Gamco Investors INC. ET AL Has $2.41 Million Stake in Costco Wholesale Co. (COST)

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Gamco Investors INC. ET AL cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,535 shares of the retailer’s stock after selling 1,530 shares during the period. Gamco Investors INC. ET AL’s holdings in Costco Wholesale were worth $2,411,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of COST. Cypress Capital Management LLC WY grew its holdings in shares of Costco Wholesale by 8.0% during the second quarter. Cypress Capital Management LLC WY now owns 3,055 shares of the retailer’s stock worth $638,000 after purchasing an additional 225 shares during the last quarter. McIlrath & Eck LLC grew its holdings in shares of Costco Wholesale by 16.8% during the second quarter. McIlrath & Eck LLC now owns 1,585 shares of the retailer’s stock worth $331,000 after purchasing an additional 228 shares during the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of Costco Wholesale by 11.5% during the second quarter. Moloney Securities Asset Management LLC now owns 2,327 shares of the retailer’s stock worth $486,000 after purchasing an additional 240 shares during the last quarter. Rational Advisors LLC grew its holdings in shares of Costco Wholesale by 6.7% during the second quarter. Rational Advisors LLC now owns 3,862 shares of the retailer’s stock worth $807,000 after purchasing an additional 242 shares during the last quarter. Finally, BKD Wealth Advisors LLC grew its holdings in shares of Costco Wholesale by 20.8% during the second quarter. BKD Wealth Advisors LLC now owns 1,435 shares of the retailer’s stock worth $300,000 after purchasing an additional 247 shares during the last quarter. Institutional investors own 71.51% of the company’s stock.

NASDAQ COST opened at $235.61 on Thursday. Costco Wholesale Co. has a 52 week low of $154.11 and a 52 week high of $236.17. The company has a quick ratio of 0.47, a current ratio of 1.01 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $102.24 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 2.54 and a beta of 0.95.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, August 30th. Costco Wholesale’s dividend payout ratio (DPR) is 39.18%.

A number of equities analysts recently issued reports on the company. Telsey Advisory Group raised their price target on Costco Wholesale from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday. Robert W. Baird raised their price objective on shares of Costco Wholesale from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday. BidaskClub upgraded shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 22nd. Oppenheimer raised their price objective on shares of Costco Wholesale from $210.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, August 21st. Finally, Argus set a $255.00 price objective on shares of Costco Wholesale and gave the company a “buy” rating in a research report on Tuesday, August 21st. Nine equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $214.64.

In other Costco Wholesale news, VP James P. Murphy sold 15,000 shares of the company’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $219.22, for a total value of $3,288,300.00. Following the completion of the transaction, the vice president now owns 33,834 shares in the company, valued at approximately $7,417,089.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel M. Hines sold 7,000 shares of the company’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $204.67, for a total transaction of $1,432,690.00. Following the completion of the transaction, the insider now owns 23,853 shares of the company’s stock, valued at approximately $4,881,993.51. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,491 shares of company stock valued at $8,168,627. 0.74% of the stock is owned by insiders.

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.

Further Reading: NASDAQ

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

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