Nexus Investment Management ULC Acquires 75 Shares of Costco Wholesale Corporation $COST

Nexus Investment Management ULC raised its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 75.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 175 shares of the retailer’s stock after purchasing an additional 75 shares during the quarter. Nexus Investment Management ULC’s holdings in Costco Wholesale were worth $173,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Copia Wealth Management raised its position in Costco Wholesale by 2.7% in the 2nd quarter. Copia Wealth Management now owns 731 shares of the retailer’s stock valued at $724,000 after purchasing an additional 19 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in Costco Wholesale by 24.2% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,050 shares of the retailer’s stock valued at $2,029,000 after purchasing an additional 400 shares during the last quarter. Mutual Advisors LLC raised its position in Costco Wholesale by 6.7% in the 2nd quarter. Mutual Advisors LLC now owns 18,108 shares of the retailer’s stock valued at $16,940,000 after purchasing an additional 1,143 shares during the last quarter. Generali Asset Management SPA SGR raised its position in Costco Wholesale by 9.2% in the 2nd quarter. Generali Asset Management SPA SGR now owns 20,579 shares of the retailer’s stock valued at $20,372,000 after purchasing an additional 1,728 shares during the last quarter. Finally, Tuttle Capital Management LLC raised its position in Costco Wholesale by 14.4% in the 2nd quarter. Tuttle Capital Management LLC now owns 666 shares of the retailer’s stock valued at $659,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the transaction, the executive vice president directly owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. The trade was a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the transaction, the executive vice president directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Up 0.9%

Shares of Costco Wholesale stock opened at $954.99 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23. The business has a fifty day simple moving average of $951.44 and a 200 day simple moving average of $971.75. The stock has a market cap of $423.23 billion, a PE ratio of 52.44, a price-to-earnings-growth ratio of 5.74 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same period in the previous year, the firm earned $5.15 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Research analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, October 31st. Costco Wholesale’s payout ratio is presently 28.56%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on COST shares. BTIG Research started coverage on Costco Wholesale in a research report on Tuesday. They set a “buy” rating and a $1,115.00 target price for the company. Daiwa Capital Markets dropped their target price on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Roth Capital set a $907.00 target price on Costco Wholesale and gave the stock a “neutral” rating in a research report on Friday, September 26th. DA Davidson restated a “neutral” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research report on Friday, September 26th. Finally, Erste Group Bank downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Twenty equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,068.04.

Costco Wholesale Profile

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