Kingfisher Capital LLC Has $1.07 Million Holdings in Costco Wholesale Co. (COST)
Kingfisher Capital LLC lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,679 shares of the retailer’s stock after selling 15 shares during the quarter. Kingfisher Capital LLC’s holdings in Costco Wholesale were worth $1,068,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Piedmont Investment Advisors LLC boosted its holdings in shares of Costco Wholesale by 0.9% in the second quarter. Piedmont Investment Advisors LLC now owns 93,344 shares of the retailer’s stock valued at $14,929,000 after acquiring an additional 836 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Costco Wholesale by 6.8% in the second quarter. Sterling Capital Management LLC now owns 9,099 shares of the retailer’s stock valued at $1,455,000 after acquiring an additional 583 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Costco Wholesale in the second quarter valued at approximately $639,000. BB&T Investment Services Inc. bought a new position in shares of Costco Wholesale in the second quarter valued at approximately $476,000. Finally, Martin & Co. Inc. TN boosted its holdings in shares of Costco Wholesale by 4.2% in the second quarter. Martin & Co. Inc. TN now owns 9,649 shares of the retailer’s stock valued at $1,543,000 after acquiring an additional 385 shares in the last quarter. Institutional investors own 71.49% of the company’s stock.
In related news, VP Richard A. Galanti sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $160.58, for a total value of $802,900.00. Following the completion of the transaction, the vice president now owns 41,396 shares of the company’s stock, valued at approximately $6,647,369.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $183.26, for a total transaction of $549,780.00. Following the completion of the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $1,585,932.04. The disclosure for this sale can be found here. Insiders sold a total of 32,842 shares of company stock valued at $5,520,848 in the last ninety days. Company insiders own 0.74% of the company’s stock.
Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the firm posted $1.77 earnings per share. equities research analysts predict that Costco Wholesale Co. will post 6.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Thursday, November 16th. Costco Wholesale’s dividend payout ratio is 32.89%.
Several research analysts have recently issued reports on the stock. Moffett Nathanson assumed coverage on shares of Costco Wholesale in a report on Monday. They issued a “buy” rating for the company. < J P Morgan Chase & Co reiterated a "buy" rating and issued a $200.00 price objective on shares of Costco Wholesale in a report on Monday. Vetr cut shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price objective for the company. in a report on Friday, December 1st. Oppenheimer reiterated a “buy” rating on shares of Costco Wholesale in a report on Thursday, November 30th. Finally, Stifel Nicolaus increased their price objective on shares of Costco Wholesale from $179.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have issued a buy rating to the stock. Costco Wholesale presently has an average rating of “Buy” and an average target price of $179.50.
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About Costco Wholesale
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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