Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Essex Savings Bank

Essex Savings Bank increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 858 shares of the retailer’s stock after acquiring an additional 52 shares during the quarter. Essex Savings Bank’s holdings in Costco Wholesale were worth $260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Your Advocates Ltd. LLP purchased a new position in Costco Wholesale during the first quarter worth about $28,000. Fortis Advisors LLC increased its holdings in shares of Costco Wholesale by 98.1% during the 1st quarter. Fortis Advisors LLC now owns 103 shares of the retailer’s stock worth $29,000 after buying an additional 51 shares during the last quarter. Key Financial Inc acquired a new stake in shares of Costco Wholesale during the 1st quarter worth approximately $32,000. Cerebellum GP LLC acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth approximately $32,000. Finally, Red Cedar Capital LLC raised its position in shares of Costco Wholesale by 588.2% during the 2nd quarter. Red Cedar Capital LLC now owns 117 shares of the retailer’s stock valued at $35,000 after buying an additional 100 shares during the period. 68.79% of the stock is owned by hedge funds and other institutional investors.

In other Costco Wholesale news, VP Roland Michael Vachris sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, June 19th. The shares were sold at an average price of $300.95, for a total transaction of $1,203,800.00. Also, Director Susan L. Decker sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $326.60, for a total transaction of $653,200.00. Following the sale, the director now owns 27,747 shares of the company’s stock, valued at approximately $9,062,170.20. The disclosure for this sale can be found here. Insiders sold 30,380 shares of company stock worth $9,514,249 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

Shares of COST stock traded up $0.71 during trading hours on Friday, reaching $325.53. 2,150,823 shares of the stock were exchanged, compared to its average volume of 1,971,796. The business’s fifty day moving average is $312.74 and its two-hundred day moving average is $306.86. The firm has a market capitalization of $143.73 billion, a P/E ratio of 38.94, a P/E/G ratio of 4.57 and a beta of 0.68. Costco Wholesale Co. has a 12-month low of $262.71 and a 12-month high of $331.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.11 and a quick ratio of 0.63.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, May 28th. The retailer reported $1.89 EPS for the quarter, missing the consensus estimate of $1.92 by ($0.03). Costco Wholesale had a return on equity of 22.60% and a net margin of 2.31%. The firm had revenue of $36.45 billion for the quarter, compared to analyst estimates of $36.66 billion. During the same quarter last year, the firm earned $1.89 EPS. The company’s revenue was up 4.9% on a year-over-year basis. As a group, equities research analysts predict that Costco Wholesale Co. will post 8.46 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.86%. The ex-dividend date is Thursday, July 30th. Costco Wholesale’s dividend payout ratio (DPR) is presently 34.19%.

COST has been the topic of a number of research analyst reports. BidaskClub downgraded Costco Wholesale from a “hold” rating to a “sell” rating in a research report on Thursday, June 18th. Telsey Advisory Group reissued a “buy” rating and set a $330.00 price objective on shares of Costco Wholesale in a research report on Thursday, July 9th. Deutsche Bank increased their target price on shares of Costco Wholesale from $298.00 to $299.00 and gave the stock a “hold” rating in a research note on Thursday. Stifel Nicolaus reissued a “buy” rating and issued a $330.00 price target on shares of Costco Wholesale in a research note on Thursday, June 4th. Finally, Oppenheimer increased their price objective on shares of Costco Wholesale from $335.00 to $355.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $326.46.

About Costco Wholesale

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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Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).

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

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