Costco Wholesale Corporation (COST) Shares Sold by Condor Capital Management

Condor Capital Management trimmed its position in Costco Wholesale Corporation (NASDAQ:COST) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,737 shares of the retailer’s stock after selling 66 shares during the quarter. Condor Capital Management’s holdings in Costco Wholesale Corporation were worth $758,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Delta Asset Management LLC TN raised its stake in shares of Costco Wholesale Corporation by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after purchasing an additional 65 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Costco Wholesale Corporation in the second quarter worth about $107,000. Mercer Capital Advisers Inc. raised its stake in shares of Costco Wholesale Corporation by 3.5% in the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after purchasing an additional 23 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in shares of Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after purchasing an additional 100 shares during the last quarter. Finally, Ledyard National Bank raised its stake in shares of Costco Wholesale Corporation by 19.1% in the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 72.61% of the company’s stock.

In related news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $157.59, for a total value of $157,590.00. Following the transaction, the director now directly owns 6,974 shares of the company’s stock, valued at approximately $1,099,032.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard M. Libenson sold 2,350 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $162.00, for a total value of $380,700.00. Following the completion of the transaction, the director now directly owns 4,109 shares in the company, valued at $665,658. The disclosure for this sale can be found here. Insiders sold a total of 14,350 shares of company stock worth $2,315,710 over the last ninety days. Corporate insiders own 0.74% of the company’s stock.

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Costco Wholesale Corporation (NASDAQ:COST) last issued its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.06. The business had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the company posted $1.77 EPS.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, November 16th. Costco Wholesale Corporation’s dividend payout ratio (DPR) is currently 32.89%.

Several analysts recently commented on COST shares. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale Corporation in a report on Thursday, July 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a $185.00 target price on shares of Costco Wholesale Corporation in a report on Thursday, July 6th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a report on Friday, July 7th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of Costco Wholesale Corporation in a report on Thursday, July 6th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a report on Thursday, July 6th. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Costco Wholesale Corporation presently has an average rating of “Buy” and a consensus price target of $178.50.

Costco Wholesale Corporation Company Profile

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

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

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