InterOcean Capital LLC Purchases 328 Shares of Costco Wholesale Co. (NASDAQ:COST)

InterOcean Capital LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 34.2% in the first quarter, Holdings Channel.com reports. The fund owned 1,288 shares of the retailer’s stock after buying an additional 328 shares during the period. InterOcean Capital LLC’s holdings in Costco Wholesale were worth $367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Orser Capital Management LLC raised its stake in shares of Costco Wholesale by 5.6% in the fourth quarter. Orser Capital Management LLC now owns 8,162 shares of the retailer’s stock valued at $2,409,000 after purchasing an additional 432 shares in the last quarter. RFG Advisory LLC increased its holdings in Costco Wholesale by 11.8% in the 4th quarter. RFG Advisory LLC now owns 951 shares of the retailer’s stock valued at $280,000 after buying an additional 100 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $124,000. S.E.E.D. Planning Group LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $491,000. Finally, Howland Capital Management LLC lifted its holdings in shares of Costco Wholesale by 4.4% during the 4th quarter. Howland Capital Management LLC now owns 2,029 shares of the retailer’s stock worth $596,000 after acquiring an additional 85 shares during the period. 69.20% of the stock is currently owned by institutional investors.

COST traded up $0.46 during mid-day trading on Friday, reaching $302.43. The stock had a trading volume of 2,313,687 shares, compared to its average volume of 2,861,295. The firm’s fifty day simple moving average is $304.26 and its two-hundred day simple moving average is $301.92. The stock has a market capitalization of $133.34 billion, a P/E ratio of 35.50, a P/E/G ratio of 4.21 and a beta of 0.71. Costco Wholesale Co. has a 52 week low of $233.05 and a 52 week high of $325.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.52 and a current ratio of 1.04.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 5th. The retailer reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.04. The business had revenue of $39.10 billion for the quarter, compared to analyst estimates of $38.26 billion. Costco Wholesale had a return on equity of 23.41% and a net margin of 2.39%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.01 earnings per share. As a group, analysts expect that Costco Wholesale Co. will post 8.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, April 30th. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 0.93%. Costco Wholesale’s dividend payout ratio is presently 34.19%.

In other Costco Wholesale news, VP James P. Murphy sold 5,000 shares of Costco Wholesale stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $310.00, for a total transaction of $1,550,000.00. Following the completion of the sale, the vice president now owns 42,771 shares of the company’s stock, valued at approximately $13,259,010. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard A. Galanti sold 1,448 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $306.51, for a total transaction of $443,826.48. Following the sale, the chief financial officer now owns 23,967 shares of the company’s stock, valued at approximately $7,346,125.17. The disclosure for this sale can be found here. Insiders sold a total of 7,448 shares of company stock worth $2,308,656 in the last ninety days. Insiders own 0.22% of the company’s stock.

Several research firms recently issued reports on COST. Morgan Stanley dropped their price target on shares of Costco Wholesale from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. BidaskClub cut Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Robert W. Baird restated a “buy” rating and set a $335.00 target price on shares of Costco Wholesale in a research report on Thursday, April 9th. Argus upped their price target on Costco Wholesale from $330.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. They noted that the move was a valuation call. Finally, Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating in a research note on Tuesday, March 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $318.54.

Costco Wholesale Company 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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