Costco Wholesale Co. (COST) is Buffington Mohr McNeal’s 7th Largest Position

Buffington Mohr McNeal trimmed its position in Costco Wholesale Co. (NASDAQ:COST) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,155 shares of the retailer’s stock after selling 372 shares during the quarter. Costco Wholesale makes up 3.0% of Buffington Mohr McNeal’s portfolio, making the stock its 7th biggest position. Buffington Mohr McNeal’s holdings in Costco Wholesale were worth $7,657,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in COST. Vanguard Group Inc. grew its position in shares of Costco Wholesale by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after buying an additional 937,121 shares during the period. BlackRock Inc. grew its position in shares of Costco Wholesale by 2.9% during the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after buying an additional 703,825 shares during the period. Capital World Investors grew its position in shares of Costco Wholesale by 6.0% during the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after buying an additional 1,007,720 shares during the period. FMR LLC grew its position in shares of Costco Wholesale by 1.5% during the 1st quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock worth $2,028,898,000 after buying an additional 177,200 shares during the period. Finally, Capital Research Global Investors grew its position in shares of Costco Wholesale by 2.3% during the 2nd quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock worth $1,484,350,000 after buying an additional 207,675 shares during the period. Hedge funds and other institutional investors own 71.22% of the company’s stock.

In other Costco Wholesale news, Director Richard M. Libenson sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $193.03, for a total value of $3,860,600.00. Following the sale, the director now owns 3,919 shares in the company, valued at approximately $756,484.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard A. Galanti sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $160.58, for a total value of $802,900.00. Following the completion of the sale, the vice president now owns 41,396 shares in the company, valued at approximately $6,647,369.68. The disclosure for this sale can be found here. Insiders sold a total of 57,842 shares of company stock worth $10,347,448 in the last 90 days. Company insiders own 0.74% of the company’s stock.

Several research firms have recently issued reports on COST. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a research report on Friday, December 15th. Susquehanna Bancshares boosted their target price on Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a research report on Friday, December 15th. BMO Capital Markets upgraded Costco Wholesale from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $192.73 to $215.00 in a research report on Monday. Vetr upgraded Costco Wholesale from a “sell” rating to a “hold” rating and set a $186.56 price objective on the stock in a report on Monday. Finally, Barclays reiterated a “buy” rating and set a $208.00 price objective on shares of Costco Wholesale in a report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Costco Wholesale has an average rating of “Buy” and a consensus price target of $187.32.

Shares of Costco Wholesale Co. (NASDAQ COST) opened at $186.80 on Friday. The company has a market capitalization of $82,040.00, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 3.17 and a beta of 0.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 12 month low of $150.00 and a 12 month high of $195.35.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The firm had revenue of $31.81 billion for the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 EPS. equities research analysts expect that Costco Wholesale Co. will post 6.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.07%. The ex-dividend date was Thursday, November 16th. Costco Wholesale’s payout ratio is 32.95%.

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Costco Wholesale 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.

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

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