Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Kelly Lawrence W & Associates Inc. CA

Kelly Lawrence W & Associates Inc. CA lessened its stake in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 0.1% during the fourth quarter, HoldingsChannel reports. The firm owned 41,012 shares of the retailer’s stock after selling 45 shares during the period. Costco Wholesale comprises approximately 4.6% of Kelly Lawrence W & Associates Inc. CA’s portfolio, making the stock its 4th biggest holding. Kelly Lawrence W & Associates Inc. CA’s holdings in Costco Wholesale were worth $23,282,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Morgan Stanley raised its stake in shares of Costco Wholesale by 1.5% during the second quarter. Morgan Stanley now owns 6,185,105 shares of the retailer’s stock valued at $2,447,261,000 after acquiring an additional 91,694 shares during the last quarter. Pictet & Cie Europe SA raised its stake in Costco Wholesale by 0.3% in the third quarter. Pictet & Cie Europe SA now owns 100,310 shares of the retailer’s stock worth $45,074,000 after buying an additional 310 shares in the last quarter. AlphaCrest Capital Management LLC bought a new position in Costco Wholesale in the third quarter worth about $811,000. Mercer Global Advisors Inc. ADV raised its stake in Costco Wholesale by 2.5% in the third quarter. Mercer Global Advisors Inc. ADV now owns 43,058 shares of the retailer’s stock worth $19,348,000 after buying an additional 1,066 shares in the last quarter. Finally, Achmea Investment Management B.V. grew its holdings in Costco Wholesale by 14.8% in the third quarter. Achmea Investment Management B.V. now owns 55,041 shares of the retailer’s stock worth $24,733,000 after purchasing an additional 7,112 shares during the period. 67.52% of the stock is currently owned by institutional investors.

In other Costco Wholesale news, EVP Claudine Adamo sold 500 shares of the business’s stock in a transaction dated Friday, April 8th. The stock was sold at an average price of $602.03, for a total value of $301,015.00. Following the completion of the sale, the executive vice president now owns 9,939 shares of the company’s stock, valued at $5,983,576.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel M. Hines sold 4,498 shares of the business’s stock in a transaction dated Friday, April 8th. The stock was sold at an average price of $603.00, for a total value of $2,712,294.00. Following the completion of the sale, the insider now directly owns 13,108 shares of the company’s stock, valued at approximately $7,904,124. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,248 shares of company stock valued at $5,417,137. Insiders own 0.22% of the company’s stock.

Shares of COST traded down $6.23 during mid-day trading on Thursday, hitting $423.17. The stock had a trading volume of 210,567 shares, compared to its average volume of 2,642,236. The company has a market cap of $187.56 billion, a PE ratio of 34.60, a PEG ratio of 4.16 and a beta of 0.70. Costco Wholesale Co. has a fifty-two week low of $375.50 and a fifty-two week high of $612.27. The company has a quick ratio of 0.51, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $551.28 and its two-hundred day simple moving average is $534.27.

Costco Wholesale (NASDAQ:COSTGet Rating) last issued its quarterly earnings results on Thursday, March 3rd. The retailer reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.18. The company had revenue of $51.90 billion for the quarter, compared to analysts’ expectations of $51.51 billion. Costco Wholesale had a return on equity of 30.10% and a net margin of 2.62%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $2.14 EPS. Equities analysts expect that Costco Wholesale Co. will post 13.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Friday, April 29th were given a dividend of $0.90 per share. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.79. The ex-dividend date was Thursday, April 28th. This represents a $3.60 dividend on an annualized basis and a yield of 0.85%. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.01%.

A number of equities research analysts have recently commented on the stock. Loop Capital increased their price target on shares of Costco Wholesale from $605.00 to $645.00 and gave the company a “buy” rating in a report on Thursday, April 7th. Evercore ISI raised their target price on Costco Wholesale from $605.00 to $610.00 in a report on Thursday, April 7th. Tigress Financial boosted their price target on Costco Wholesale from $520.00 to $678.00 in a report on Thursday, April 14th. BMO Capital Markets upped their price target on shares of Costco Wholesale from $560.00 to $580.00 and gave the company an “outperform” rating in a research note on Friday, March 4th. Finally, StockNews.com began coverage on shares of Costco Wholesale in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $572.11.

Costco Wholesale Profile (Get Rating)

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

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

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