Costco Wholesale Co. (COST) Stake Raised by Ken Stern & Associates Inc.

Ken Stern & Associates Inc. increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 24.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,650 shares of the retailer’s stock after buying an additional 321 shares during the quarter. Ken Stern & Associates Inc.’s holdings in Costco Wholesale were worth $270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in Costco Wholesale by 3,005.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock valued at $668,630,000 after purchasing an additional 4,046,164 shares during the last quarter. Harbour Capital Advisors LLC increased its position in Costco Wholesale by 15,937.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock worth $9,058,000 after buying an additional 1,439,613 shares during the period. Capital World Investors increased its position in 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. Vanguard Group Inc. increased its position in 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. Finally, BlackRock Inc. increased its position in 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. 71.22% of the stock is owned by institutional investors.

In other Costco Wholesale news, VP Timothy L. Rose sold 5,000 shares of Costco Wholesale stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $193.20, for a total value of $966,000.00. Following the transaction, the vice president now owns 52,529 shares in the company, valued at $10,148,602.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard M. Libenson sold 20,000 shares of Costco Wholesale stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $193.03, for a total value of $3,860,600.00. Following the completion of the transaction, the director now owns 3,919 shares in the company, valued at approximately $756,484.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,842 shares of company stock worth $10,347,448. Company insiders own 0.74% of the company’s stock.

Several research analysts have weighed in on COST shares. Deutsche Bank reiterated a “hold” rating and set a $172.00 price objective on shares of Costco Wholesale in a research report on Tuesday, September 5th. Citigroup reiterated a “buy” rating and set a $190.00 price objective (up previously 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 objective (up previously 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 objective (down previously from $168.00) on shares of Costco Wholesale in a research report on Friday, October 6th. Finally, Oppenheimer set a $185.00 price objective on Costco Wholesale and gave the stock a “buy” rating in a research report on Friday, October 6th. Eleven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Costco Wholesale currently has an average rating of “Buy” and an average price target of $187.32.

Costco Wholesale Co. (NASDAQ COST) opened at $186.63 on Tuesday. 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. The company has a market capitalization of $81,970.00, a price-to-earnings ratio of 29.67, a P/E/G ratio of 3.14 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 25.45% and a net margin of 2.05%. The company 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. Costco Wholesale’s revenue was up 13.2% on a year-over-year basis. analysts expect that Costco Wholesale Co. will post 6.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given 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 dividend payout ratio is presently 31.80%.

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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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