Gofen & Glossberg LLC IL trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,468 shares of the retailer’s stock after selling 1,413 shares during the period. Gofen & Glossberg LLC IL’s holdings in Costco Wholesale were worth $18,900,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Ancora Advisors LLC grew its stake in shares of Costco Wholesale by 28.2% in the 1st quarter. Ancora Advisors LLC now owns 14,008 shares of the retailer’s stock worth $2,639,000 after buying an additional 3,078 shares in the last quarter. Hancock Holding Co. purchased a new position in shares of Costco Wholesale in the 1st quarter worth $930,000. LPL Financial LLC grew its stake in shares of Costco Wholesale by 3.4% in the 1st quarter. LPL Financial LLC now owns 210,863 shares of the retailer’s stock worth $39,733,000 after buying an additional 7,019 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of Costco Wholesale by 5.9% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 354,387 shares of the retailer’s stock worth $66,777,000 after buying an additional 19,719 shares in the last quarter. Finally, TLP Group LLC grew its stake in shares of Costco Wholesale by 113.1% in the 1st quarter. TLP Group LLC now owns 2,333 shares of the retailer’s stock worth $440,000 after buying an additional 1,238 shares in the last quarter. 71.49% of the stock is owned by institutional investors.
In related news, VP James P. Murphy sold 15,000 shares of Costco Wholesale stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $219.22, for a total transaction of $3,288,300.00. Following the completion of the sale, the vice president now owns 33,834 shares in the company, valued at approximately $7,417,089.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John W. Meisenbach sold 3,000 shares of Costco Wholesale stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $218.65, for a total transaction of $655,950.00. The disclosure for this sale can be found here. Insiders have sold a total of 24,000 shares of company stock valued at $5,351,100 in the last quarter. 0.58% of the stock is currently owned by company insiders.
COST stock opened at $226.95 on Friday. Costco Wholesale Co. has a 12 month low of $157.00 and a 12 month high of $245.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 0.47. The stock has a market cap of $103.00 billion, a P/E ratio of 38.99, a PEG ratio of 2.78 and a beta of 0.95.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, October 4th. The retailer reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.02. Costco Wholesale had a net margin of 2.16% and a return on equity of 24.67%. The firm had revenue of $44.41 billion during the quarter, compared to analysts’ expectations of $44.17 billion. During the same period in the previous year, the company earned $2.08 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, research analysts expect that Costco Wholesale Co. will post 6.8 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $2.28 dividend on an annualized basis and a yield of 1.00%. Costco Wholesale’s payout ratio is 39.18%.
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.
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