W.G. Shaheen & Associates DBA Whitney & Co increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,625 shares of the retailer’s stock after purchasing an additional 670 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Costco Wholesale were worth $2,819,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Delta Asset Management LLC TN raised its holdings in shares of Costco Wholesale by 11.6% in the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after purchasing an additional 65 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $101,000. Northwest Investment Counselors LLC bought a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $107,000. Mercer Capital Advisers Inc. raised its stake in shares of Costco Wholesale by 3.5% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after acquiring an additional 23 shares in the last quarter. Finally, Ledyard National Bank raised its stake in shares of Costco Wholesale by 19.1% during the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after acquiring an additional 130 shares in the last quarter. 71.49% of the stock is owned by hedge funds and other institutional investors.
In other news, Director John W. Meisenbach sold 3,000 shares of Costco Wholesale stock in a transaction 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 owns 8,654 shares of the company’s stock, valued at approximately $1,585,932.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Dennis R. Zook sold 5,000 shares of Costco Wholesale stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $161.92, for a total value of $809,600.00. Following the transaction, the vice president now directly owns 626 shares of the company’s stock, valued at approximately $101,361.92. The disclosure for this sale can be found here. Insiders have sold a total of 32,842 shares of company stock valued at $5,520,848 in the last ninety days. Corporate insiders own 0.74% of the company’s stock.
Shares of Costco Wholesale Co. (COST) traded down $0.60 during midday trading on Wednesday, hitting $187.22. 3,563,712 shares of the company’s stock traded hands, compared to its average volume of 3,108,294. The stock has a market cap of $82,835.75, a price-to-earnings ratio of 32.57, a P/E/G ratio of 3.02 and a beta of 0.98. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $191.22. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59.
Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping the consensus estimate of $2.02 by $0.06. The company had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. The business’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.77 EPS. equities research analysts forecast that Costco Wholesale Co. will post 6.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, November 16th. Costco Wholesale’s dividend payout ratio (DPR) is presently 32.89%.
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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.
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