Checchi Capital Advisers LLC Raises Stake in Costco Wholesale Co. (COST)

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Checchi Capital Advisers LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,746 shares of the retailer’s stock after acquiring an additional 420 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Costco Wholesale were worth $1,115,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Parkside Investments LLC purchased a new position in Costco Wholesale during the third quarter valued at approximately $105,000. MUFG Securities EMEA plc acquired a new stake in Costco Wholesale in the second quarter valued at approximately $103,000. Capital Advisors Ltd. LLC boosted its stake in Costco Wholesale by 180.0% in the third quarter. Capital Advisors Ltd. LLC now owns 560 shares of the retailer’s stock valued at $132,000 after acquiring an additional 360 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Costco Wholesale in the second quarter valued at approximately $119,000. Finally, Legacy Advisors LLC boosted its stake in Costco Wholesale by 632.9% in the third quarter. Legacy Advisors LLC now owns 579 shares of the retailer’s stock valued at $136,000 after acquiring an additional 500 shares in the last quarter. 71.49% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on COST. BidaskClub upgraded shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 23rd. Northcoast Research upgraded shares of Costco Wholesale from a “neutral” rating to a “buy” rating in a research note on Friday, October 12th. Argus restated a “buy” rating and issued a $255.00 target price on shares of Costco Wholesale in a research note on Thursday, October 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 Wednesday, October 10th. Finally, Royal Bank of Canada lowered their target price on shares of Costco Wholesale from $255.00 to $253.00 and set an “outperform” rating for the company in a research note on Friday, October 5th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Costco Wholesale has an average rating of “Buy” and a consensus target price of $237.94.

In other news, VP Franz E. Lazarus sold 23,000 shares of Costco Wholesale stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $226.76, for a total transaction of $5,215,480.00. Following the completion of the sale, the vice president now directly owns 6,830 shares in the company, valued at $1,548,770.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $233.14, for a total transaction of $699,420.00. Following the transaction, the director now owns 8,654 shares of the company’s stock, valued at $2,017,593.56. The disclosure for this sale can be found here. Insiders have sold 60,149 shares of company stock valued at $13,601,314 over the last quarter. Insiders own 0.74% of the company’s stock.

NASDAQ:COST opened at $228.63 on Thursday. Costco Wholesale Co. has a 12 month low of $159.72 and a 12 month high of $245.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.46. The firm has a market cap of $99.88 billion, a PE ratio of 33.32, a P/E/G ratio of 2.91 and a beta of 0.95.

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 Thomson Reuters’ consensus estimate of $2.34 by $0.02. Costco Wholesale had a net margin of 2.21% and a return on equity of 24.67%. The business had revenue of $44.41 billion during the quarter, compared to the consensus estimate of $44.17 billion. During the same period in the previous year, the firm posted $2.08 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts predict that Costco Wholesale Co. will post 7.7 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Friday, November 9th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.28 annualized dividend and a dividend yield of 1.00%. Costco Wholesale’s payout ratio is currently 33.38%.

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.

Read More: Balance Sheet

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

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