GW&K Investment Management LLC Sells 938 Shares of Costco Wholesale Co. (NASDAQ:COST)

GW&K Investment Management LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,505 shares of the retailer’s stock after selling 938 shares during the period. GW&K Investment Management LLC’s holdings in Costco Wholesale were worth $14,403,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BKD Wealth Advisors LLC lifted its holdings in Costco Wholesale by 2.6% during the 2nd quarter. BKD Wealth Advisors LLC now owns 1,533 shares of the retailer’s stock worth $405,000 after buying an additional 39 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in shares of Costco Wholesale by 0.3% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 14,527 shares of the retailer’s stock valued at $3,839,000 after acquiring an additional 40 shares in the last quarter. Kistler Tiffany Companies LLC boosted its holdings in Costco Wholesale by 1.5% in the first quarter. Kistler Tiffany Companies LLC now owns 2,771 shares of the retailer’s stock valued at $671,000 after purchasing an additional 41 shares during the period. Canton Hathaway LLC boosted its holdings in Costco Wholesale by 41.0% in the second quarter. Canton Hathaway LLC now owns 141 shares of the retailer’s stock valued at $37,000 after purchasing an additional 41 shares during the period. Finally, Nichols & Pratt Advisers LLP MA boosted its holdings in Costco Wholesale by 0.9% in the first quarter. Nichols & Pratt Advisers LLP MA now owns 5,018 shares of the retailer’s stock valued at $1,215,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 71.14% of the company’s stock.

Shares of COST stock traded down $2.00 during trading hours on Tuesday, reaching $297.00. 1,738,904 shares of the company’s stock were exchanged, compared to its average volume of 2,071,961. The company’s 50 day moving average is $281.43 and its two-hundred day moving average is $256.09. The company has a market cap of $133.59 billion, a P/E ratio of 43.48, a price-to-earnings-growth ratio of 4.03 and a beta of 0.93. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.98 and a quick ratio of 0.48. Costco Wholesale Co. has a 1 year low of $189.51 and a 1 year high of $307.34.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, August 29th. This represents a $2.60 annualized dividend and a yield of 0.88%. Costco Wholesale’s payout ratio is currently 38.07%.

COST has been the topic of several recent research reports. Deutsche Bank set a $252.00 price target on Costco Wholesale and gave the stock a “hold” rating in a report on Monday, July 15th. UBS Group upped their target price on shares of Costco Wholesale from $280.00 to $335.00 and gave the stock a “buy” rating in a research note on Monday. Guggenheim reiterated a “hold” rating on shares of Costco Wholesale in a research note on Friday. Morgan Stanley boosted their price target on shares of Costco Wholesale from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, June 3rd. Finally, Raymond James increased their price objective on shares of Costco Wholesale from $260.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Eight investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $283.50.

In other news, Director Susan L. Decker sold 1,646 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $268.25, for a total value of $441,539.50. Following the completion of the transaction, the director now owns 41,803 shares in the company, valued at $11,213,654.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP James P. Murphy sold 10,000 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $265.85, for a total value of $2,658,500.00. Following the completion of the sale, the vice president now owns 45,100 shares in the company, valued at $11,989,835. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,346 shares of company stock valued at $4,888,035. 0.21% of the stock is currently owned by corporate insiders.

About Costco Wholesale

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

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