Field & Main Bank purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,686 shares of the retailer’s stock, valued at approximately $686,000.
Several other large investors have also recently made changes to their positions in the company. Almanack Investment Partners LLC. purchased a new stake in Costco Wholesale in the 2nd quarter valued at approximately $101,000. Wealthcare Advisory Partners LLC purchased a new stake in Costco Wholesale in the 3rd quarter valued at approximately $102,000. Jacobus Wealth Management Inc. purchased a new stake in Costco Wholesale in the 3rd quarter valued at approximately $103,000. Shamrock Asset Management LLC lifted its stake in Costco Wholesale by 171.3% in the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after buying an additional 418 shares in the last quarter. Finally, Zions Bancorporation lifted its stake in Costco Wholesale by 148.4% in the 3rd quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock valued at $113,000 after buying an additional 411 shares in the last quarter. 72.06% of the stock is currently owned by institutional investors and hedge funds.
COST has been the topic of a number of recent research reports. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Friday, October 20th. UBS Group upped their target price on Costco Wholesale to $210.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Moffett Nathanson initiated coverage on Costco Wholesale in a research note on Monday, December 4th. They issued a “buy” rating on the stock. < JPMorgan Chase & Co. reaffirmed a "buy" rating and issued a $200.00 target price on shares of Costco Wholesale in a research note on Monday, December 4th. Finally, Robert W. Baird reaffirmed a "buy" rating and issued a $215.00 target price on shares of Costco Wholesale in a research note on Friday, December 15th. Nine analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of "Buy" and an average price target of $189.97.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. The business had revenue of $31.81 billion during the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 EPS. sell-side analysts expect that Costco Wholesale Co. will post 6.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.11%. Costco Wholesale’s payout ratio is 31.80%.
In other news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $193.41, for a total transaction of $580,230.00. Following the completion of the sale, the director now directly owns 8,654 shares in the company, valued at approximately $1,673,770.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James D. Sinegal sold 30,000 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $192.06, for a total value of $5,761,800.00. Following the sale, the director now owns 746,209 shares of the company’s stock, valued at $143,316,900.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,185 shares of company stock valued at $17,408,817. Insiders own 0.58% of the company’s stock.
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About Costco Wholesale
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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