in Costco Wholesale Corporation by 26.2% during the first quarter. Swiss National Bank now owns 1,597,008 shares of the retailer’s stock worth $267,802,000 after acquiring an additional 331,400 shares in the last quarter. Finally, Stephens Inc. AR raised its holdings in Costco Wholesale Corporation by 3.1% during the first quarter. Stephens Inc. AR now owns 44,405 shares of the retailer’s stock worth $7,446,000 after acquiring an additional 1,350 shares in the last quarter. Institutional investors and hedge funds own 72.50% of the company’s stock.
Costco Wholesale Corporation (NASDAQ COST) traded down 0.04% during midday trading on Friday, reaching $162.30. The company’s stock had a trading volume of 3,757,799 shares. The stock has a 50-day moving average price of $157.60 and a 200 day moving average price of $165.44. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. The company has a market cap of $71.18 billion, a PE ratio of 28.18 and a beta of 0.93. Costco Wholesale Corporation also was the target of some unusual options trading activity on Thursday. Stock 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.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. This is a positive change from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, August 16th. Costco Wholesale Corporation’s payout ratio is currently 34.66%.
In other news, Director John W. Meisenbach sold 1,000 shares of the business’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 transaction, the director now directly owns 4,974 shares in the company, valued at approximately $792,109.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 3,000 shares of company stock valued at $477,120 over the last quarter. 0.74% of the stock is owned by company insiders.
Several research firms recently issued reports on COST. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, June 26th. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale Corporation in a report on Friday, June 2nd. BidaskClub upgraded Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a report on Tuesday, September 12th. Finally, BMO Capital Markets set a $195.00 price target on Costco Wholesale Corporation and gave the stock a “buy” rating in a research report on Friday, May 26th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Costco Wholesale Corporation presently has an average rating of “Buy” and a consensus target price of $179.23.
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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