Trust Co. of Vermont increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,531 shares of the retailer’s stock after purchasing an additional 2,473 shares during the quarter. Trust Co. of Vermont’s holdings in Costco Wholesale were worth $6,330,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Almanack Investment Partners LLC. bought a new position in Costco Wholesale in the 2nd quarter worth $101,000. Northwest Investment Counselors LLC bought a new position in Costco Wholesale in the 2nd quarter worth $107,000. Mercer Capital Advisers Inc. raised its holdings in Costco Wholesale by 3.5% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after purchasing an additional 23 shares during the period. Ledyard National Bank raised its holdings in Costco Wholesale by 19.1% in the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after purchasing an additional 130 shares during the period. Finally, Bruderman Asset Management LLC bought a new position in Costco Wholesale in the 2nd quarter worth $139,000. 71.49% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the company. Susquehanna Bancshares raised their target price on Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a report on Friday. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a report on Friday. Morgan Stanley set a $175.00 price target on Costco Wholesale and gave the company a “hold” rating in a report on Friday. Cowen set a $214.00 price target on Costco Wholesale and gave the company a “buy” rating in a report on Friday. Finally, Stifel Nicolaus reissued a “buy” rating and set a $200.00 price target (up from $185.00) on shares of Costco Wholesale in a report on Friday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $184.20.
In related news, VP Richard A. Galanti sold 5,000 shares of Costco Wholesale stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $160.58, for a total value of $802,900.00. Following the completion of the transaction, the vice president now owns 41,396 shares in the company, valued at $6,647,369.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John W. Meisenbach sold 3,000 shares of Costco Wholesale stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $183.26, for a total value of $549,780.00. Following the completion of the transaction, the director now owns 8,654 shares of the company’s stock, valued at approximately $1,585,932.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,842 shares of company stock valued at $5,520,848. 0.74% of the stock is currently owned by company insiders.
Costco Wholesale Co. (NASDAQ:COST) opened at $192.73 on Friday. The company has a market capitalization of $84,221.08, a PE ratio of 32.07, a P/E/G ratio of 3.12 and a beta of 0.98. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $195.35. 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 released its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The company had revenue of $31.81 billion during the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a return on equity of 23.41% and a net margin of 2.09%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $1.24 earnings per share. analysts expect that Costco Wholesale Co. will post 6.5 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.00 annualized dividend and a yield of 1.04%. Costco Wholesale’s dividend payout ratio is currently 31.80%.
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About Costco Wholesale
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.
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