Wittenberg Investment Management Inc. Has $613,000 Holdings in Costco Wholesale Corporation (COST)

Wittenberg Investment Management Inc. maintained its position in Costco Wholesale Corporation (NASDAQ:COST) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,832 shares of the retailer’s stock at the end of the 2nd quarter. Wittenberg Investment Management Inc.’s holdings in Costco Wholesale Corporation were worth $613,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COST. Harbour Capital Advisors LLC grew its stake in shares of Costco Wholesale Corporation by 15,937.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock valued at $9,058,000 after buying an additional 1,439,613 shares during the period. BlackRock Inc. grew its stake in shares of Costco Wholesale Corporation by 2.9% in the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after buying an additional 703,825 shares during the period. Magellan Asset Management Ltd grew its stake in shares of Costco Wholesale Corporation by 13.9% in the 1st quarter. Magellan Asset Management Ltd now owns 4,362,576 shares of the retailer’s stock valued at $732,000,000 after buying an additional 532,896 shares during the period. Principal Financial Group Inc. grew its stake in shares of Costco Wholesale Corporation by 76.1% in the 2nd quarter. Principal Financial Group Inc. now owns 1,221,685 shares of the retailer’s stock valued at $195,385,000 after buying an additional 527,746 shares during the period. Finally, Janus Capital Management LLC grew its stake in shares of Costco Wholesale Corporation by 8.6% in the 1st quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock valued at $768,494,000 after buying an additional 361,581 shares during the period. Institutional investors and hedge funds own 72.76% of the company’s stock.

COST has been the subject of several research reports. Cowen and Company set a $180.00 target price on Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Saturday, July 22nd. Vetr upgraded Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $168.75 target price for the company in a research note on Monday, July 24th. Robert W. Baird set a $200.00 target price on Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. Deutsche Bank AG set a $172.00 target price on Costco Wholesale Corporation and gave the company a “hold” rating in a research note on Monday, July 31st. Finally, BidaskClub upgraded Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Twelve analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $178.34.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Stock Observer and is owned by of Stock Observer. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.thestockobserver.com/2017/11/15/wittenberg-investment-management-inc-has-613000-holdings-in-costco-wholesale-corporation-cost.html.

In related news, insider John D. Mckay sold 8,111 shares of Costco Wholesale Corporation stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $172.78, for a total value of $1,401,418.58. Following the completion of the transaction, the insider now directly owns 66,751 shares in the company, valued at approximately $11,533,237.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dennis R. Zook sold 5,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $161.92, for a total transaction of $809,600.00. Following the completion of the transaction, the vice president now owns 626 shares of the company’s stock, valued at $101,361.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,842 shares of company stock valued at $5,128,658. 0.74% of the stock is currently owned by company insiders.

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at $171.44 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.99. Costco Wholesale Corporation has a one year low of $149.50 and a one year high of $183.18. The stock has a market cap of $74,920.00, a P/E ratio of 29.46, a PEG ratio of 2.74 and a beta of 0.93.

Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The company had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. During the same quarter last year, the business posted $1.77 EPS. Costco Wholesale Corporation’s quarterly revenue was up 15.7% compared to the same quarter last year. research analysts expect that Costco Wholesale Corporation will post 6.45 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.17%. Costco Wholesale Corporation’s payout ratio is currently 32.89%.

Costco Wholesale Corporation 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.

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COST).

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

Receive News & Ratings for Costco Wholesale Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply