TBH Global Asset Management LLC Sells 849 Shares of Costco Wholesale Corporation $COST

TBH Global Asset Management LLC cut its stake in Costco Wholesale Corporation (NASDAQ:COST) by 14.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,909 shares of the retailer’s stock after selling 849 shares during the period. Costco Wholesale comprises approximately 0.5% of TBH Global Asset Management LLC’s holdings, making the stock its 17th largest holding. TBH Global Asset Management LLC’s holdings in Costco Wholesale were worth $4,859,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC bought a new stake in Costco Wholesale in the first quarter valued at $3,461,159,000. Kingstone Capital Partners Texas LLC boosted its stake in shares of Costco Wholesale by 418,980.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock valued at $2,335,686,000 after purchasing an additional 2,358,859 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Costco Wholesale by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after purchasing an additional 443,101 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Costco Wholesale by 84.0% in the 1st quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock worth $768,114,000 after purchasing an additional 370,806 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Costco Wholesale by 5.2% during the 1st quarter. Invesco Ltd. now owns 3,907,670 shares of the retailer’s stock worth $3,695,796,000 after purchasing an additional 191,985 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This represents a 20.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the firm’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the transaction, the executive vice president owned 5,774 shares in the company, valued at $5,629,419.04. This represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 2.9%

Shares of COST opened at $915.95 on Friday. The stock’s fifty day simple moving average is $955.70 and its 200-day simple moving average is $971.07. The firm has a market capitalization of $406.21 billion, a PE ratio of 50.30, a price-to-earnings-growth ratio of 5.15 and a beta of 0.97. Costco Wholesale Corporation has a 12-month low of $867.16 and a 12-month high of $1,078.23. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping the consensus estimate of $5.81 by $0.06. Costco Wholesale had a return on equity of 31.10% and a net margin of 2.94%.The firm had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same period in the previous year, the business posted $5.15 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s dividend payout ratio is currently 28.56%.

Analyst Upgrades and Downgrades

A number of research firms have commented on COST. The Goldman Sachs Group boosted their price target on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a research report on Friday. Sanford C. Bernstein lifted their target price on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research note on Friday. Wolfe Research initiated coverage on Costco Wholesale in a report on Thursday, September 18th. They issued a “peer perform” rating on the stock. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Finally, DA Davidson reiterated a “neutral” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research report on Friday. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,069.58.

Costco Wholesale Profile

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