BLB&B Advisors LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,094 shares of the retailer’s stock after purchasing an additional 1,020 shares during the period. BLB&B Advisors LLC’s holdings in Costco Wholesale were worth $2,606,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in COST. Ancora Advisors LLC raised its stake in shares of Costco Wholesale by 28.2% in the first quarter. Ancora Advisors LLC now owns 14,008 shares of the retailer’s stock valued at $2,639,000 after acquiring an additional 3,078 shares in the last quarter. Hancock Holding Co. acquired a new stake in shares of Costco Wholesale in the first quarter valued at $930,000. LPL Financial LLC raised its stake in shares of Costco Wholesale by 3.4% in the first quarter. LPL Financial LLC now owns 210,863 shares of the retailer’s stock valued at $39,733,000 after acquiring an additional 7,019 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in shares of Costco Wholesale by 5.9% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 354,387 shares of the retailer’s stock valued at $66,777,000 after acquiring an additional 19,719 shares in the last quarter. Finally, TLP Group LLC raised its stake in shares of Costco Wholesale by 113.1% in the first quarter. TLP Group LLC now owns 2,333 shares of the retailer’s stock valued at $440,000 after acquiring an additional 1,238 shares in the last quarter. Institutional investors own 71.49% of the company’s stock.
Several analysts have recently issued reports on the company. Northcoast Research upgraded Costco Wholesale from a “neutral” rating to a “buy” rating in a research note on Friday. Argus reiterated a “buy” rating and issued a $255.00 price objective on shares of Costco Wholesale in a research note on Thursday. Loop Capital set a $265.00 price objective on Costco Wholesale and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada reduced their price objective on Costco Wholesale from $255.00 to $253.00 and set an “outperform” rating on the stock in a research note on Friday, October 5th. Finally, Bank of America set a $255.00 price objective on Costco Wholesale and gave the company a “buy” rating in a research note on Thursday, October 4th. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Costco Wholesale presently has an average rating of “Buy” and an average price target of $237.94.
In other Costco Wholesale news, VP James P. Murphy sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $219.22, for a total transaction of $3,288,300.00. Following the transaction, the vice president now owns 33,834 shares of the company’s stock, valued at $7,417,089.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $235.81, for a total value of $707,430.00. Following the transaction, the director now directly owns 8,654 shares in the company, valued at approximately $2,040,699.74. The disclosure for this sale can be found here. Insiders sold 24,000 shares of company stock worth $5,351,100 in the last three months. 0.58% of the stock is currently owned by corporate insiders.
NASDAQ:COST opened at $226.95 on Friday. The firm has a market capitalization of $103.00 billion, a P/E ratio of 38.99, a price-to-earnings-growth ratio of 2.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.47 and a current ratio of 1.01. Costco Wholesale Co. has a 12 month low of $157.00 and a 12 month high of $245.16.
Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, October 4th. The retailer reported $2.36 EPS for the quarter, beating the consensus estimate of $2.34 by $0.02. The firm had revenue of $44.41 billion for the quarter, compared to analyst estimates of $44.17 billion. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.16%. Costco Wholesale’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.08 earnings per share. Analysts predict that Costco Wholesale Co. will post 6.8 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.00%. The ex-dividend date was Thursday, August 30th. Costco Wholesale’s dividend payout ratio (DPR) is presently 39.18%.
Costco Wholesale Profile
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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