Trade Report: The Dynamic Advisors Solutions LLC decreases its position in Costco Wholesale Corp. (COST)

The Dynamic Advisors Solutions LLC decreases its position in Costco Wholesale Corp. (COST)

Dynamic Advisors Solutions LLC reduced its stake in shares of Costco Wholesale Corp. (NASDAQ:COST) by 29.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,251 shares of the retailer’s stock after selling 3,878 shares during the period. Dynamic Advisors Solutions LLC’s holdings in Costco Wholesale Corp. were worth $1,411,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. FCM Investments TX bought a new stake in Costco Wholesale Corp. during the second quarter valued at $133,000. Global X Management Co. LLC increased its stake in Costco Wholesale Corp. by 276.6% in the second quarter. Global X Management Co. LLC now owns 983 shares of the retailer’s stock valued at $154,000 after buying an additional 722 shares during the period. PineBridge Investments L.P. increased its stake in Costco Wholesale Corp. by 11.5% in the second quarter. PineBridge Investments L.P. now owns 1,078 shares of the retailer’s stock valued at $169,000 after buying an additional 111 shares during the period. Signaturefd LLC increased its stake in Costco Wholesale Corp. by 81.4% in the second quarter. Signaturefd LLC now owns 1,094 shares of the retailer’s stock valued at $172,000 after buying an additional 491 shares during the period. Finally, Suncoast Equity Management bought a new stake in Costco Wholesale Corp. during the second quarter valued at $204,000. Hedge funds and other institutional investors own 72.58% of the company’s stock.

Shares of Costco Wholesale Corp. (NASDAQ:COST) traded up 0.18% on Friday, reaching $151.88. 886,780 shares of the company’s stock traded hands. The firm has a market capitalization of $66.39 billion, a price-to-earnings ratio of 28.50 and a beta of 0.85. The company has a 50 day moving average price of $149.35 and a 200 day moving average price of $155.43. Costco Wholesale Corp. has a 52 week low of $138.57 and a 52 week high of $169.73.

Costco Wholesale Corp. (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 29th. The retailer reported $1.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.04. The company earned $35.73 billion during the quarter. Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.26%. Costco Wholesale Corp.’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.73 earnings per share. On average, equities research analysts predict that Costco Wholesale Corp. will post $5.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, November 2nd. Costco Wholesale Corp.’s dividend payout ratio is currently 33.71%.

Several equities analysts have commented on COST shares. Robert W. Baird set a $175.00 price target on shares of Costco Wholesale Corp. and gave the stock a “buy” rating in a research note on Friday, September 23rd. RBC Capital Markets restated an “outperform” rating and issued a $178.00 price target (up previously from $177.00) on shares of Costco Wholesale Corp. in a research note on Friday, September 30th. Wells Fargo & Co. started coverage on shares of Costco Wholesale Corp. in a research note on Tuesday, October 18th. They issued a “market perform” rating and a $155.00 price target for the company. They noted that the move was a valuation call. Barclays PLC set a $158.00 price target on shares of Costco Wholesale Corp. and gave the stock a “hold” rating in a research note on Sunday, October 2nd. Finally, Cowen and Company restated an “outperform” rating and issued a $170.00 price target on shares of Costco Wholesale Corp. in a research note on Thursday, October 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $172.11.

In other Costco Wholesale Corp. news, Director Richard M. Libenson sold 2,385 shares of the firm’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $151.00, for a total transaction of $360,135.00. Following the completion of the transaction, the director now directly owns 4,449 shares of the company’s stock, valued at approximately $671,799. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James D. Sinegal sold 20,114 shares of the firm’s stock in a transaction on Friday, October 7th. The stock was sold at an average price of $149.02, for a total transaction of $2,997,388.28. Following the transaction, the director now directly owns 768,136 shares of the company’s stock, valued at $114,467,626.72. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

Costco Wholesale Corp. Company Profile

Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.

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