Unigestion Holding SA reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 15.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,280 shares of the retailer’s stock after selling 14,870 shares during the period. Unigestion Holding SA’s holdings in Costco Wholesale were worth $23,130,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC acquired a new position in shares of Costco Wholesale in the second quarter worth approximately $26,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Costco Wholesale in the second quarter worth approximately $27,000. Horan Capital Advisors LLC. acquired a new position in shares of Costco Wholesale in the third quarter worth approximately $31,000. Cerebellum GP LLC acquired a new position in shares of Costco Wholesale in the third quarter worth approximately $32,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in shares of Costco Wholesale by 164.3% in the third quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 111 shares of the retailer’s stock worth $32,000 after acquiring an additional 69 shares during the period. Institutional investors own 71.16% of the company’s stock.
COST traded down $2.59 during trading on Friday, hitting $302.62. The company’s stock had a trading volume of 1,501,387 shares, compared to its average volume of 1,980,942. Costco Wholesale Co. has a twelve month low of $189.51 and a twelve month high of $307.34. The company has a quick ratio of 0.52, a current ratio of 1.01 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average price is $294.51 and its 200-day moving average price is $273.52. The firm has a market capitalization of $131.54 billion, a P/E ratio of 36.95, a PEG ratio of 4.09 and a beta of 0.93.
Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, October 3rd. The retailer reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.15. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The company had revenue of $47.50 billion for the quarter, compared to analyst estimates of $47.71 billion. During the same period in the prior year, the firm earned $2.36 earnings per share. Costco Wholesale’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts expect that Costco Wholesale Co. will post 8.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, October 31st. Costco Wholesale’s payout ratio is 31.75%.
In other news, VP Joseph P. Portera sold 14,095 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $299.52, for a total transaction of $4,221,734.40. Following the transaction, the vice president now directly owns 6,211 shares of the company’s stock, valued at $1,860,318.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Decker sold 333 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $297.50, for a total value of $99,067.50. Following the transaction, the director now directly owns 41,470 shares in the company, valued at $12,337,325. The disclosure for this sale can be found here. Insiders have sold 33,093 shares of company stock worth $9,915,511 over the last ninety days. 0.21% of the stock is owned by insiders.
A number of equities analysts recently commented on COST shares. Guggenheim reaffirmed a “hold” rating on shares of Costco Wholesale in a research note on Thursday, October 10th. Goldman Sachs Group started coverage on Costco Wholesale in a research note on Thursday, July 11th. They issued a “buy” rating and a $290.00 price objective on the stock. Morgan Stanley lifted their price objective on Costco Wholesale from $230.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Friday, October 4th. They noted that the move was a valuation call. Loop Capital lifted their price objective on Costco Wholesale to $330.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, Evercore ISI reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Sunday, August 11th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Costco Wholesale currently has an average rating of “Buy” and an average price target of $295.57.
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.
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