Costco Wholesale Co. (COST) Position Lifted by Advisor Group Inc.

Advisor Group Inc. lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 47,888 shares of the retailer’s stock after buying an additional 1,275 shares during the quarter. Advisor Group Inc.’s holdings in Costco Wholesale were worth $7,312,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Brightworth increased its stake in Costco Wholesale by 0.3% during the 2nd quarter. Brightworth now owns 1,334 shares of the retailer’s stock valued at $213,000 after buying an additional 4 shares during the period. Pioneer Trust Bank N A OR increased its stake in Costco Wholesale by 0.4% during the 2nd quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock valued at $266,000 after buying an additional 7 shares during the period. SVA Plumb Wealth Management LLC increased its stake in Costco Wholesale by 0.3% during the 2nd quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock valued at $404,000 after buying an additional 7 shares during the period. Marshall & Sullivan Inc. WA increased its stake in Costco Wholesale by 0.6% during the 1st quarter. Marshall & Sullivan Inc. WA now owns 1,590 shares of the retailer’s stock valued at $272,000 after buying an additional 10 shares during the period. Finally, CHICAGO TRUST Co NA increased its stake in Costco Wholesale by 0.5% during the 2nd quarter. CHICAGO TRUST Co NA now owns 2,515 shares of the retailer’s stock valued at $402,000 after buying an additional 12 shares during the period. Institutional investors own 71.49% of the company’s stock.

In related news, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $183.26, for a total transaction of $549,780.00. Following the completion of the sale, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $1,585,932.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Dennis R. Zook sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $161.92, for a total value of $809,600.00. Following the sale, the vice president now directly owns 626 shares of the company’s stock, valued at $101,361.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,842 shares of company stock valued at $5,520,848. 0.74% of the stock is currently owned by company insiders.

Shares of Costco Wholesale Co. (NASDAQ COST) traded down $1.02 during trading hours on Thursday, reaching $186.20. The company’s stock had a trading volume of 2,239,137 shares, compared to its average volume of 3,104,633. The company has a market cap of $81,660.00, a PE ratio of 32.27, a P/E/G ratio of 3.05 and a beta of 0.98. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $191.22. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.43.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. Costco Wholesale had a return on equity of 22.21% and a net margin of 2.08%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.77 EPS. sell-side analysts expect that Costco Wholesale Co. will post 6.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were paid a $0.50 dividend. The ex-dividend date was Thursday, November 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.07%. Costco Wholesale’s dividend payout ratio (DPR) is presently 32.89%.

COST has been the topic of several recent research reports. Vetr raised shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating and set a $182.22 price objective on the stock in a research note on Monday, August 21st. Deutsche Bank reaffirmed a “hold” rating and issued a $172.00 price objective on shares of Costco Wholesale in a research note on Tuesday, September 5th. Citigroup reaffirmed a “buy” rating and issued a $190.00 price objective (up previously from $187.00) on shares of Costco Wholesale in a research note on Monday, October 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $190.00 target price (up from $184.00) on shares of Costco Wholesale in a report on Friday, October 6th. Finally, Jefferies Group reiterated a “hold” rating and issued a $162.00 target price (down from $168.00) on shares of Costco Wholesale in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have assigned a buy rating to the company. Costco Wholesale has a consensus rating of “Buy” and an average target price of $179.50.

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Costco Wholesale Profile

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.

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

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