Hunter Perkins Capital Management LLC Has $1.41 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)


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Hunter Perkins Capital Management LLC cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 14.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,000 shares of the retailer’s stock after selling 700 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Costco Wholesale were worth $1,410,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in COST. Hotaling Investment Management LLC raised its position in Costco Wholesale by 0.6% during the fourth quarter. Hotaling Investment Management LLC now owns 4,992 shares of the retailer’s stock valued at $1,881,000 after purchasing an additional 28 shares in the last quarter. First Command Bank raised its holdings in Costco Wholesale by 2.9% in the 4th quarter. First Command Bank now owns 1,037 shares of the retailer’s stock valued at $391,000 after buying an additional 29 shares during the last quarter. Affinity Capital Advisors LLC lifted its holdings in shares of Costco Wholesale by 2.8% during the fourth quarter. Affinity Capital Advisors LLC now owns 1,097 shares of the retailer’s stock worth $413,000 after purchasing an additional 30 shares during the period. Evermay Wealth Management LLC raised its position in shares of Costco Wholesale by 1.2% during the fourth quarter. Evermay Wealth Management LLC now owns 2,455 shares of the retailer’s stock worth $925,000 after acquiring an additional 30 shares during the last quarter. Finally, WMS Partners LLC lifted its position in shares of Costco Wholesale by 1.5% in the 4th quarter. WMS Partners LLC now owns 1,971 shares of the retailer’s stock worth $743,000 after purchasing an additional 30 shares during the period. 67.21% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on COST shares. Loop Capital reduced their price objective on shares of Costco Wholesale from $425.00 to $380.00 and set a “buy” rating for the company in a research report on Friday, March 5th. They noted that the move was a valuation call. Stifel Nicolaus lifted their price target on shares of Costco Wholesale from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Wednesday, April 14th. Telsey Advisory Group upped their price objective on shares of Costco Wholesale from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Monday. The Goldman Sachs Group increased their price objective on shares of Costco Wholesale from $377.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, April 14th. Finally, Robert W. Baird decreased their target price on Costco Wholesale from $410.00 to $395.00 and set an “outperform” rating for the company in a research report on Thursday, March 11th. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $387.42.

In related news, CFO Richard A. Galanti sold 2,230 shares of the firm’s stock in a transaction dated Thursday, April 29th. The stock was sold at an average price of $372.06, for a total value of $829,693.80. Following the sale, the chief financial officer now directly owns 22,871 shares of the company’s stock, valued at $8,509,384.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Roland Michael Vachris sold 4,300 shares of the business’s stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $334.30, for a total value of $1,437,490.00. Following the transaction, the vice president now owns 15,602 shares in the company, valued at approximately $5,215,748.60. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Shares of NASDAQ:COST opened at $379.32 on Tuesday. The stock has a market capitalization of $167.86 billion, a P/E ratio of 38.94, a price-to-earnings-growth ratio of 4.17 and a beta of 0.66. The stock’s 50-day moving average price is $356.61 and its 200-day moving average price is $361.97. The company has a current ratio of 0.98, a quick ratio of 0.53 and a debt-to-equity ratio of 0.49. Costco Wholesale Co. has a 12-month low of $293.84 and a 12-month high of $393.15.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Wednesday, March 3rd. The retailer reported $2.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.31). Costco Wholesale had a return on equity of 24.50% and a net margin of 2.50%. The company had revenue of $44.77 billion for the quarter, compared to the consensus estimate of $43.71 billion. During the same quarter in the previous year, the business earned $2.10 earnings per share. Costco Wholesale’s revenue was up 14.6% compared to the same quarter last year. As a group, research analysts predict that Costco Wholesale Co. will post 9.95 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Investors of record on Friday, April 30th will be issued a dividend of $0.79 per share. This is a positive change from Costco Wholesale’s previous quarterly dividend of $0.70. This represents a $3.16 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, April 29th. Costco Wholesale’s dividend payout ratio is currently 35.71%.

About Costco Wholesale

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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