Clifford Swan Investment Counsel LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 198,202 shares of the retailer’s stock after selling 3,584 shares during the quarter. Costco Wholesale makes up approximately 2.0% of Clifford Swan Investment Counsel LLC’s investment portfolio, making the stock its 8th largest position. Clifford Swan Investment Counsel LLC’s holdings in Costco Wholesale were worth $36,889,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Wealthcare Advisory Partners LLC purchased a new position in Costco Wholesale during the third quarter worth about $102,000. Jacobus Wealth Management Inc. purchased a new position in Costco Wholesale during the third quarter worth about $103,000. Shamrock Asset Management LLC raised its holdings in Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after purchasing an additional 418 shares in the last quarter. Zions Bancorporation raised its holdings in Costco Wholesale by 148.4% during the third quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock worth $113,000 after purchasing an additional 411 shares in the last quarter. Finally, Smithfield Trust Co. raised its holdings in Costco Wholesale by 150.2% during the third quarter. Smithfield Trust Co. now owns 808 shares of the retailer’s stock worth $133,000 after purchasing an additional 485 shares in the last quarter. Institutional investors and hedge funds own 72.79% of the company’s stock.
In other news, Director Richard M. Libenson sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $193.03, for a total transaction of $3,860,600.00. Following the completion of the transaction, the director now directly owns 3,919 shares of the company’s stock, valued at approximately $756,484.57. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James D. Sinegal sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $192.06, for a total transaction of $5,761,800.00. Following the transaction, the director now directly owns 746,209 shares of the company’s stock, valued at $143,316,900.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,185 shares of company stock valued at $20,583,577. Corporate insiders own 0.58% of the company’s stock.
Costco Wholesale Co. (NASDAQ COST) opened at $188.58 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.44 and a current ratio of 1.00. Costco Wholesale Co. has a 12 month low of $150.00 and a 12 month high of $199.88. The firm has a market cap of $82,764.55, a P/E ratio of 30.13, a PEG ratio of 3.04 and a beta of 0.97.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.03). Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. The business had revenue of $33 billion for the quarter, compared to analysts’ expectations of $32.73 billion. During the same period last year, the business earned $1.17 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. research analysts predict that Costco Wholesale Co. will post 6.8 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.06%. Costco Wholesale’s dividend payout ratio (DPR) is 29.81%.
About Costco Wholesale
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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