Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Evoke Wealth LLC

Evoke Wealth LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 13.6% during the first quarter, Holdings Channel reports. The fund owned 719 shares of the retailer’s stock after purchasing an additional 86 shares during the quarter. Evoke Wealth LLC’s holdings in Costco Wholesale were worth $414,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Costco Wholesale in the 4th quarter worth about $2,323,746,000. State Street Corp raised its holdings in shares of Costco Wholesale by 10.2% in the 4th quarter. State Street Corp now owns 18,301,225 shares of the retailer’s stock worth $10,389,605,000 after purchasing an additional 1,697,920 shares during the period. BlackRock Inc. raised its holdings in shares of Costco Wholesale by 3.1% in the 4th quarter. BlackRock Inc. now owns 31,078,322 shares of the retailer’s stock worth $17,643,166,000 after purchasing an additional 944,199 shares during the period. ProShare Advisors LLC raised its holdings in shares of Costco Wholesale by 56.0% in the 4th quarter. ProShare Advisors LLC now owns 819,712 shares of the retailer’s stock worth $465,350,000 after purchasing an additional 294,118 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Costco Wholesale by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 7,372,449 shares of the retailer’s stock worth $4,173,133,000 after purchasing an additional 246,857 shares during the period. 67.52% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 1.3 %

Shares of Costco Wholesale stock opened at $553.02 on Wednesday. The stock’s fifty day moving average is $502.59 and its 200-day moving average is $518.07. The firm has a market capitalization of $244.97 billion, a PE ratio of 43.54, a price-to-earnings-growth ratio of 4.56 and a beta of 0.69. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. Costco Wholesale Co. has a 12-month low of $406.51 and a 12-month high of $612.27.

Costco Wholesale (NASDAQ:COSTGet Rating) last announced its earnings results on Thursday, May 26th. The retailer reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.17. The company had revenue of $52.60 billion for the quarter, compared to analyst estimates of $51.49 billion. Costco Wholesale had a return on equity of 29.71% and a net margin of 2.60%. Costco Wholesale’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.75 earnings per share. Equities analysts anticipate that Costco Wholesale Co. will post 13.05 earnings per share for the current year.

Costco Wholesale Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, July 29th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.07%. Costco Wholesale’s dividend payout ratio is 28.35%.

Insider Activity

In other Costco Wholesale news, Director Mary Agnes Wilderotter purchased 850 shares of the stock in a transaction dated Tuesday, June 7th. The shares were acquired at an average price of $470.74 per share, for a total transaction of $400,129.00. Following the completion of the acquisition, the director now owns 11,295 shares of the company’s stock, valued at approximately $5,317,008.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Costco Wholesale news, Director Mary Agnes Wilderotter purchased 850 shares of the stock in a transaction dated Tuesday, June 7th. The shares were acquired at an average price of $470.74 per share, for a total transaction of $400,129.00. Following the completion of the acquisition, the director now owns 11,295 shares of the company’s stock, valued at approximately $5,317,008.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James P. Murphy sold 2,500 shares of Costco Wholesale stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $464.00, for a total value of $1,160,000.00. Following the transaction, the vice president now owns 37,730 shares in the company, valued at approximately $17,506,720. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,300 shares of company stock worth $2,609,904. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

COST has been the topic of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $580.00 target price on shares of Costco Wholesale in a report on Friday, July 29th. Deutsche Bank Aktiengesellschaft upgraded Costco Wholesale from a “hold” rating to a “buy” rating and raised their target price for the company from $525.00 to $579.00 in a report on Thursday, July 14th. Robert W. Baird dropped their target price on Costco Wholesale from $600.00 to $560.00 and set an “outperform” rating on the stock in a report on Friday, May 27th. BMO Capital Markets restated a “buy” rating and set a $580.00 price objective on shares of Costco Wholesale in a report on Monday, May 30th. Finally, StockNews.com upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, July 15th. Four analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $576.68.

Costco Wholesale Profile

(Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

See Also

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTGet Rating).

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

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