Boston Private Wealth LLC decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,166 shares of the retailer’s stock after selling 1,008 shares during the quarter. Boston Private Wealth LLC’s holdings in Costco Wholesale were worth $7,004,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Loomis Sayles & Co. L P grew its position in shares of Costco Wholesale by 2.9% during the 1st quarter. Loomis Sayles & Co. L P now owns 85,886 shares of the retailer’s stock worth $16,184,000 after buying an additional 2,412 shares in the last quarter. Mutual Advisors LLC bought a new position in shares of Costco Wholesale during the 1st quarter worth $313,000. C M Bidwell & Associates Ltd. grew its position in shares of Costco Wholesale by 50.8% during the 1st quarter. C M Bidwell & Associates Ltd. now owns 3,695 shares of the retailer’s stock worth $696,000 after buying an additional 1,245 shares in the last quarter. Godsey & Gibb Associates grew its position in shares of Costco Wholesale by 1.2% during the 1st quarter. Godsey & Gibb Associates now owns 78,047 shares of the retailer’s stock worth $14,707,000 after buying an additional 931 shares in the last quarter. Finally, Guardian Investment Management bought a new position in shares of Costco Wholesale during the 1st quarter worth $327,000. 71.49% of the stock is currently owned by institutional investors and hedge funds.
Shares of Costco Wholesale opened at $198.24 on Friday, according to Marketbeat. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44. The stock has a market capitalization of $86.33 billion, a price-to-earnings ratio of 34.06, a price-to-earnings-growth ratio of 2.78 and a beta of 0.95. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week high of $201.77.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Friday, May 11th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, May 10th. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.50. Costco Wholesale’s dividend payout ratio (DPR) is currently 39.18%.
A number of research firms have recently issued reports on COST. Loop Capital began coverage on Costco Wholesale in a research report on Wednesday, May 16th. They set a “buy” rating and a $224.00 price target on the stock. Royal Bank of Canada increased their price target on Costco Wholesale to $213.00 and gave the stock an “outperform” rating in a research report on Tuesday. Argus increased their price target on Costco Wholesale from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday. BidaskClub downgraded Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 9th. Finally, Vetr raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price objective on the stock in a research report on Monday, February 5th. Eight analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Costco Wholesale has an average rating of “Buy” and a consensus target price of $194.45.
In other Costco Wholesale news, insider Russell D. Miller sold 12,393 shares of the firm’s stock in a transaction dated Thursday, April 19th. The stock was sold at an average price of $194.12, for a total value of $2,405,729.16. Following the completion of the sale, the insider now owns 1 shares of the company’s stock, valued at $194.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $186.91, for a total value of $560,730.00. Following the completion of the sale, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $1,617,519.14. The disclosure for this sale can be found here. In the last three months, insiders sold 59,067 shares of company stock valued at $11,126,212. Corporate insiders own 0.74% of the company’s stock.
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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