Calamos Advisors LLC Boosts Position in Costco Wholesale Co. (COST)

Calamos Advisors LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,503 shares of the retailer’s stock after acquiring an additional 1,256 shares during the quarter. Calamos Advisors LLC’s holdings in Costco Wholesale were worth $28,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of COST. Almanack Investment Partners LLC. purchased a new position in Costco Wholesale during the 2nd quarter worth $101,000. Northwest Investment Counselors LLC purchased a new position in Costco Wholesale during the 2nd quarter worth $107,000. Mercer Capital Advisers Inc. boosted its holdings in Costco Wholesale by 3.5% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after acquiring an additional 23 shares during the last quarter. Ledyard National Bank boosted its holdings in Costco Wholesale by 19.1% during the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after acquiring an additional 130 shares during the last quarter. Finally, Bruderman Asset Management LLC purchased a new position in Costco Wholesale during the 2nd quarter worth $139,000. 71.49% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $164.92, for a total transaction of $164,920.00. Following the sale, the director now directly owns 6,974 shares in the company, valued at $1,150,152.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Timothy L. Rose sold 5,000 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $193.20, for a total value of $966,000.00. Following the sale, the vice president now owns 52,529 shares in the company, valued at $10,148,602.80. The disclosure for this sale can be found here. Insiders sold a total of 37,842 shares of company stock worth $6,486,848 over the last 90 days. 0.74% of the stock is currently owned by company insiders.

A number of equities analysts recently weighed in on COST shares. Vetr raised shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating and set a $182.22 price target on the stock in a report on Monday, August 21st. Deutsche Bank reissued a “hold” rating and issued a $172.00 price target on shares of Costco Wholesale in a report on Tuesday, September 5th. Citigroup reissued a “buy” rating and issued a $190.00 price target (up from $187.00) on shares of Costco Wholesale in a report on Monday, October 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $190.00 price target (up from $184.00) on shares of Costco Wholesale in a report on Friday, October 6th. Finally, Jefferies Group reissued a “hold” rating and issued a $162.00 price target (down from $168.00) on shares of Costco Wholesale in a report on Friday, October 6th. Eleven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Costco Wholesale has an average rating of “Buy” and a consensus price target of $186.65.

Shares of Costco Wholesale Co. (NASDAQ COST) opened at $192.31 on Tuesday. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $195.35. The stock has a market capitalization of $84,720.00, a PE ratio of 32.07, a P/E/G ratio of 3.12 and a beta of 0.98. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.41% and a net margin of 2.09%. The business had revenue of $31.81 billion for the quarter, compared to analysts’ expectations of $31.01 billion. During the same period in the previous year, the business posted $1.24 EPS. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. equities analysts anticipate that Costco Wholesale Co. will post 6.5 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Thursday, November 16th. Costco Wholesale’s dividend payout ratio is currently 32.95%.

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Costco Wholesale 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 (NASDAQ:COST)

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