Chicago Partners Investment Group LLC Purchases 338 Shares of Costco Wholesale Corporation $COST

Chicago Partners Investment Group LLC increased its position in Costco Wholesale Corporation (NASDAQ:COST) by 6.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,975 shares of the retailer’s stock after buying an additional 338 shares during the period. Chicago Partners Investment Group LLC’s holdings in Costco Wholesale were worth $5,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bulwark Capital Corp acquired a new position in shares of Costco Wholesale during the second quarter worth approximately $25,000. Anderson Financial Strategies LLC grew its stake in shares of Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after acquiring an additional 36 shares during the last quarter. Financial Connections Group Inc. increased its position in Costco Wholesale by 975.0% during the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after acquiring an additional 39 shares during the period. Frazier Financial Advisors LLC raised its stake in Costco Wholesale by 72.0% during the 2nd quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock valued at $43,000 after purchasing an additional 18 shares during the last quarter. Finally, eCIO Inc. acquired a new position in Costco Wholesale during the 1st quarter valued at $48,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity

In other news, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the sale, the executive vice president owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the transaction, the executive vice president directly owned 9,740 shares of the company’s stock, valued at $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

COST has been the topic of several research reports. Mizuho dropped their price objective on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Oppenheimer reissued an “outperform” rating and set a $1,130.00 target price on shares of Costco Wholesale in a research report on Friday, September 26th. BTIG Research assumed coverage on Costco Wholesale in a report on Tuesday. They issued a “buy” rating and a $1,115.00 price target for the company. Daiwa Capital Markets decreased their price objective on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Finally, Sanford C. Bernstein boosted their price objective on Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,068.15.

Costco Wholesale Stock Up 1.2%

NASDAQ COST opened at $936.33 on Friday. Costco Wholesale Corporation has a 1-year low of $867.34 and a 1-year high of $1,078.23. The company has a market capitalization of $414.96 billion, a price-to-earnings ratio of 51.42, a PEG ratio of 5.68 and a beta of 0.98. The stock’s 50 day moving average is $949.51 and its two-hundred day moving average is $971.53. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping the consensus estimate of $5.81 by $0.06. The business had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.Costco Wholesale’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $5.15 EPS. Equities analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 31st. Costco Wholesale’s payout ratio is currently 28.56%.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.