Costco Wholesale Corporation (NASDAQ:COST) Position Trimmed by Calamos Wealth Management LLC

Calamos Wealth Management LLC lessened its stake in Costco Wholesale Corporation (NASDAQ:COST) by 53.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,357 shares of the retailer’s stock after selling 5,065 shares during the quarter. Calamos Wealth Management LLC’s holdings in Costco Wholesale Corporation were worth $697,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of COST. Lincoln National Corp raised its stake in shares of Costco Wholesale Corporation by 13.8% during the first quarter. Lincoln National Corp now owns 4,912 shares of the retailer’s stock valued at $824,000 after purchasing an additional 595 shares during the period. Karp Capital Management Corp bought a new stake in shares of Costco Wholesale Corporation in the first quarter worth $46,978,000. First Foundation Advisors increased its stake in shares of Costco Wholesale Corporation by 15.6% in the first quarter. First Foundation Advisors now owns 7,373 shares of the retailer’s stock worth $1,236,000 after buying an additional 993 shares during the last quarter. Endurance Wealth Management Inc. increased its stake in shares of Costco Wholesale Corporation by 11.8% in the first quarter. Endurance Wealth Management Inc. now owns 1,900 shares of the retailer’s stock worth $319,000 after buying an additional 200 shares during the last quarter. Finally, Capital Analysts LLC increased its stake in shares of Costco Wholesale Corporation by 11.8% in the first quarter. Capital Analysts LLC now owns 4,842 shares of the retailer’s stock worth $812,000 after buying an additional 511 shares during the last quarter. Hedge funds and other institutional investors own 72.76% of the company’s stock.

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Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at $171.46 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $74,882.54, a P/E ratio of 29.44, a PEG ratio of 2.74 and a beta of 0.93. Costco Wholesale Corporation has a 52 week low of $149.50 and a 52 week high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The company had revenue of $42.30 billion during the quarter, compared to the consensus estimate of $41.55 billion. During the same period last year, the business posted $1.77 earnings per share. Costco Wholesale Corporation’s revenue was up 15.7% on a year-over-year basis. equities research analysts predict that Costco Wholesale Corporation will post 6.45 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, November 16th. Costco Wholesale Corporation’s payout ratio is currently 32.89%.

In related news, CFO Richard A. Galanti sold 3,000 shares of Costco Wholesale Corporation stock in a transaction on Friday, November 10th. The stock was sold at an average price of $170.95, for a total transaction of $512,850.00. Following the completion of the sale, the chief financial officer now owns 35,225 shares of the company’s stock, valued at $6,021,713.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Paul G. Moulton sold 4,381 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $168.16, for a total value of $736,708.96. Following the sale, the vice president now owns 52,858 shares in the company, valued at approximately $8,888,601.28. The disclosure for this sale can be found here. Insiders sold 22,731 shares of company stock valued at $3,727,239 over the last ninety days. Corporate insiders own 0.74% of the company’s stock.

Several brokerages have recently issued reports on COST. Cowen and Company set a $180.00 price target on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a report on Saturday, July 22nd. Vetr upgraded Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $168.75 target price on the stock in a report on Monday, July 24th. Robert W. Baird set a $200.00 target price on Costco Wholesale Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Deutsche Bank AG set a $172.00 target price on Costco Wholesale Corporation and gave the stock a “hold” rating in a research report on Monday, July 31st. Finally, BidaskClub raised Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Twelve investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $178.34.

About Costco Wholesale Corporation

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.

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

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