Oxbow Advisors LLC Sells 31 Shares of Costco Wholesale Corporation $COST

Oxbow Advisors LLC cut its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,319 shares of the retailer’s stock after selling 31 shares during the quarter. Oxbow Advisors LLC’s holdings in Costco Wholesale were worth $2,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Fishman Jay A Ltd. MI grew its stake in shares of Costco Wholesale by 3.5% in the second quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock worth $16,718,000 after purchasing an additional 575 shares during the last quarter. Independent Solutions Wealth Management LLC grew its stake in shares of Costco Wholesale by 0.3% in the second quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock worth $20,430,000 after purchasing an additional 53 shares during the last quarter. Personal CFO Solutions LLC grew its stake in shares of Costco Wholesale by 12.4% in the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock worth $1,436,000 after purchasing an additional 167 shares during the last quarter. Graybill Wealth Management LTD. bought a new stake in shares of Costco Wholesale in the first quarter worth about $3,095,000. Finally, Rossmore Private Capital grew its stake in shares of Costco Wholesale by 0.9% in the first quarter. Rossmore Private Capital now owns 6,687 shares of the retailer’s stock worth $6,325,000 after purchasing an additional 62 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Insider Activity at Costco Wholesale

In other news, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the transaction, the executive vice president directly owned 9,740 shares in the company, valued at approximately $8,912,100. This trade represents a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares of the company’s stock, valued at $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

COST has been the topic of several recent analyst reports. Wolfe Research initiated coverage on Costco Wholesale in a research note on Thursday, September 18th. They issued a “peer perform” rating on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Costco Wholesale in a research note on Wednesday, October 8th. DA Davidson reaffirmed a “neutral” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research report on Friday, September 26th. Daiwa Capital Markets cut their price objective on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $1,130.00 price objective on shares of Costco Wholesale in a research report on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,068.15.

Costco Wholesale Price Performance

COST stock opened at $925.62 on Friday. The firm has a 50 day moving average price of $950.40 and a 200-day moving average price of $971.61. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23. The firm has a market capitalization of $410.22 billion, a price-to-earnings ratio of 50.83, a PEG ratio of 5.79 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The firm had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. During the same period last year, the business earned $5.15 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Equities research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 31st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.