Telos Capital Management Inc. Has $2.23 Million Stake in Costco Wholesale Co. (COST)

Telos Capital Management Inc. grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 15.4% in the 4th quarter, Holdings Channel reports. The firm owned 11,960 shares of the retailer’s stock after purchasing an additional 1,595 shares during the period. Telos Capital Management Inc.’s holdings in Costco Wholesale were worth $2,226,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $102,000. Jacobus Wealth Management Inc. bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $103,000. Almanack Investment Partners LLC. bought a new stake in shares of Costco Wholesale in the 2nd quarter valued at approximately $101,000. Shamrock Asset Management LLC lifted its stake in shares of Costco Wholesale by 171.3% in the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after purchasing an additional 418 shares during the last quarter. Finally, Zions Bancorporation lifted its stake in shares of Costco Wholesale by 148.4% in the 3rd quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock valued at $113,000 after purchasing an additional 411 shares during the last quarter. 70.87% of the stock is owned by institutional investors and hedge funds.

In other news, Director John W. Meisenbach sold 3,000 shares of Costco Wholesale stock in a transaction on Friday, December 1st. The stock was sold at an average price of $183.26, for a total value of $549,780.00. Following the transaction, the director now directly owns 8,654 shares in the company, valued at approximately $1,585,932.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Timothy L. Rose sold 5,000 shares of Costco Wholesale stock in a transaction on Monday, December 18th. The shares were sold at an average price of $193.20, for a total value of $966,000.00. Following the completion of the transaction, the vice president now owns 52,529 shares in the company, valued at $10,148,602.80. The disclosure for this sale can be found here. Insiders sold a total of 91,185 shares of company stock worth $17,408,817 over the last quarter. Company insiders own 0.58% of the company’s stock.

Several equities research analysts have recently issued reports on COST shares. Moffett Nathanson assumed coverage on Costco Wholesale in a research note on Monday, December 4th. They issued a “buy” rating for the company. < Robert W. Baird reissued a "buy" rating and set a $215.00 price target on shares of Costco Wholesale in a research note on Friday, December 15th. Susquehanna Bancshares raised their price target on Costco Wholesale from $205.00 to $215.00 and gave the stock a "positive" rating in a research note on Friday, December 15th. Stifel Nicolaus reissued a "buy" rating and set a $200.00 price target (up from $185.00) on shares of Costco Wholesale in a research note on Friday, December 15th. Finally, Vetr lowered Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price target for the company. in a research note on Friday, December 1st. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $190.36.

Shares of Costco Wholesale Co. (COST) opened at $191.56 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $84,115.13, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 3.13 and a beta of 0.99. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year high of $199.88.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.01. The business 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 23.39% and a net margin of 2.09%. Costco Wholesale’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 EPS. equities research analysts predict that Costco Wholesale Co. will post 6.71 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be issued a $0.50 dividend. The ex-dividend date is Thursday, February 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.04%. Costco Wholesale’s dividend payout ratio is presently 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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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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