Rational Advisors LLC Grows Stake in Costco Wholesale Co. (NASDAQ:COST)

Share on StockTwits

Rational Advisors LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 74.6% during the third quarter, HoldingsChannel reports. The fund owned 6,196 shares of the retailer’s stock after purchasing an additional 2,647 shares during the period. Rational Advisors LLC’s holdings in Costco Wholesale were worth $1,786,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tocqueville Asset Management L.P. grew its stake in shares of Costco Wholesale by 0.5% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 6,422 shares of the retailer’s stock valued at $1,850,000 after purchasing an additional 34 shares during the last quarter. CX Institutional grew its stake in shares of Costco Wholesale by 0.5% in the 3rd quarter. CX Institutional now owns 7,182 shares of the retailer’s stock valued at $2,069,000 after purchasing an additional 35 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of Costco Wholesale by 9.2% in the 3rd quarter. Crewe Advisors LLC now owns 415 shares of the retailer’s stock valued at $120,000 after purchasing an additional 35 shares during the last quarter. Brandywine Oak Private Wealth LLC grew its stake in shares of Costco Wholesale by 2.5% in the 3rd quarter. Brandywine Oak Private Wealth LLC now owns 1,476 shares of the retailer’s stock valued at $425,000 after purchasing an additional 36 shares during the last quarter. Finally, Hills Bank & Trust Co. grew its stake in shares of Costco Wholesale by 0.5% in the 3rd quarter. Hills Bank & Trust Co. now owns 7,017 shares of the retailer’s stock valued at $2,021,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 71.14% of the company’s stock.

Several research analysts have weighed in on the company. Deutsche Bank lifted their target price on Costco Wholesale from $274.00 to $286.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. BidaskClub downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. UBS Group lifted their target price on Costco Wholesale from $280.00 to $335.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Bank of America lifted their target price on Costco Wholesale from $310.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Edward Jones downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $295.57.

In related news, CFO Richard A. Galanti sold 1,984 shares of Costco Wholesale stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $302.80, for a total transaction of $600,755.20. Following the completion of the transaction, the chief financial officer now directly owns 26,165 shares of the company’s stock, valued at $7,922,762. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Susan L. Decker sold 333 shares of Costco Wholesale stock in a transaction on Friday, October 11th. The stock was sold at an average price of $297.50, for a total value of $99,067.50. Following the transaction, the director now directly owns 41,470 shares of the company’s stock, valued at $12,337,325. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,077 shares of company stock valued at $10,516,266. 0.21% of the stock is currently owned by insiders.

Shares of COST traded up $2.40 during mid-day trading on Wednesday, hitting $302.90. The company’s stock had a trading volume of 1,554,800 shares, compared to its average volume of 1,973,281. The company has a current ratio of 1.01, a quick ratio of 0.52 and a debt-to-equity ratio of 0.33. The firm has a 50-day simple moving average of $296.01 and a 200 day simple moving average of $274.92. The firm has a market capitalization of $133.05 billion, a P/E ratio of 36.98, a P/E/G ratio of 4.13 and a beta of 0.93. Costco Wholesale Co. has a 1-year low of $189.51 and a 1-year high of $307.34.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, October 3rd. The retailer reported $2.69 EPS for the quarter, beating the consensus estimate of $2.54 by $0.15. The business had revenue of $47.50 billion during the quarter, compared to analysts’ expectations of $47.71 billion. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $2.36 EPS. As a group, sell-side analysts predict that Costco Wholesale Co. will post 8.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.65 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.60 annualized dividend and a yield of 0.86%. Costco Wholesale’s dividend payout ratio is presently 31.75%.

Costco Wholesale Profile

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.

Read More: Stock Symbols and CUSIP Explained

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:COST).

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

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Brokerages Expect Heico Corp  Will Announce Earnings of $0.57 Per Share
Brokerages Expect Heico Corp Will Announce Earnings of $0.57 Per Share
Huntington Ingalls Industries Inc  Expected to Announce Earnings of $4.32 Per Share
Huntington Ingalls Industries Inc Expected to Announce Earnings of $4.32 Per Share
Slack  Posts  Earnings Results, Beats Estimates By $0.07 EPS
Slack Posts Earnings Results, Beats Estimates By $0.07 EPS
Korn Ferry  Posts  Earnings Results, Beats Expectations By $0.01 EPS
Korn Ferry Posts Earnings Results, Beats Expectations By $0.01 EPS
Stemline Therapeutics Inc  Director Purchases $10,290.00 in Stock
Stemline Therapeutics Inc Director Purchases $10,290.00 in Stock
Zacks: Analysts Anticipate BEST Inc.  to Post $0.04 EPS
Zacks: Analysts Anticipate BEST Inc. to Post $0.04 EPS


 
© 2006-2019 Zolmax.