WINTON GROUP Ltd Trims Holdings in Costco Wholesale Co. (COST)
WINTON GROUP Ltd cut its stake in Costco Wholesale Co. (NASDAQ:COST) by 90.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,965 shares of the retailer’s stock after selling 26,662 shares during the period. WINTON GROUP Ltd’s holdings in Costco Wholesale were worth $474,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Delta Asset Management LLC TN raised its stake 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 buying an additional 65 shares in the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at $101,000. Northwest Investment Counselors LLC acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at $107,000. Mercer Capital Advisers Inc. raised its stake in shares of Costco Wholesale by 3.5% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after buying an additional 23 shares in the last quarter. Finally, Ledyard National Bank raised its stake in shares of Costco Wholesale by 19.1% in the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after buying an additional 130 shares in the last quarter. 71.49% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the stock. Robert W. Baird restated a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale in a research note on Thursday, August 31st. Stifel Nicolaus restated a “buy” rating and issued a $173.00 price objective on shares of Costco Wholesale in a research note on Monday, October 9th. Vetr cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $171.07 price objective for the company. in a research note on Monday, November 6th. J P Morgan Chase & Co restated a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale in a research note on Monday. Finally, Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have assigned a buy rating to the stock. Costco Wholesale has a consensus rating of “Buy” and an average price target of $179.50.
Shares of Costco Wholesale Co. (NASDAQ:COST) opened at $186.20 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. The stock has a market cap of $81,660.00, a PE ratio of 32.27, a P/E/G ratio of 3.05 and a beta of 0.98. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year high of $191.22.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.77 EPS. analysts expect that Costco Wholesale Co. will post 6.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, November 16th. Costco Wholesale’s payout ratio is presently 32.89%.
In other Costco Wholesale news, CFO Richard A. Galanti sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $170.95, for a total value of $512,850.00. Following the completion of the sale, the chief financial officer now owns 35,225 shares in the company, valued at approximately $6,021,713.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John D. Mckay sold 8,111 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $172.78, for a total transaction of $1,401,418.58. Following the completion of the sale, the insider now owns 66,751 shares of the company’s stock, valued at approximately $11,533,237.78. The disclosure for this sale can be found here. Insiders sold a total of 32,842 shares of company stock valued at $5,520,848 in the last 90 days. Corporate insiders own 0.74% of the company’s stock.
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Costco Wholesale Company 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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