Thomas Story & Son LLC purchased a new stake in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,080 shares of the retailer’s stock, valued at approximately $4,110,000. Costco Wholesale accounts for approximately 2.3% of Thomas Story & Son LLC’s portfolio, making the stock its 18th biggest position.
A number of other large investors also recently made changes to their positions in the business. Almanack Investment Partners LLC. acquired a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $101,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $102,000. Jacobus Wealth Management Inc. acquired a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $103,000. Shamrock Asset Management LLC raised its stake in shares of Costco Wholesale by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after buying an additional 418 shares during the period. Finally, Zions Bancorporation raised its stake in shares of Costco Wholesale by 148.4% during the 3rd quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock worth $113,000 after buying an additional 411 shares during the period. 72.06% of the stock is owned by institutional investors.
COST has been the subject of several research analyst reports. Tigress Financial reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Friday, January 5th. Vetr raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 target price for the company in a research note on Monday, February 5th. Moffett Nathanson initiated coverage on Costco Wholesale in a research note on Monday, December 4th. They set a “buy” rating for the company. < Oppenheimer upped their target price on Costco Wholesale from $180.00 to $210.00 and gave the stock an "outperform" rating in a research note on Monday, January 8th. Finally, Guggenheim reaffirmed a "hold" rating on shares of Costco Wholesale in a research note on Wednesday, November 22nd. Nine research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. The company presently has a consensus rating of "Buy" and an average target price of $190.36.
Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The company had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.24 EPS. equities research analysts anticipate that Costco Wholesale Co. will post 6.71 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, February 15th. Costco Wholesale’s payout ratio is currently 31.80%.
In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $183.26, for a total value of $549,780.00. Following the completion of the sale, the director now directly owns 8,654 shares in the company, valued at approximately $1,585,932.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard M. Libenson sold 20,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $193.03, for a total value of $3,860,600.00. Following the completion of the sale, the director now owns 3,919 shares of the company’s stock, valued at $756,484.57. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,185 shares of company stock valued at $17,408,817. 0.58% of the stock is owned by company insiders.
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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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