Waratah Capital Advisors Ltd. Trims Stake in Costco Wholesale Co. (NASDAQ:COST)

Waratah Capital Advisors Ltd. reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 62.1% in the third quarter, Holdings Channel reports. The firm owned 26,520 shares of the retailer’s stock after selling 43,371 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Costco Wholesale were worth $7,641,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in COST. Krane Funds Advisors LLC purchased a new stake in shares of Costco Wholesale during the 2nd quarter valued at $26,000. Massey Quick Simon & CO. LLC purchased a new stake in Costco Wholesale during the second quarter valued at about $27,000. Horan Capital Advisors LLC. bought a new stake in Costco Wholesale during the third quarter worth about $31,000. Cerebellum GP LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter worth about $32,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of Costco Wholesale by 164.3% in the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 111 shares of the retailer’s stock worth $32,000 after purchasing an additional 69 shares in the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Susan L. Decker sold 1,703 shares of Costco Wholesale stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $303.01, for a total transaction of $516,026.03. Following the transaction, the director now directly owns 38,432 shares of the company’s stock, valued at approximately $11,645,280.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Richard A. Galanti sold 1,984 shares of Costco Wholesale stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $302.80, for a total value of $600,755.20. Following the transaction, the chief financial officer now directly owns 26,165 shares in the company, valued at $7,922,762. The disclosure for this sale can be found here. Insiders sold 36,780 shares of company stock worth $11,032,292 over the last quarter. Insiders own 0.21% of the company’s stock.

Several equities analysts have recently commented on the stock. BidaskClub downgraded shares of Costco Wholesale from a “hold” rating to a “sell” rating in a research note on Thursday, November 28th. Deutsche Bank raised their price target on shares of Costco Wholesale from $272.00 to $274.00 and gave the company a “hold” rating in a research report on Tuesday, October 1st. Wells Fargo & Co boosted their price objective on shares of Costco Wholesale from $240.00 to $290.00 and gave the stock a “market perform” rating in a report on Friday, September 6th. ValuEngine cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Loop Capital increased their target price on Costco Wholesale to $330.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $295.04.

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Shares of NASDAQ COST traded down $2.38 during midday trading on Tuesday, hitting $295.01. 466,524 shares of the company’s stock traded hands, compared to its average volume of 1,608,069. The firm has a fifty day moving average of $299.93 and a 200 day moving average of $280.34. Costco Wholesale Co. has a 1 year low of $189.51 and a 1 year high of $307.34. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 1.01. The stock has a market capitalization of $131.81 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 4.12 and a beta of 0.91.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 3rd. The retailer reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.15. The company had revenue of $47.50 billion for the quarter, compared to the consensus estimate of $47.71 billion. Costco Wholesale had a net margin of 2.40% and a return on equity of 25.00%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.36 earnings per share. On average, equities analysts anticipate that Costco Wholesale Co. will post 8.56 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.60 dividend on an annualized basis and a yield of 0.88%. Costco Wholesale’s dividend payout ratio is currently 31.75%.

Costco Wholesale 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.

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Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).

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

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