Stockman Wealth Management Inc. Grows Stake in Costco Wholesale Co. (COST)

Stockman Wealth Management Inc. grew its position in Costco Wholesale Co. (NASDAQ:COST) by 23.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,401 shares of the retailer’s stock after buying an additional 460 shares during the period. Stockman Wealth Management Inc.’s holdings in Costco Wholesale were worth $564,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Costco Wholesale by 3.3% in the 2nd quarter. BlackRock Inc. now owns 27,121,793 shares of the retailer’s stock valued at $5,667,910,000 after buying an additional 858,755 shares during the period. FMR LLC increased its stake in shares of Costco Wholesale by 13.5% in the 2nd quarter. FMR LLC now owns 10,570,895 shares of the retailer’s stock valued at $2,209,107,000 after buying an additional 1,256,873 shares during the period. Northern Trust Corp increased its stake in shares of Costco Wholesale by 0.6% in the 2nd quarter. Northern Trust Corp now owns 6,229,389 shares of the retailer’s stock valued at $1,301,817,000 after buying an additional 37,778 shares during the period. Fisher Asset Management LLC boosted its position in shares of Costco Wholesale by 3.2% in the 3rd quarter. Fisher Asset Management LLC now owns 2,680,719 shares of the retailer’s stock worth $629,647,000 after purchasing an additional 82,875 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Costco Wholesale by 1.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,800,072 shares of the retailer’s stock worth $376,180,000 after purchasing an additional 23,227 shares during the last quarter. 71.65% of the stock is owned by institutional investors.

In other Costco Wholesale news, VP Franz E. Lazarus sold 23,000 shares of Costco Wholesale stock in a transaction dated Thursday, October 25th. The stock was sold at an average price of $226.76, for a total value of $5,215,480.00. Following the sale, the vice president now owns 6,830 shares of the company’s stock, valued at approximately $1,548,770.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider W Craig Jelinek sold 22,500 shares of Costco Wholesale stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $223.52, for a total value of $5,029,200.00. Following the completion of the sale, the insider now directly owns 322,958 shares in the company, valued at approximately $72,187,572.16. The disclosure for this sale can be found here. Insiders sold a total of 64,312 shares of company stock worth $14,547,272 in the last three months. Company insiders own 0.74% of the company’s stock.

Several research analysts have recently issued reports on COST shares. Raymond James raised their price target on Costco Wholesale from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 17th. BidaskClub lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 19th. Citigroup raised their price target on Costco Wholesale from $222.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 23rd. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating in a research report on Wednesday, July 25th. Finally, Telsey Advisory Group raised their price target on Costco Wholesale from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 7th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $237.94.

COST stock opened at $237.74 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.46 and a current ratio of 1.02. The stock has a market cap of $105.33 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91. Costco Wholesale Co. has a 1-year low of $167.05 and a 1-year high of $245.16.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, October 4th. The retailer reported $2.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.34 by $0.02. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.21%. The firm had revenue of $44.41 billion for the quarter, compared to analyst estimates of $44.17 billion. During the same period in the previous year, the company posted $2.08 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts predict that Costco Wholesale Co. will post 7.7 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Friday, November 9th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 8th. Costco Wholesale’s dividend payout ratio is 33.38%.

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Costco Wholesale Company 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.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

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

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