Costco Wholesale Corporation (COST) Shares Sold by Capital One National Association
Capital One National Association decreased its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,311 shares of the retailer’s stock after selling 2,125 shares during the quarter. Capital One National Association’s holdings in Costco Wholesale Corporation were worth $5,328,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Mercer Capital Advisers Inc. raised its position in Costco Wholesale Corporation by 43.4% in the 1st quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock valued at $111,000 after purchasing an additional 201 shares during the last quarter. Mosaic Family Wealth LLC raised its position in Costco Wholesale Corporation by 16.7% in the 1st quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock valued at $117,000 after purchasing an additional 100 shares during the last quarter. CKW Financial Group raised its position in Costco Wholesale Corporation by 33.1% in the 1st quarter. CKW Financial Group now owns 804 shares of the retailer’s stock valued at $135,000 after purchasing an additional 200 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Costco Wholesale Corporation by 142.1% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock valued at $154,000 after purchasing an additional 540 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its position in Costco Wholesale Corporation by 67.3% in the 1st quarter. Proficio Capital Partners LLC now owns 927 shares of the retailer’s stock valued at $160,000 after purchasing an additional 373 shares during the last quarter. Hedge funds and other institutional investors own 72.50% of the company’s stock.
In other news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $160.28, for a total value of $160,280.00. Following the completion of the sale, the director now directly owns 5,974 shares in the company, valued at approximately $957,512.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 3,000 shares of company stock valued at $477,120. 0.74% of the stock is currently owned by company insiders.
Shares of Costco Wholesale Corporation (COST) traded down 0.04% during mid-day trading on Friday, hitting $162.30. The stock had a trading volume of 3,757,799 shares. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The firm’s 50 day moving average price is $157.60 and its 200 day moving average price is $165.44. The company has a market cap of $71.18 billion, a P/E ratio of 28.18 and a beta of 0.93. Costco Wholesale Corporation also saw some unusual options trading on Thursday. Stock investors bought 6,031 put options on the stock. This represents an increase of 231% compared to the typical volume of 1,822 put options.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were paid a $0.50 dividend. The ex-dividend date was Wednesday, August 16th. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.23%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is currently 34.66%.
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A number of equities research analysts have recently weighed in on COST shares. Bank of America Corporation restated a “buy” rating and set a $192.00 target price (up previously from $180.00) on shares of Costco Wholesale Corporation in a research report on Sunday, May 28th. Deutsche Bank AG set a $172.00 target price on Costco Wholesale Corporation and gave the stock a “hold” rating in a research report on Monday, July 31st. Wells Fargo & Company restated a “hold” rating on shares of Costco Wholesale Corporation in a research report on Friday, May 26th. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, June 26th. Finally, BMO Capital Markets downgraded Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $185.00 to $160.00 in a research report on Monday, July 10th. Ten equities research 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 stock. The company currently has a consensus rating of “Buy” and a consensus price target of $179.23.
Costco Wholesale Corporation 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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