Fruth Investment Management continued to hold its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,416 shares of the retailer’s stock at the end of the second quarter. Fruth Investment Management’s holdings in Costco Wholesale Corporation were worth $1,026,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the stock. Mercer Capital Advisers Inc. raised its stake in shares of Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after buying an additional 201 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Costco Wholesale Corporation during the second quarter worth about $107,000. Mosaic Family Wealth LLC raised its stake in shares of Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after buying an additional 100 shares during the period. CKW Financial Group raised its stake in shares of Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after buying an additional 200 shares during the period. Finally, Ledyard National Bank raised its stake in shares of Costco Wholesale Corporation by 19.1% in the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after buying an additional 130 shares during the period. 73.91% of the stock is owned by institutional investors.
Shares of Costco Wholesale Corporation (NASDAQ:COST) traded down 0.94% during mid-day trading on Friday, reaching $157.08. 2,747,925 shares of the company’s stock traded hands. The stock has a market cap of $68.89 billion, a PE ratio of 27.27 and a beta of 0.93. The firm has a 50 day moving average price of $155.32 and a 200-day moving average price of $167.38. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. Costco Wholesale Corporation also was the target of unusually large options trading activity on Thursday. Traders bought 6,031 put options on the stock. This represents an increase of 231% compared to the typical daily volume of 1,822 put options.
Costco Wholesale Corporation (NASDAQ:COST) last posted its earnings results on Thursday, May 25th. The retailer reported $1.40 EPS for the quarter, topping the consensus estimate of $1.31 by $0.09. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. The business had revenue of $28.86 billion for the quarter, compared to the consensus estimate of $28.57 billion. During the same period last year, the company earned $1.24 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Costco Wholesale Corporation will post $5.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.27%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is currently 34.66%.
Several research firms recently issued reports on COST. UBS AG raised shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale Corporation in a research note on Friday, June 2nd. BidaskClub raised shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Vetr raised shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $168.75 price objective for the company in a research note on Monday, July 24th. Finally, BMO Capital Markets set a $195.00 price objective on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Friday, May 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $179.11.
In other news, VP James P. Murphy sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $181.30, for a total value of $906,500.00. Following the transaction, the vice president now owns 48,845 shares in the company, valued at approximately $8,855,598.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total transaction of $159,250.00. Following the completion of the transaction, the director now owns 4,974 shares in the company, valued at approximately $792,109.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,000 shares of company stock worth $2,677,430. 0.74% of the stock is owned by corporate insiders.
Costco Wholesale Corporation Company Profile
Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.
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