We Are One Seven LLC Invests $286,000 in Costco Wholesale Co. (COST) Stock

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We Are One Seven LLC acquired a new stake in Costco Wholesale Co. (NASDAQ:COST) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,218 shares of the retailer’s stock, valued at approximately $286,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Costco Wholesale by 3.3% in the 2nd quarter. BlackRock Inc. now owns 27,121,793 shares of the retailer’s stock valued at $5,667,910,000 after acquiring an additional 858,755 shares in the last quarter. FMR LLC lifted its position in Costco Wholesale by 13.5% in the 2nd quarter. FMR LLC now owns 10,570,895 shares of the retailer’s stock valued at $2,209,107,000 after acquiring an additional 1,256,873 shares in the last quarter. Northern Trust Corp lifted its position in Costco Wholesale by 0.6% in the 2nd quarter. Northern Trust Corp now owns 6,229,389 shares of the retailer’s stock valued at $1,301,817,000 after acquiring an additional 37,778 shares in the last quarter. Fisher Asset Management LLC lifted its position in Costco Wholesale by 4.4% in the 2nd quarter. Fisher Asset Management LLC now owns 2,597,844 shares of the retailer’s stock valued at $542,898,000 after acquiring an additional 109,028 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Costco Wholesale by 1.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,800,072 shares of the retailer’s stock valued at $376,180,000 after acquiring an additional 23,227 shares in the last quarter. 71.49% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:COST opened at $226.95 on Friday. The company has a quick ratio of 0.47, a current ratio of 1.01 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $103.00 billion, a PE ratio of 38.99, a P/E/G ratio of 2.78 and a beta of 0.95. Costco Wholesale Co. has a one year low of $157.00 and a one year high of $245.16.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 4th. The retailer reported $2.36 EPS for the quarter, topping the consensus estimate of $2.34 by $0.02. The firm had revenue of $44.41 billion during 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 was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.08 EPS. Sell-side analysts expect that Costco Wholesale Co. will post 6.8 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were paid a $0.57 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $2.28 annualized dividend and a dividend yield of 1.00%. Costco Wholesale’s dividend payout ratio (DPR) is 39.18%.

A number of equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 22nd. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $270.00 target price for the company in a research note on Tuesday, September 11th. Loop Capital set a $265.00 target price on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Thursday, September 6th. Finally, Oppenheimer boosted their target price on shares of Costco Wholesale from $210.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, August 21st. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $237.94.

In other news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $218.65, for a total value of $655,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James P. Murphy sold 15,000 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $219.22, for a total value of $3,288,300.00. Following the completion of the sale, the vice president now owns 33,834 shares of the company’s stock, valued at $7,417,089.48. The disclosure for this sale can be found here. Insiders sold a total of 24,000 shares of company stock valued at $5,351,100 over the last 90 days. 0.58% of the stock is currently owned by company insiders.

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

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