Gamco Investors INC. ET AL grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 78.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,040 shares of the retailer’s stock after buying an additional 7,933 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Costco Wholesale were worth $4,767,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of COST. Rudd International Inc. bought a new stake in shares of Costco Wholesale in the 2nd quarter worth approximately $3,706,000. Markel Corp raised its holdings in shares of Costco Wholesale by 0.4% in the 2nd quarter. Markel Corp now owns 39,150 shares of the retailer’s stock worth $10,345,000 after purchasing an additional 150 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Costco Wholesale by 75.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 8,642 shares of the retailer’s stock worth $2,284,000 after purchasing an additional 3,723 shares during the period. Bingham Osborn & Scarborough LLC raised its holdings in shares of Costco Wholesale by 13.8% in the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 3,803 shares of the retailer’s stock worth $1,005,000 after purchasing an additional 460 shares during the period. Finally, North Point Portfolio Managers Corp OH raised its holdings in shares of Costco Wholesale by 0.8% in the 2nd quarter. North Point Portfolio Managers Corp OH now owns 70,059 shares of the retailer’s stock worth $18,514,000 after purchasing an additional 569 shares during the period. 71.14% of the stock is currently owned by hedge funds and other institutional investors.
COST has been the topic of a number of research reports. Barclays set a $275.00 price target on shares of Costco Wholesale and gave the stock a “hold” rating in a report on Monday, August 12th. Evercore ISI reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Sunday, August 11th. Goldman Sachs Group began coverage on shares of Costco Wholesale in a report on Thursday, July 11th. They set a “buy” rating and a $290.00 target price on the stock. Oppenheimer cut shares of Costco Wholesale from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $295.00 to $300.00 in a report on Wednesday. Finally, Loop Capital boosted their target price on shares of Costco Wholesale to $330.00 and gave the company a “buy” rating in a report on Friday, September 6th. Nine equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Costco Wholesale presently has an average rating of “Buy” and a consensus price target of $283.72.
COST opened at $291.90 on Friday. The company has a fifty day moving average price of $282.20 and a 200-day moving average price of $257.24. The firm has a market capitalization of $128.37 billion, a P/E ratio of 42.74, a price-to-earnings-growth ratio of 3.94 and a beta of 0.93. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.98 and a quick ratio of 0.48. Costco Wholesale Co. has a one year low of $189.51 and a one year high of $307.34.
The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.89%. Costco Wholesale’s dividend payout ratio (DPR) is currently 38.07%.
In other news, VP Roland Michael Vachris sold 3,700 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $267.25, for a total transaction of $988,825.00. Following the completion of the transaction, the vice president now directly owns 13,578 shares in the company, valued at approximately $3,628,720.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan L. Decker sold 1,646 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $268.25, for a total transaction of $441,539.50. Following the transaction, the director now owns 41,803 shares of the company’s stock, valued at $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 valued at $4,888,035 over the last 90 days. Company insiders own 0.21% of the company’s stock.
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.
Featured Article: Buy Rating
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.