Weiss Asset Management LP Sells 115 Shares of Costco Wholesale Co. (NASDAQ:COST)
Weiss Asset Management LP reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 12.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 807 shares of the retailer’s stock after selling 115 shares during the period. Weiss Asset Management LP’s holdings in Costco Wholesale were worth $213,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of COST. Krane Funds Advisors LLC bought a new position in shares of Costco Wholesale in the 2nd quarter worth $26,000. Massey Quick Simon & CO. LLC bought a new position in Costco Wholesale during the 2nd quarter valued at $27,000. Thor Advisors LLC bought a new position in Costco Wholesale during the 1st quarter valued at $35,000. JNBA Financial Advisors lifted its stake in Costco Wholesale by 484.6% during the 1st quarter. JNBA Financial Advisors now owns 152 shares of the retailer’s stock valued at $37,000 after acquiring an additional 126 shares in the last quarter. Finally, Canton Hathaway LLC lifted its stake in Costco Wholesale by 41.0% during the 2nd quarter. Canton Hathaway LLC now owns 141 shares of the retailer’s stock valued at $37,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 71.08% of the company’s stock.
In related news, VP Roland Michael Vachris sold 3,700 shares of Costco Wholesale stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $267.25, for a total value of $988,825.00. Following the completion of the sale, the vice president now owns 13,578 shares of the company’s stock, valued at approximately $3,628,720.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan L. Decker sold 1,646 shares of Costco Wholesale stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $268.25, for a total value of $441,539.50. Following the completion of the sale, the director now directly owns 41,803 shares of the company’s stock, valued at approximately $11,213,654.75. The disclosure for this sale can be found here. Insiders have sold a total of 18,346 shares of company stock worth $4,888,035 over the last quarter. Company insiders own 0.21% of the company’s stock.
Shares of NASDAQ COST traded down $3.38 during mid-day trading on Monday, reaching $288.52. 94,436 shares of the company’s stock were exchanged, compared to its average volume of 2,405,176. The firm has a market capitalization of $127.49 billion, a price-to-earnings ratio of 42.25, a price-to-earnings-growth ratio of 3.84 and a beta of 0.93. Costco Wholesale Co. has a 52 week low of $189.51 and a 52 week high of $307.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.98 and a quick ratio of 0.48. The firm has a 50-day moving average price of $282.20 and a two-hundred day moving average price of $257.24.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Thursday, August 29th. Costco Wholesale’s payout ratio is 38.07%.
Costco Wholesale 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: Why do commodities matter?
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.