Motley Fool Wealth Management LLC Boosts Holdings in Costco Wholesale Co. (COST)

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Motley Fool Wealth Management LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,861 shares of the retailer’s stock after acquiring an additional 397 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Costco Wholesale were worth $6,309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of COST. Parkside Investments LLC acquired a new position in Costco Wholesale during the third quarter valued at approximately $105,000. MUFG Securities EMEA plc acquired a new position in Costco Wholesale during the second quarter valued at approximately $103,000. Capital Advisors Ltd. LLC grew its holdings in Costco Wholesale by 180.0% during the third quarter. Capital Advisors Ltd. LLC now owns 560 shares of the retailer’s stock valued at $132,000 after purchasing an additional 360 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Costco Wholesale during the second quarter valued at approximately $119,000. Finally, Legacy Advisors LLC grew its holdings in Costco Wholesale by 632.9% during the third quarter. Legacy Advisors LLC now owns 579 shares of the retailer’s stock valued at $136,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 71.61% of the company’s stock.

Shares of COST opened at $229.94 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.46 and a current ratio of 1.02. Costco Wholesale Co. has a twelve month low of $169.16 and a twelve month high of $245.16. The company has a market capitalization of $102.60 billion, a price-to-earnings ratio of 33.67, a P/E/G ratio of 2.98 and a beta of 0.91.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 4th. The retailer reported $2.36 EPS for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.02. The business had revenue of $44.41 billion for the quarter, compared to analyst estimates of $44.17 billion. Costco Wholesale had a net margin of 2.21% and a return on equity of 24.67%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.08 earnings per share. Analysts anticipate that Costco Wholesale Co. will post 7.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Friday, November 9th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, November 8th. Costco Wholesale’s dividend payout ratio is presently 33.38%.

A number of research analysts recently issued reports on COST shares. Oppenheimer boosted their price objective on shares of Costco Wholesale from $210.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, August 21st. Wells Fargo & Co lowered shares of Costco Wholesale from an “outperform” rating to a “market perform” rating and set a $235.00 price target on the stock. in a research note on Friday, September 14th. Loop Capital set a $265.00 price target on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Thursday, September 6th. Royal Bank of Canada cut their price target on shares of 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, JPMorgan Chase & Co. lifted their price target on shares of Costco Wholesale from $227.00 to $255.00 and gave the company an “overweight” rating in a research note on Monday, September 17th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $237.94.

In other news, VP Richard A. Galanti sold 4,163 shares of the business’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $227.23, for a total value of $945,958.49. Following the sale, the vice president now owns 32,270 shares of the company’s stock, valued at $7,332,712.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard M. Libenson sold 2,049 shares of the business’s stock in a transaction on Thursday, October 25th. The stock was sold at an average price of $224.00, for a total transaction of $458,976.00. Following the completion of the sale, the director now directly owns 3,049 shares in the company, valued at approximately $682,976. The disclosure for this sale can be found here. In the last three months, insiders sold 64,312 shares of company stock worth $14,547,272. 0.74% of the stock is currently owned by insiders.

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About Costco Wholesale

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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