Costco Wholesale Co. (COST) Shares Sold by Fox Run Management L.L.C.
Fox Run Management L.L.C. lowered its stake in Costco Wholesale Co. (NASDAQ:COST) by 47.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,200 shares of the retailer’s stock after selling 2,000 shares during the period. Fox Run Management L.L.C.’s holdings in Costco Wholesale were worth $361,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of COST. Janus Henderson Group PLC boosted its position in Costco Wholesale by 3,005.9% in the second quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock valued at $668,630,000 after buying an additional 4,046,164 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of Costco Wholesale by 15,937.3% during the second quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock worth $9,058,000 after purchasing an additional 1,439,613 shares during the period. Capital World Investors lifted its holdings in shares of Costco Wholesale by 6.0% during the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after purchasing an additional 1,007,720 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Costco Wholesale by 2.9% during the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after purchasing an additional 937,121 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Costco Wholesale by 2.9% during the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after purchasing an additional 703,825 shares during the period. Hedge funds and other institutional investors own 71.49% of the company’s stock.
In other Costco Wholesale news, CFO Richard A. Galanti sold 3,000 shares of Costco Wholesale stock in a transaction on Friday, November 10th. The shares were sold at an average price of $170.95, for a total value of $512,850.00. Following the completion of the sale, the chief financial officer now directly owns 35,225 shares of the company’s stock, valued at $6,021,713.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard M. Libenson sold 2,350 shares of Costco Wholesale stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $162.00, for a total transaction of $380,700.00. Following the completion of the sale, the director now directly owns 4,109 shares of the company’s stock, valued at $665,658. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,842 shares of company stock valued at $5,520,848. Insiders own 0.74% of the company’s stock.
Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.02. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. The business had revenue of $31.81 billion during the quarter, compared to the consensus estimate of $31.01 billion. During the same quarter last year, the firm earned $1.24 earnings per share. Costco Wholesale’s quarterly revenue was up 13.2% on a year-over-year basis. analysts expect that Costco Wholesale Co. will post 6.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, November 16th. Costco Wholesale’s dividend payout ratio is presently 32.89%.
COST has been the topic of a number of recent research reports. Vetr upgraded shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating and set a $182.22 price target on the stock in a report on Monday, August 21st. Oppenheimer reiterated a “buy” rating on shares of Costco Wholesale in a report on Thursday, August 24th. Robert W. Baird reiterated a “buy” rating and set a $200.00 price target on shares of Costco Wholesale in a report on Friday, August 25th. Cowen reiterated an “outperform” rating and set a $182.00 price target (up previously from $180.00) on shares of Costco Wholesale in a report on Tuesday, August 29th. Finally, BMO Capital Markets set a $160.00 price target on shares of Costco Wholesale and gave the stock a “hold” rating in a report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $180.05.
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Costco Wholesale 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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