Costco Wholesale Co. (NASDAQ:COST) Holdings Reduced by Natixis

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Natixis decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 86.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,925 shares of the retailer’s stock after selling 30,799 shares during the quarter. Natixis’ holdings in Costco Wholesale were worth $1,029,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of COST. Voya Investment Management LLC boosted its position in Costco Wholesale by 10.7% in the second quarter. Voya Investment Management LLC now owns 401,432 shares of the retailer’s stock valued at $83,891,000 after buying an additional 38,885 shares in the last quarter. Lido Advisors LLC boosted its position in Costco Wholesale by 12.2% in the second quarter. Lido Advisors LLC now owns 7,377 shares of the retailer’s stock valued at $1,541,000 after buying an additional 802 shares in the last quarter. Ensemble Capital Management LLC boosted its position in Costco Wholesale by 51.9% in the second quarter. Ensemble Capital Management LLC now owns 4,100 shares of the retailer’s stock valued at $857,000 after buying an additional 1,400 shares in the last quarter. CWH Capital Management Inc. boosted its position in Costco Wholesale by 24.8% in the second quarter. CWH Capital Management Inc. now owns 4,044 shares of the retailer’s stock valued at $845,000 after buying an additional 803 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its position in Costco Wholesale by 9.7% in the second quarter. First Republic Investment Management Inc. now owns 318,863 shares of the retailer’s stock valued at $66,637,000 after buying an additional 28,154 shares in the last quarter. Institutional investors and hedge funds own 71.49% of the company’s stock.

Shares of COST traded up $5.13 on Friday, reaching $226.95. 2,939,146 shares of the company’s stock were exchanged, compared to its average volume of 2,232,079. Costco Wholesale Co. has a 12 month low of $157.00 and a 12 month high of $245.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 0.47. The company has a market cap of $103.00 billion, a price-to-earnings ratio of 38.99, a price-to-earnings-growth ratio of 2.78 and a beta of 0.95.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, October 4th. The retailer reported $2.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.02. Costco Wholesale had a net margin of 2.16% and a return on equity of 24.67%. The firm had revenue of $44.41 billion during the quarter, compared to the consensus estimate of $44.17 billion. During the same quarter in the prior year, the firm earned $2.08 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, analysts expect that Costco Wholesale Co. will post 6.8 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, August 30th. Costco Wholesale’s payout ratio is presently 39.18%.

In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $218.65, for a total value of $655,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James P. Murphy sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $219.22, for a total transaction of $3,288,300.00. Following the completion of the sale, the vice president now directly owns 33,834 shares of the company’s stock, valued at approximately $7,417,089.48. The disclosure for this sale can be found here. Insiders sold 24,000 shares of company stock valued at $5,351,100 in the last ninety days. Insiders own 0.58% of the company’s stock.

COST has been the topic of a number of research reports. Oppenheimer upped their target price on shares of Costco Wholesale from $210.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 21st. Wells Fargo & Co lowered shares of Costco Wholesale from an “outperform” rating to a “market perform” rating and set a $235.00 target price on the stock. in a research report on Friday, September 14th. Loop Capital set a $265.00 target price on shares of Costco Wholesale and gave the stock a “buy” rating in a research report on Thursday, September 6th. Royal Bank of Canada reduced their target price on shares of Costco Wholesale from $255.00 to $253.00 and set an “outperform” rating on the stock in a research report on Friday, October 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Costco Wholesale from $227.00 to $255.00 and gave the stock an “overweight” rating in a research report on Monday, September 17th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Costco Wholesale currently has a consensus rating of “Buy” and an average target price of $237.94.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

Further Reading: Understanding Stock Ratings

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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