Sound View Wealth Advisors Group LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 59.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,349 shares of the retailer’s stock after purchasing an additional 501 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Costco Wholesale were worth $409,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Costco Wholesale by 9.2% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,427 shares of the retailer’s stock valued at $4,399,000 after acquiring an additional 1,300 shares in the last quarter. Burns J W & Co. Inc. NY grew its stake in Costco Wholesale by 4.8% in the second quarter. Burns J W & Co. Inc. NY now owns 11,274 shares of the retailer’s stock worth $3,418,000 after purchasing an additional 513 shares in the last quarter. Colony Group LLC increased its holdings in Costco Wholesale by 14.3% in the first quarter. Colony Group LLC now owns 17,271 shares of the retailer’s stock valued at $4,925,000 after buying an additional 2,158 shares during the last quarter. Clarius Group LLC raised its stake in Costco Wholesale by 5.0% during the second quarter. Clarius Group LLC now owns 8,477 shares of the retailer’s stock valued at $2,570,000 after buying an additional 406 shares in the last quarter. Finally, First Allied Advisory Services Inc. raised its stake in Costco Wholesale by 7.8% during the first quarter. First Allied Advisory Services Inc. now owns 16,124 shares of the retailer’s stock valued at $4,597,000 after buying an additional 1,166 shares in the last quarter. 68.79% of the stock is currently owned by institutional investors.
Shares of COST traded down $1.68 during mid-day trading on Thursday, hitting $339.22. The company’s stock had a trading volume of 62,163 shares, compared to its average volume of 1,865,968. The firm has a 50-day moving average price of $326.68 and a 200 day moving average price of $309.69. The stock has a market capitalization of $150.45 billion, a price-to-earnings ratio of 40.72, a PEG ratio of 4.75 and a beta of 0.69. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.11 and a quick ratio of 0.63. Costco Wholesale Co. has a fifty-two week low of $271.28 and a fifty-two week high of $345.12.
Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, May 28th. The retailer reported $1.89 EPS for the quarter, missing the consensus estimate of $1.92 by ($0.03). The business had revenue of $36.45 billion for the quarter, compared to analyst estimates of $36.66 billion. Costco Wholesale had a net margin of 2.31% and a return on equity of 22.60%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.89 earnings per share. As a group, equities analysts anticipate that Costco Wholesale Co. will post 8.54 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, July 30th. Costco Wholesale’s dividend payout ratio (DPR) is presently 34.19%.
In other news, Director Susan L. Decker sold 1,995 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $312.00, for a total value of $622,440.00. Following the completion of the sale, the director now owns 30,587 shares of the company’s stock, valued at $9,543,144. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Patrick J. Callans sold 2,500 shares of Costco Wholesale stock in a transaction on Friday, June 5th. The shares were sold at an average price of $309.22, for a total value of $773,050.00. Following the transaction, the vice president now owns 55,114 shares in the company, valued at approximately $17,042,351.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,630 shares of company stock valued at $11,304,929. 0.22% of the stock is currently owned by company insiders.
A number of equities research analysts have recently weighed in on the company. Guggenheim reiterated a “hold” rating on shares of Costco Wholesale in a report on Monday, June 29th. MKM Partners initiated coverage on shares of Costco Wholesale in a report on Wednesday, July 29th. They set a “neutral” rating and a $320.00 target price on the stock. Atlantic Securities began coverage on shares of Costco Wholesale in a report on Monday, July 13th. They issued an “overweight” rating and a $375.00 price target for the company. Morgan Stanley boosted their price objective on shares of Costco Wholesale from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Finally, TheStreet raised shares of Costco Wholesale from a “c” rating to a “b-” rating in a report on Monday, June 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $338.88.
Costco Wholesale Company Profile
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.
Recommended Story: How is a Moving Average Calculated?
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.