Hoylecohen LLC Boosts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Hoylecohen LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 2.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 31,207 shares of the retailer’s stock after acquiring an additional 644 shares during the period. Costco Wholesale accounts for approximately 1.7% of Hoylecohen LLC’s holdings, making the stock its 12th biggest holding. Hoylecohen LLC’s holdings in Costco Wholesale were worth $20,599,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Enterprise Financial Services Corp grew its position in shares of Costco Wholesale by 1.6% during the 4th quarter. Enterprise Financial Services Corp now owns 892 shares of the retailer’s stock worth $589,000 after buying an additional 14 shares during the period. Howard Financial Services LTD. lifted its stake in Costco Wholesale by 1.8% in the 4th quarter. Howard Financial Services LTD. now owns 870 shares of the retailer’s stock valued at $574,000 after acquiring an additional 15 shares in the last quarter. First National Corp MA ADV raised its stake in shares of Costco Wholesale by 0.5% during the 4th quarter. First National Corp MA ADV now owns 3,098 shares of the retailer’s stock worth $2,045,000 after purchasing an additional 15 shares in the last quarter. Morton Capital Management LLC CA raised its stake in shares of Costco Wholesale by 1.0% during the 4th quarter. Morton Capital Management LLC CA now owns 1,564 shares of the retailer’s stock worth $1,032,000 after purchasing an additional 15 shares in the last quarter. Finally, Insight Advisors LLC PA raised its stake in shares of Costco Wholesale by 0.6% during the 4th quarter. Insight Advisors LLC PA now owns 2,736 shares of the retailer’s stock worth $1,807,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of a number of recent analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $800.00 target price on shares of Costco Wholesale in a report on Monday, May 6th. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price on the stock. in a report on Wednesday, April 3rd. Evercore ISI upped their price objective on Costco Wholesale from $810.00 to $820.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Roth Mkm upped their price objective on Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Wells Fargo & Company upped their price objective on Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $696.88.

Get Our Latest Stock Report on Costco Wholesale

Costco Wholesale Price Performance

NASDAQ COST traded up $13.39 during trading on Friday, hitting $809.73. 1,621,928 shares of the company’s stock were exchanged, compared to its average volume of 1,970,665. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. The company has a market cap of $359.12 billion, a PE ratio of 53.09, a P/E/G ratio of 5.34 and a beta of 0.77. Costco Wholesale Co. has a fifty-two week low of $476.75 and a fifty-two week high of $816.87. The stock’s 50 day moving average price is $740.99 and its two-hundred day moving average price is $693.83.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company had revenue of $58.44 billion for the quarter, compared to analyst estimates of $59.11 billion. During the same period in the prior year, the firm posted $3.30 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Research analysts expect that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were paid a $1.16 dividend. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $4.64 annualized dividend and a dividend yield of 0.57%. Costco Wholesale’s dividend payout ratio is presently 30.35%.

Insider Transactions at Costco Wholesale

In related news, EVP Russell D. Miller sold 785 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the transaction, the executive vice president now owns 10,000 shares in the company, valued at $7,228,600. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the transaction, the executive vice president now owns 10,000 shares in the company, valued at $7,228,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the transaction, the executive vice president now owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

About Costco Wholesale

(Free Report)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

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

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