Costco Wholesale Co. (COST) Shares Sold by Blue Granite Capital LLC

Blue Granite Capital LLC cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 70.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,005 shares of the retailer’s stock after selling 7,301 shares during the period. Blue Granite Capital LLC’s holdings in Costco Wholesale were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of COST. Wealthcare Advisory Partners LLC bought a new stake in Costco Wholesale in the 3rd quarter valued at about $102,000. Jacobus Wealth Management Inc. bought a new stake in Costco Wholesale in the 3rd quarter valued at about $103,000. Assetmark Inc. increased its position in Costco Wholesale by 137.0% in the 4th quarter. Assetmark Inc. now owns 564 shares of the retailer’s stock valued at $105,000 after buying an additional 326 shares in the last quarter. Shamrock Asset Management LLC increased its position in Costco Wholesale by 171.3% in the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after buying an additional 418 shares in the last quarter. Finally, Zions Bancorporation increased its position in Costco Wholesale by 148.4% in the 3rd quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock valued at $113,000 after buying an additional 411 shares in the last quarter. 72.78% of the stock is owned by hedge funds and other institutional investors.

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In other news, Director James D. Sinegal sold 30,000 shares of the business’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 value of $5,761,800.00. Following the transaction, the director now owns 746,209 shares in the company, valued at approximately $143,316,900.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy L. Rose sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $184.46, for a total value of $2,213,520.00. Following the completion of the transaction, the vice president now owns 22,903 shares in the company, valued at approximately $4,224,687.38. The disclosure for this sale can be found here. Insiders sold a total of 106,859 shares of company stock worth $20,176,650 in the last 90 days. Company insiders own 0.74% of the company’s stock.

A number of analysts recently commented on COST shares. Tigress Financial reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Friday, January 5th. Vetr raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 target price for the company in a research report on Monday, February 5th. Moffett Nathanson began coverage on Costco Wholesale in a research report on Monday, December 4th. They issued a “buy” rating for the company. < Oppenheimer boosted their price objective on Costco Wholesale from $180.00 to $210.00 and gave the stock an "outperform" rating in a report on Monday, January 8th. Finally, BMO Capital Markets set a $223.00 price objective on Costco Wholesale and gave the stock a "buy" rating in a report on Wednesday, January 24th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Costco Wholesale presently has a consensus rating of "Buy" and a consensus price target of $190.76.

Costco Wholesale Co. (COST) opened at $180.84 on Monday. Costco Wholesale Co. has a 12 month low of $150.00 and a 12 month high of $199.88. The firm has a market capitalization of $79,356.21, a P/E ratio of 26.95, a PEG ratio of 2.73 and a beta of 0.97. The company has a quick ratio of 0.44, a current ratio of 1.00 and a debt-to-equity ratio of 0.54.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Wednesday, March 7th. The retailer reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $32.73 billion. During the same quarter in the previous year, the firm earned $1.17 EPS. Costco Wholesale’s quarterly revenue was up 10.8% on a year-over-year basis. research analysts forecast that Costco Wholesale Co. will post 6.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.11%. Costco Wholesale’s payout ratio is presently 29.81%.

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

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