Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Zevin Asset Management LLC

Zevin Asset Management LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 15.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,430 shares of the retailer’s stock after selling 7,059 shares during the quarter. Costco Wholesale makes up 3.6% of Zevin Asset Management LLC’s holdings, making the stock its 8th biggest position. Zevin Asset Management LLC’s holdings in Costco Wholesale were worth $11,072,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Krane Funds Advisors LLC bought a new position in Costco Wholesale during the 2nd quarter worth $26,000. Massey Quick Simon & CO. LLC bought a new position in shares of Costco Wholesale in the second quarter worth $27,000. Horan Capital Advisors LLC. bought a new position in shares of Costco Wholesale in the third quarter worth $31,000. Cerebellum GP LLC bought a new position in shares of Costco Wholesale in the third quarter worth $32,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of Costco Wholesale by 164.3% in the third quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 111 shares of the retailer’s stock worth $32,000 after purchasing an additional 69 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

In related news, VP Joseph P. Portera sold 14,095 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $299.52, for a total transaction of $4,221,734.40. Following the completion of the sale, the vice president now owns 6,211 shares in the company, valued at $1,860,318.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Paul G. Moulton sold 5,976 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $298.06, for a total value of $1,781,206.56. Following the sale, the vice president now owns 36,010 shares of the company’s stock, valued at approximately $10,733,140.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,093 shares of company stock valued at $9,915,511. Corporate insiders own 0.21% of the company’s stock.

A number of brokerages recently commented on COST. Stifel Nicolaus raised their price target on Costco Wholesale from $289.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Liberum Capital restated a “buy” rating on shares of Costco Wholesale in a research report on Monday, October 28th. Gordon Haskett upgraded Costco Wholesale from a “hold” rating to an “accumulate” rating and raised their price target for the stock from $255.00 to $330.00 in a research report on Friday, September 20th. Oppenheimer cut Costco Wholesale from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $295.00 to $300.00 in a research report on Wednesday, September 11th. Finally, Edward Jones cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $295.57.

Costco Wholesale stock traded down $2.59 during midday trading on Friday, reaching $302.62. The company’s stock had a trading volume of 1,501,500 shares, compared to its average volume of 1,980,943. The stock has a market cap of $131.54 billion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 4.09 and a beta of 0.93. Costco Wholesale Co. has a 52 week low of $189.51 and a 52 week high of $307.34. The business has a 50-day moving average price of $294.80 and a 200-day moving average price of $273.79. The company has a current ratio of 1.01, a quick ratio of 0.52 and a debt-to-equity ratio of 0.33.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 3rd. The retailer reported $2.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.54 by $0.15. The firm had revenue of $47.50 billion during the quarter, compared to the consensus estimate of $47.71 billion. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.36 earnings per share. As a group, research analysts predict that Costco Wholesale Co. will post 8.61 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.65 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.60 annualized dividend and a dividend yield of 0.86%. Costco Wholesale’s dividend payout ratio is 31.75%.

Costco Wholesale 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.

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

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