Costco Wholesale Co. (COST) Shares Sold by Bank of New York Mellon Corp
Bank of New York Mellon Corp lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,633,847 shares of the retailer’s stock after selling 172,027 shares during the quarter. Bank of New York Mellon Corp’s holdings in Costco Wholesale were worth $1,234,692,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. bought a new stake in shares of Costco Wholesale in the second quarter worth $101,000. Wealthcare Advisory Partners LLC bought a new stake in Costco Wholesale during the third quarter worth $102,000. Jacobus Wealth Management Inc. bought a new stake in Costco Wholesale during the third quarter worth $103,000. Shamrock Asset Management LLC raised its position in Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after acquiring an additional 418 shares in the last quarter. Finally, Zions Bancorporation raised its position in Costco Wholesale by 148.4% during the third quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock worth $113,000 after acquiring an additional 411 shares in the last quarter. Institutional investors own 71.88% of the company’s stock.
Costco Wholesale Co. (COST) opened at $188.58 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.43. Costco Wholesale Co. has a one year low of $150.00 and a one year high of $199.88. The company has a market cap of $84,050.00, a PE ratio of 28.83, a P/E/G ratio of 3.03 and a beta of 0.97.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were paid a $0.50 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.06%. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.58%.
In related news, VP Timothy L. Rose sold 17,000 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $185.33, for a total value of $3,150,610.00. Following the transaction, the vice president now directly owns 34,903 shares in the company, valued at $6,468,572.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Timothy L. Rose sold 5,000 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $193.20, for a total transaction of $966,000.00. Following the completion of the transaction, the vice president now owns 52,529 shares in the company, valued at $10,148,602.80. The disclosure for this sale can be found here. Insiders sold 108,185 shares of company stock worth $20,583,577 over the last 90 days. 0.74% of the stock is currently owned by corporate insiders.
COST has been the topic of several analyst reports. Moffett Nathanson initiated coverage on shares of Costco Wholesale in a research report on Monday, December 4th. They set a “buy” rating on the stock. < Robert W. Baird reaffirmed a "buy" rating and set a $215.00 price target on shares of Costco Wholesale in a research report on Friday, December 15th. Susquehanna Bancshares upped their price target on shares of Costco Wholesale from $205.00 to $215.00 and gave the stock a "positive" rating in a research report on Friday, December 15th. Stifel Nicolaus reaffirmed a "buy" rating and set a $200.00 price target (up from $185.00) on shares of Costco Wholesale in a research report on Friday, December 15th. Finally, Vetr lowered shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price target on the stock. in a research report on Friday, December 1st. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $190.76.
TRADEMARK VIOLATION WARNING: This report was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.thecerbatgem.com/2018/03/11/costco-wholesale-co-cost-shares-sold-by-bank-of-new-york-mellon-corp.html.
Costco Wholesale 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.
Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.