North Point Portfolio Managers Corp OH lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,874 shares of the retailer’s stock after selling 646 shares during the period. Costco Wholesale accounts for about 2.8% of North Point Portfolio Managers Corp OH’s holdings, making the stock its 11th biggest position. North Point Portfolio Managers Corp OH’s holdings in Costco Wholesale were worth $16,647,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. MUFG Securities EMEA plc bought a new stake in Costco Wholesale during the second quarter valued at approximately $103,000. Parkside Investments LLC bought a new stake in Costco Wholesale during the third quarter valued at approximately $105,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Costco Wholesale during the second quarter valued at approximately $119,000. Capital Advisors Ltd. LLC lifted its position in Costco Wholesale by 180.0% during the third quarter. Capital Advisors Ltd. LLC now owns 560 shares of the retailer’s stock valued at $132,000 after purchasing an additional 360 shares during the last quarter. Finally, Legacy Advisors LLC lifted its position in Costco Wholesale by 632.9% during the third quarter. Legacy Advisors LLC now owns 579 shares of the retailer’s stock valued at $136,000 after purchasing an additional 500 shares during the last quarter. 71.49% of the stock is owned by institutional investors.
NASDAQ:COST opened at $218.19 on Monday. Costco Wholesale Co. has a 52 week low of $159.47 and a 52 week high of $245.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.46. The firm has a market cap of $95.69 billion, a P/E ratio of 31.95, a PEG ratio of 2.78 and a beta of 0.95.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 9th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.28 dividend on an annualized basis and a yield of 1.04%. Costco Wholesale’s dividend payout ratio is currently 33.38%.
Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 23rd. Northcoast Research upgraded shares of Costco Wholesale from a “neutral” rating to a “buy” rating in a report on Friday, October 12th. Argus restated a “buy” rating and issued a $255.00 price objective on shares of Costco Wholesale in a report on Thursday, October 11th. Loop Capital set a $265.00 price objective on shares of Costco Wholesale and gave the stock a “buy” rating in a report on Wednesday, October 10th. Finally, Royal Bank of Canada lowered their price objective on shares of Costco Wholesale from $255.00 to $253.00 and set an “outperform” rating for the company in a report on Friday, October 5th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $237.94.
In related news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $235.81, for a total transaction of $707,430.00. Following the completion of the sale, the director now directly owns 8,654 shares in the company, valued at approximately $2,040,699.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Roland Michael Vachris sold 6,600 shares of the company’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $225.88, for a total transaction of $1,490,808.00. Following the sale, the vice president now owns 17,282 shares of the company’s stock, valued at $3,903,658.16. The disclosure for this sale can be found here. Insiders have sold a total of 40,649 shares of company stock valued at $9,228,064 over the last quarter. 0.58% of the stock is currently owned by company insiders.
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.
Read More: What Factors Can Affect Return on Equity?
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.