Silvercrest Asset Management Group LLC Has $11.20 Million Stake in Costco Wholesale Co. (COST)

Silvercrest Asset Management Group LLC lessened its position in Costco Wholesale Co. (NASDAQ:COST) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 59,460 shares of the retailer’s stock after selling 2,174 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Costco Wholesale were worth $11,204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new position in shares of Costco Wholesale in the first quarter worth approximately $2,186,000. Achmea Investment Management B.V. lifted its stake in shares of Costco Wholesale by 23.5% in the first quarter. Achmea Investment Management B.V. now owns 51,977 shares of the retailer’s stock worth $9,791,000 after buying an additional 9,879 shares in the last quarter. SCP Investment LP lifted its stake in shares of Costco Wholesale by 27.3% in the first quarter. SCP Investment LP now owns 70,000 shares of the retailer’s stock worth $13,190,000 after buying an additional 15,000 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in shares of Costco Wholesale by 75.5% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,083 shares of the retailer’s stock worth $204,000 after buying an additional 466 shares in the last quarter. Finally, Birch Hill Investment Advisors LLC lifted its stake in shares of Costco Wholesale by 0.4% in the first quarter. Birch Hill Investment Advisors LLC now owns 177,716 shares of the retailer’s stock worth $33,487,000 after buying an additional 769 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Costco Wholesale opened at $204.88 on Wednesday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.47 and a current ratio of 1.01. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $205.08. The company has a market capitalization of $89.68 billion, a price-to-earnings ratio of 35.20, a price-to-earnings-growth ratio of 2.72 and a beta of 0.95.



Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, May 31st. The retailer reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.02. Costco Wholesale had a net margin of 2.16% and a return on equity of 24.67%. The business had revenue of $32.36 billion for the quarter, compared to the consensus estimate of $31.89 billion. During the same period last year, the firm earned $1.40 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. equities analysts anticipate that Costco Wholesale Co. will post 6.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Friday, May 11th were paid a $0.57 dividend. The ex-dividend date of this dividend was Thursday, May 10th. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.50. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.11%. Costco Wholesale’s dividend payout ratio is 39.18%.

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Costco Wholesale from $206.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, June 1st. Argus increased their price objective on shares of Costco Wholesale from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 30th. Citigroup increased their price objective on shares of Costco Wholesale from $217.00 to $222.00 and gave the company a “buy” rating in a research report on Friday, June 1st. Susquehanna Bancshares restated a “positive” rating on shares of Costco Wholesale in a research report on Thursday, June 7th. Finally, BidaskClub downgraded shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 9th. Eight investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $197.52.

In other news, VP Timothy L. Rose sold 12,000 shares of the stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $184.46, for a total value of $2,213,520.00. Following the completion of the sale, the vice president now directly owns 22,903 shares of the company’s stock, valued at $4,224,687.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $186.91, for a total transaction 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 $1,617,519.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,393 shares of company stock valued at $6,355,799. Corporate insiders own 0.58% 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.

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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