Trust Co. of Vermont Acquires 1,257 Shares of Costco Wholesale Corporation (COST)
Trust Co. of Vermont lifted its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 3.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 36,058 shares of the retailer’s stock after acquiring an additional 1,257 shares during the quarter. Trust Co. of Vermont’s holdings in Costco Wholesale Corporation were worth $5,767,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in shares of Costco Wholesale Corporation in the 2nd quarter worth approximately $107,000. Mercer Capital Advisers Inc. lifted its holdings in shares of Costco Wholesale Corporation by 43.4% in the 1st quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after acquiring an additional 201 shares during the last quarter. Mosaic Family Wealth LLC lifted its holdings in shares of Costco Wholesale Corporation by 16.7% in the 1st quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after acquiring an additional 100 shares during the last quarter. CKW Financial Group lifted its holdings in shares of Costco Wholesale Corporation by 33.1% in the 1st quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after acquiring an additional 200 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of 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 worth $154,000 after acquiring an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 72.35% of the company’s stock.
Shares of Costco Wholesale Corporation (COST) traded up 0.60% during trading on Monday, reaching $162.25. 739,479 shares of the company were exchanged. The firm has a market capitalization of $71.16 billion, a P/E ratio of 28.17 and a beta of 0.93. The firm’s 50 day moving average is $157.91 and its 200 day moving average is $165.08. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.24%. This is a positive change from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. Costco Wholesale Corporation’s dividend payout ratio (DPR) is currently 34.66%.
A number of equities research analysts have recently weighed in on the stock. Bank of America Corporation restated a “buy” rating and issued a $192.00 price objective (up from $180.00) on shares of Costco Wholesale Corporation in a report on Sunday, May 28th. Deutsche Bank AG set a $172.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “hold” rating in a report on Monday, July 31st. UBS AG upgraded shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, June 26th. BMO Capital Markets lowered shares of Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $185.00 to $160.00 in a report on Monday, July 10th. Finally, Robert W. Baird restated a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale Corporation in a report on Thursday, August 31st. Ten research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $179.37.
In other news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $160.28, for a total transaction of $160,280.00. Following the transaction, the director now owns 5,974 shares in the company, valued at $957,512.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 3,000 shares of company stock worth $477,120. Insiders own 0.74% of the company’s stock.
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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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