Nikulski Financial Inc. raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,625 shares of the retailer’s stock after buying an additional 645 shares during the quarter. Costco Wholesale comprises 2.1% of Nikulski Financial Inc.’s portfolio, making the stock its 17th largest position. Nikulski Financial Inc.’s holdings in Costco Wholesale were worth $2,201,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its holdings in shares of Costco Wholesale by 3.3% during the second quarter. BlackRock Inc. now owns 27,121,793 shares of the retailer’s stock valued at $5,667,910,000 after purchasing an additional 858,755 shares during the last quarter. FMR LLC grew its holdings in shares of Costco Wholesale by 13.5% during the second quarter. FMR LLC now owns 10,570,895 shares of the retailer’s stock valued at $2,209,107,000 after purchasing an additional 1,256,873 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Costco Wholesale by 0.6% during the second quarter. Northern Trust Corp now owns 6,229,389 shares of the retailer’s stock valued at $1,301,817,000 after purchasing an additional 37,778 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Costco Wholesale by 3.2% during the third quarter. Fisher Asset Management LLC now owns 2,680,719 shares of the retailer’s stock valued at $629,647,000 after purchasing an additional 82,875 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Costco Wholesale by 1.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,800,072 shares of the retailer’s stock valued at $376,180,000 after purchasing an additional 23,227 shares during the last quarter. Hedge funds and other institutional investors own 71.65% of the company’s stock.
In related news, insider W Craig Jelinek sold 22,500 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was 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 directly owns 322,958 shares of the company’s stock, valued at approximately $72,187,572.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $235.81, for a total value of $707,430.00. Following the completion of the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at $2,040,699.74. The disclosure for this sale can be found here. Insiders sold a total of 64,312 shares of company stock valued at $14,547,272 over the last three months. Corporate insiders own 0.74% of the company’s stock.
COST has been the subject of several recent research reports. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating in a report on Wednesday, July 25th. Loop Capital set a $265.00 target price on Costco Wholesale and gave the company a “buy” rating in a report on Wednesday, October 10th. Stifel Nicolaus upped their target price on Costco Wholesale from $220.00 to $245.00 and gave the company a “buy” rating in a report on Friday, September 7th. Deutsche Bank lowered their target price on Costco Wholesale from $226.00 to $223.00 and set a “hold” rating for the company in a report on Friday, October 5th. Finally, Zacks Investment Research lowered Costco Wholesale from a “buy” rating to a “hold” rating in a report on Monday, September 17th. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $237.94.
Shares of COST stock opened at $237.74 on Friday. Costco Wholesale Co. has a 12-month low of $167.05 and a 12-month high of $245.16. The company has a market capitalization of $105.33 billion, a P/E ratio of 34.81, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.46.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, October 4th. The retailer reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.02. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.21%. The business had revenue of $44.41 billion during the quarter, compared to analyst estimates of $44.17 billion. During the same period in the prior year, the company posted $2.08 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts forecast that Costco Wholesale Co. will post 7.7 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 9th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 8th. Costco Wholesale’s dividend payout ratio (DPR) is 33.38%.
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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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