Bogart Wealth LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,088 shares of the retailer’s stock after buying an additional 68 shares during the period. Bogart Wealth LLC’s holdings in Costco Wholesale were worth $313,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in COST. Neville Rodie & Shaw Inc. boosted its position in Costco Wholesale by 0.9% in the second quarter. Neville Rodie & Shaw Inc. now owns 25,933 shares of the retailer’s stock valued at $6,853,000 after buying an additional 235 shares in the last quarter. Park National Corp OH boosted its position in Costco Wholesale by 9.1% in the second quarter. Park National Corp OH now owns 17,900 shares of the retailer’s stock valued at $4,730,000 after buying an additional 1,496 shares in the last quarter. Private Trust Co. NA boosted its position in Costco Wholesale by 0.4% in the second quarter. Private Trust Co. NA now owns 11,990 shares of the retailer’s stock valued at $3,168,000 after buying an additional 44 shares in the last quarter. Beese Fulmer Investment Management Inc. acquired a new position in Costco Wholesale in the second quarter valued at about $4,462,000. Finally, Rockland Trust Co. boosted its position in Costco Wholesale by 8.8% in the second quarter. Rockland Trust Co. now owns 1,882 shares of the retailer’s stock valued at $497,000 after buying an additional 152 shares in the last quarter. 71.14% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Susan L. Decker sold 333 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $297.50, for a total transaction of $99,067.50. Following the completion of the sale, the director now directly owns 41,470 shares of the company’s stock, valued at $12,337,325. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Joseph P. Portera sold 14,095 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $299.52, for a total transaction of $4,221,734.40. Following the sale, the vice president now directly owns 6,211 shares of the company’s stock, valued at $1,860,318.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,093 shares of company stock valued at $9,915,511. 0.21% of the stock is currently owned by insiders.
COST opened at $300.50 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.01 and a quick ratio of 0.52. The company has a market cap of $133.05 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 4.13 and a beta of 0.93. The firm has a 50 day simple moving average of $295.68 and a 200 day simple moving average of $274.64. Costco Wholesale Co. has a fifty-two week low of $189.51 and a fifty-two week high of $307.34.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, October 3rd. The retailer reported $2.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.54 by $0.15. The business had revenue of $47.50 billion during the quarter, compared to the consensus estimate of $47.71 billion. Costco Wholesale had a net margin of 2.40% and a return on equity of 25.00%. Costco Wholesale’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.36 earnings per share. As a group, analysts expect that Costco Wholesale Co. will post 8.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, October 31st. Costco Wholesale’s dividend payout ratio (DPR) is 31.75%.
A number of equities analysts have commented on COST shares. Nomura started coverage on shares of Costco Wholesale in a research report on Friday, November 8th. They issued a “neutral” rating and a $300.00 price target on the stock. Robert W. Baird set a $325.00 price target on shares of Costco Wholesale and gave the company a “buy” rating in a research report on Tuesday, October 8th. Loop Capital boosted their price target on shares of Costco Wholesale to $330.00 and gave the company a “buy” rating in a research report on Friday, September 6th. ValuEngine lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Raymond James boosted their price target on shares of Costco Wholesale from $260.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $295.57.
About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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