Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Fiduciary Group LLC

Fiduciary Group LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 42.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,744 shares of the retailer’s stock after buying an additional 2,325 shares during the period. Fiduciary Group LLC’s holdings in Costco Wholesale were worth $4,121,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Schubert & Co increased its position in Costco Wholesale by 73.3% during the second quarter. Schubert & Co now owns 52 shares of the retailer’s stock worth $25,000 after purchasing an additional 22 shares during the last quarter. Lansing Street Advisors purchased a new position in shares of Costco Wholesale in the first quarter valued at approximately $41,000. Cordant Inc. purchased a new position in shares of Costco Wholesale in the first quarter valued at approximately $47,000. Charter Oak Capital Management LLC acquired a new stake in Costco Wholesale in the second quarter valued at approximately $41,000. Finally, Operose Advisors LLC raised its holdings in Costco Wholesale by 152.8% in the first quarter. Operose Advisors LLC now owns 91 shares of the retailer’s stock valued at $52,000 after acquiring an additional 55 shares in the last quarter. 66.83% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

COST stock traded up $2.54 during trading hours on Thursday, hitting $534.49. 1,288,249 shares of the stock traded hands, compared to its average volume of 1,994,013. The stock has a 50-day simple moving average of $491.76 and a 200 day simple moving average of $497.84. Costco Wholesale Co. has a one year low of $406.51 and a one year high of $612.27. The company has a market cap of $236.57 billion, a P/E ratio of 40.68, a P/E/G ratio of 3.59 and a beta of 0.72. The company has a current ratio of 1.02, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31.

Costco Wholesale (NASDAQ:COSTGet Rating) last released its quarterly earnings results on Thursday, September 22nd. The retailer reported $4.20 earnings per share for the quarter, beating analysts’ consensus estimates of $4.17 by $0.03. Costco Wholesale had a return on equity of 29.44% and a net margin of 2.58%. The business had revenue of $72.09 billion during the quarter, compared to analyst estimates of $72 billion. During the same quarter last year, the company posted $3.90 EPS. Costco Wholesale’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities analysts forecast that Costco Wholesale Co. will post 14.45 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Friday, October 28th were given a $0.90 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.67%. Costco Wholesale’s dividend payout ratio (DPR) is 27.40%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Evercore ISI cut their target price on shares of Costco Wholesale from $600.00 to $550.00 in a report on Friday, September 23rd. Wells Fargo & Company lowered shares of Costco Wholesale from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $600.00 to $490.00 in a research report on Monday, November 7th. MKM Partners decreased their price objective on shares of Costco Wholesale from $517.00 to $512.00 in a research report on Friday, September 23rd. DA Davidson boosted their target price on shares of Costco Wholesale from $440.00 to $455.00 in a research note on Friday, September 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $580.00 price objective on shares of Costco Wholesale in a research note on Friday, July 29th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $565.54.

Insider Activity at Costco Wholesale

In related news, EVP Russell D. Miller sold 1,000 shares of the stock in a transaction on Friday, November 4th. The stock was sold at an average price of $483.58, for a total value of $483,580.00. Following the completion of the transaction, the executive vice president now owns 11,593 shares in the company, valued at approximately $5,606,142.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Russell D. Miller sold 1,000 shares of the stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $483.58, for a total value of $483,580.00. Following the completion of the sale, the executive vice president now directly owns 11,593 shares of the company’s stock, valued at approximately $5,606,142.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard A. Galanti sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $471.12, for a total value of $942,240.00. Following the sale, the chief financial officer now directly owns 29,318 shares of the company’s stock, valued at $13,812,296.16. The disclosure for this sale can be found here. Insiders sold 6,500 shares of company stock worth $3,134,235 in the last quarter. 0.22% of the stock is owned by company insiders.

About Costco Wholesale

(Get Rating)

Costco Wholesale Corp. engages in the operation of membership warehouses through wholly owned subsidiaries. It operates through the following geographical segments: United States, Canada, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.

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

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