Alley Co LLC Acquires 941 Shares of Costco Wholesale Co. (COST)

Alley Co LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,720 shares of the retailer’s stock after purchasing an additional 941 shares during the period. Alley Co LLC’s holdings in Costco Wholesale were worth $4,397,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of COST. FMR LLC boosted its stake in Costco Wholesale by 13.5% during the 2nd quarter. FMR LLC now owns 10,570,895 shares of the retailer’s stock worth $2,209,107,000 after purchasing an additional 1,256,873 shares during the period. BlackRock Inc. boosted its stake in Costco Wholesale by 3.3% during the 2nd quarter. BlackRock Inc. now owns 27,121,793 shares of the retailer’s stock worth $5,667,910,000 after purchasing an additional 858,755 shares during the period. Marshall Wace LLP boosted its stake in Costco Wholesale by 1,582.4% during the 2nd quarter. Marshall Wace LLP now owns 250,388 shares of the retailer’s stock worth $52,326,000 after purchasing an additional 235,505 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in Costco Wholesale during the 2nd quarter worth $1,018,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Costco Wholesale by 70.2% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 506,193 shares of the retailer’s stock worth $105,784,000 after purchasing an additional 208,764 shares during the period. Hedge funds and other institutional investors own 71.49% of the company’s stock.

COST stock opened at $228.63 on Thursday. Costco Wholesale Co. has a one year low of $159.72 and a one year high of $245.16. The firm has a market capitalization of $99.88 billion, a PE ratio of 33.32, a PEG ratio of 2.91 and a beta of 0.95. The company has a quick ratio of 0.46, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Costco Wholesale (NASDAQ:COST) last released its earnings results 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 company had revenue of $44.41 billion during the quarter, compared to analysts’ expectations of $44.17 billion. During the same quarter last year, the business earned $2.08 EPS. The business’s revenue was up 5.0% on a year-over-year basis. As a group, research analysts expect that Costco Wholesale Co. will post 7.7 EPS for the current year.

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

A number of brokerages recently weighed in on COST. Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $270.00 price target for the company in a research note on Tuesday, September 11th. BMO Capital Markets set a $260.00 price target on shares of Costco Wholesale and gave the stock a “buy” rating in a research note on Monday, September 10th. Raymond James increased their price target on shares of Costco Wholesale from $225.00 to $252.00 and gave the stock an “outperform” rating in a research note on Monday, September 10th. Wells Fargo & Co cut shares of Costco Wholesale from an “outperform” rating to a “market perform” rating and set a $235.00 price target for the company. in a research note on Friday, September 14th. Finally, Loop Capital set a $265.00 price target on shares of Costco Wholesale and gave the stock a “buy” rating in a research note on Thursday, September 6th. Nine investment 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 presently has an average rating of “Buy” and an average target price of $237.94.

In other news, insider W Craig Jelinek sold 22,500 shares of the stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $223.52, for a total value of $5,029,200.00. Following the completion of the transaction, the insider now owns 322,958 shares in the company, valued at approximately $72,187,572.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $233.14, for a total transaction of $699,420.00. Following the completion of the transaction, the director now owns 8,654 shares of the company’s stock, valued at approximately $2,017,593.56. The disclosure for this sale can be found here. Insiders sold a total of 60,149 shares of company stock valued at $13,601,314 in the last quarter. Insiders own 0.74% of the company’s stock.

Costco Wholesale Company 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.

Further Reading: Return on Investment (ROI) Defined, Explained

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

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