J. W. Coons Advisors LLC Raises Stock Position in Costco Wholesale Co. (NASDAQ:COST)

J. W. Coons Advisors LLC lifted its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,802 shares of the retailer’s stock after purchasing an additional 75 shares during the period. J. W. Coons Advisors LLC’s holdings in Costco Wholesale were worth $2,510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of COST. Norges Bank bought a new stake in shares of Costco Wholesale in the 4th quarter valued at about $3,628,694,000. International Assets Investment Management LLC lifted its holdings in Costco Wholesale by 61,693.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock worth $2,049,630,000 after buying an additional 3,100,099 shares during the period. Alphinity Investment Management Pty Ltd bought a new stake in Costco Wholesale during the 4th quarter valued at $297,915,000. Invesco Ltd. increased its holdings in shares of Costco Wholesale by 18.3% in the 3rd quarter. Invesco Ltd. now owns 2,088,673 shares of the retailer’s stock valued at $1,180,016,000 after acquiring an additional 323,346 shares during the period. Finally, TD Asset Management Inc lifted its stake in shares of Costco Wholesale by 32.9% during the 4th quarter. TD Asset Management Inc now owns 1,278,824 shares of the retailer’s stock worth $844,126,000 after purchasing an additional 316,426 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.3 %

Shares of COST stock opened at $845.58 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.43 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a twelve month low of $512.50 and a twelve month high of $850.38. The stock has a 50 day moving average of $760.25 and a 200 day moving average of $712.43. The stock has a market cap of $375.01 billion, a P/E ratio of 52.39, a P/E/G ratio of 5.52 and a beta of 0.79.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.08. The firm had revenue of $58.52 billion during the quarter, compared to analyst estimates of $58.16 billion. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.43 EPS. As a group, sell-side analysts expect that Costco Wholesale Co. will post 15.97 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Thursday, April 25th. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.55%. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of Costco Wholesale from $750.00 to $775.00 and gave the stock an “equal weight” rating in a report on Friday, May 31st. Oppenheimer increased their target price on shares of Costco Wholesale from $850.00 to $905.00 and gave the company an “outperform” rating in a research report on Thursday. Loop Capital lifted their price target on shares of Costco Wholesale from $840.00 to $890.00 and gave the stock a “buy” rating in a report on Monday, June 3rd. Stifel Nicolaus increased their price objective on Costco Wholesale from $800.00 to $850.00 and gave the company a “buy” rating in a report on Friday, May 31st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $875.00 price objective (up previously from $800.00) on shares of Costco Wholesale in a research report on Friday, May 31st. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $750.00.

Get Our Latest Stock Report on Costco Wholesale

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the transaction, the executive vice president now owns 6,695 shares in the company, valued at $4,785,786.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Costco Wholesale news, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the transaction, the executive vice president now directly owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Russell D. Miller sold 785 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total transaction of $567,445.10. Following the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Costco Wholesale Profile

(Free Report)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

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

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