(NASDAQ:COST) by 88.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Following the sale, the insider now directly owns 66,751 shares of the company's stock, valued at $11,533,237.78.
The focus shifting on performance of the Costco Wholesale Corporation (NASDAQ:COST) that has shown a discernible change in trend levels over the path of recent market activity.
Several other hedge funds have also recently modified their holdings of the stock. Pioneer Trust Bank N A OR raised its stake in shares of Costco Wholesale by 0.4% in the second quarter.
Costco Wholesale Corporation COST began its day with a share price of $187.22. Westside Investment Management Inc. now owns 1,114 shares of the retailer's stock worth $168,000 after acquiring an additional 3 shares during the period. Aveo Capital Partners LLC acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $207,000. Colony Group LLC now owns 6,358 shares of the retailer's stock worth $1,017,000 after buying an additional 3,088 shares during the period. Finally, STA Wealth Management LLC acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $214,000. BlackRock Inc. now owns 24,905,256 shares of the retailer's stock valued at $3,983,097,000 after acquiring an additional 703,825 shares in the last quarter. The institutional investor held 309,750 shares of the telecommunications equipment company at the end of 2017Q2, valued at $13.83 million, up from 302,288 at the end of the previous reported quarter.
In other Costco Wholesale news, insider John D. Mckay sold 8,111 shares of the firm's stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $161.92, for a total transaction of $809,600.00. WA now owns 1,590 shares of the retailer's stock valued at $272,000 after acquiring an additional 10 shares in the last quarter. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Richard A. Galanti sold 5,000 shares of Costco Wholesale stock in a transaction on Friday, October 20th. The stock was sold at an average price of $166.95, for a total value of $667,800.00. Following the transaction, the director now directly owns 792,594 shares of the company's stock, valued at $130,397,564.88. The disclosure for this sale can be found here. Raymond James Trust bought 7,462 shares as the company's stock declined 7.66% while stock markets rallied.
Costco Wholesale Co. has a 52-week low of $150.00 and a 52-week high of $191.22. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since December 7, 2016 and is uptrending. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. The stock has a market cap of $82,075.39, a PE ratio of 32.27, a price-to-earnings-growth ratio of 3.05 and a beta of 0.98. The New York-based Selz Capital Limited Company has invested 1.87% in Costco Wholesale Corporation (NASDAQ:COST). The retailer reported $2.08 earnings per share for the quarter, beating the Zacks' consensus estimate of $2.02 by $0.06. Costco Wholesale had a net margin of 2.02% and a return on equity of 20.06%. The company had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. equities analysts predict that Costco Wholesale Co. will post 6.46 EPS for the current year. The business also recently disclosed a special dividend, which was paid on Friday, May 26th. Shareholders of record on Friday, November 17th were issued a $0.50 dividend. (NYSE:VZ) were released by: Reuters.com and their article: "Comcast, Verizon approached Twenty-First Century Fox to buy some assets: sources" published on November 16, 2017 as well as Nasdaq.com's news article titled: "The Zacks Analyst Blog Highlights: Verizon Communications, AT&T, T-Mobile US ..." with publication date: December 05, 2017. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.07%. Costco Wholesale Corp now has $81.81B valuation. Bernstein initiated the shares of COST in report on Monday, February 6 with "Mkt Perform" rating. The stock has "Buy" rating by Deutsche Bank on Tuesday, May 31. Stifel Nicolaus maintained the shares of COST in report on Thursday, November 30 with "Buy" rating. Morgan Stanley cut shares of Costco Wholesale from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $190.00 to $165.00 in a research note on Friday, October 6th. Finally, Robert W. Baird restated an "outperform" rating and set a $200.00 price target on shares of Costco Wholesale in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have given a buy rating to the company. The stock now has a consensus rating of "Buy" and an average price target of $182.59. "(COST)" was first posted by Week Herald and is the property of of Week Herald. If you are accessing this piece on another publication, it was illegally copied and republished in violation of USA and global trademark & copyright law. It improved, as 64 investors sold Costco Wholesale Corporation shares while 376 reduced holdings.
Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea.