Costco Wholesale Co. (COST) Shares Bought by Middleton & Co Inc MA

Middleton & Co Inc MA increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,247 shares of the retailer’s stock after purchasing an additional 3,812 shares during the period. Costco Wholesale makes up approximately 1.7% of Middleton & Co Inc MA’s portfolio, making the stock its 14th biggest holding. Middleton & Co Inc MA’s holdings in Costco Wholesale were worth $9,405,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. McKinley Carter Wealth Services Inc. increased its position in shares of Costco Wholesale by 231.0% in the third quarter. McKinley Carter Wealth Services Inc. now owns 13,203 shares of the retailer’s stock worth $2,169,000 after purchasing an additional 9,214 shares during the last quarter. Cidel Asset Management Inc. grew its position in Costco Wholesale by 136.9% during the third quarter. Cidel Asset Management Inc. now owns 102,055 shares of the retailer’s stock valued at $16,767,000 after acquiring an additional 58,982 shares during the last quarter. Perennial Advisors LLC grew its position in Costco Wholesale by 11.1% during the third quarter. Perennial Advisors LLC now owns 12,686 shares of the retailer’s stock valued at $2,084,000 after acquiring an additional 1,265 shares during the last quarter. Howland Capital Management LLC bought a new position in Costco Wholesale during the third quarter valued at approximately $208,000. Finally, IFP Advisors Inc grew its position in Costco Wholesale by 7.9% during the third quarter. IFP Advisors Inc now owns 24,452 shares of the retailer’s stock valued at $4,017,000 after acquiring an additional 1,785 shares during the last quarter. Institutional investors own 71.22% of the company’s stock.

In related news, VP Dennis R. Zook sold 5,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $161.92, for a total value of $809,600.00. Following the completion of the sale, the vice president now owns 626 shares of the company’s stock, valued at $101,361.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard M. Libenson sold 20,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 3,919 shares of the company’s stock, valued at approximately $756,484.57. The disclosure for this sale can be found here. Insiders sold 57,842 shares of company stock valued at $10,347,448 in the last ninety days. 0.74% of the stock is currently owned by insiders.

COST has been the topic of a number of recent research reports. Deutsche Bank reiterated a “hold” rating and set a $172.00 price target on shares of Costco Wholesale in a research report on Tuesday, September 5th. Citigroup reiterated a “buy” rating and set a $190.00 price target (up from $187.00) on shares of Costco Wholesale in a research report on Monday, October 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $190.00 price target (up from $184.00) on shares of Costco Wholesale in a research report on Friday, October 6th. Jefferies Group reiterated a “hold” rating and set a $162.00 price target (down from $168.00) on shares of Costco Wholesale in a research report on Friday, October 6th. Finally, Oppenheimer set a $185.00 price target on shares of Costco Wholesale and gave the company a “buy” rating in a research report on Friday, October 6th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $187.32.

Costco Wholesale Co. (COST) opened at $186.63 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week high of $195.35. The stock has a market cap of $82,040.00, a P/E ratio of 30.75, a PEG ratio of 3.15 and a beta of 0.98.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis 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 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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