Berman Capital Advisors LLC Buys Shares of 877 Costco Wholesale

15/nov/2018 08:39:34 komma Contatta l'autore

Berman Capital Advisors LLC bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST), the free drop shipping wholesalers in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 877 shares of the retailer’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Nwam LLC increased its holdings in shares of Costco Wholesale by 1.5% in the 2nd quarter. Nwam LLC now owns 18,251 shares of the retailer’s stock valued at $3,814,000 after purchasing an additional 264 shares during the period. Hills Bank & Trust Co. increased its holdings in shares of Costco Wholesale by 4.2% in the 2nd quarter. Hills Bank & Trust Co. now owns 6,328 shares of the retailer’s stock valued at $1,322,000 after purchasing an additional 254 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at about $664,000. Dubuque Bank & Trust Co. increased its holdings in shares of Costco Wholesale by 10.0% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 31,944 shares of the retailer’s stock valued at $6,675,000 after purchasing an additional 2,910 shares during the period. Finally, Calamos Advisors LLC increased its holdings in shares of Costco Wholesale by 3.9% in the 2nd quarter. Calamos Advisors LLC now owns 173,775 shares of the retailer’s stock valued at $36,315,000 after purchasing an additional 6,499 shares during the period. Institutional investors and hedge funds own 71.61% of the company’s stock.

Get Costco Wholesale alerts:

A number of equities analysts have recently weighed in on COST shares. Gordon Haskett downgraded Costco wholesale  websites from a “buy” rating to an “accumulate” rating in a report on Wednesday, July 25th. Loop Capital set a $265.00 target price on Costco Wholesale and gave the company a “buy” rating in a report on Wednesday, October 10th. Stifel Nicolaus upped their target price on Costco Wholesale from $220.00 to $245.00 and gave the company a “buy” rating in a report on Friday, September 7th. Deutsche Bank dropped their target price on Costco Wholesale from $226.00 to $223.00 and set a “hold” rating on the stock in a report on Friday, October 5th. Finally, Zacks Investment Research downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Monday, September 17th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $237.94.

NASDAQ:COST opened at $234.14 on Wednesday. Costco Wholesale Co. has a 52 week low of $167.05 and a 52 week high of $245.16. The company has a market capitalization of $104.18 billion, a P/E ratio of 34.28, a PEG ratio of 3.03 and a beta of 0.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.46 and a current ratio of 1.02.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 4th. The retailer reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.02. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.21%. The firm had revenue of $44.41 billion for the quarter, compared to the consensus estimate of $44.17 billion. During the same quarter in the prior year, the company posted $2.08 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 7.7 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 9th will be issued a $0.57 dividend. The ex-dividend date is Thursday, November 8th. This represents a $2.28 dividend on an annualized basis and a yield of 0.97%. Costco Wholesale’s dividend payout ratio is currently 33.38%.

In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $235.81, for a total transaction of $707,430.00. Following the completion of the sale, the director now owns 8,654 shares of the company’s stock, valued at $2,040,699.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Roland Michael Vachris sold 6,600 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $225.88, for a total value of $1,490,808.00. Following the sale, the vice president now directly owns 17,282 shares of the company’s stock, valued at approximately $3,903,658.16. The disclosure for this sale can be found here. Insiders sold 64,312 shares of company stock worth $14,547,272 in the last 90 days. 0.58% of the stock is currently owned by corporate 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.

blog comments powered by Disqus
Comunicati.net è un servizio offerto da Factotum Srl