Today, Barrett Asset Management LLC Buys 975 Shares of Costco Wholesale Corp. (COST)

Today, Barrett Asset Management LLC Buys 975 Shares of Costco Wholesale Corp. (COST)
Barrett Asset Management LLC boosted its position in shares of Costco Wholesale Corp. (NASDAQ:COST) by 4.2% during the third quarter, Holdings Channel reports. The institutional investor owned 23,987 shares of the retailer’s stock after buying an additional 975 shares during the period. Barrett Asset Management LLC’s holdings in Costco Wholesale Corp. were worth $3,658,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Evercore Wealth Management LLC increased its position in shares of Costco Wholesale Corp. by 0.6% in the second quarter. Evercore Wealth Management LLC now owns 149,738 shares of the retailer’s stock worth $23,515,000 after buying an additional 826 shares during the last quarter. Badgley Phelps & Bell Inc. increased its position in shares of Costco Wholesale Corp. by 1.4% in the second quarter. Badgley Phelps & Bell Inc. now owns 88,509 shares of the retailer’s stock worth $13,900,000 after buying an additional 1,197 shares during the last quarter. Buckingham Asset Management LLC increased its position in shares of Costco Wholesale Corp. by 0.9% in the second quarter. Buckingham Asset Management LLC now owns 2,240 shares of the retailer’s stock worth $352,000 after buying an additional 19 shares during the last quarter. UMB Bank N A MO increased its position in shares of Costco Wholesale Corp. by 4.5% in the second quarter. UMB Bank N A MO now owns 167,058 shares of the retailer’s stock worth $26,235,000 after buying an additional 7,234 shares during the last quarter. Finally, Comgest Global Investors S.A.S. increased its position in shares of Costco Wholesale Corp. by 231.7% in the second quarter. Comgest Global Investors S.A.S. now owns 72,983 shares of the retailer’s stock worth $11,462,000 after buying an additional 50,983 shares during the last quarter. Hedge funds and other institutional investors own 72.58% of the company’s stock.

Shares of Costco Wholesale Corp. (NASDAQ:COST) traded up 0.18% during midday trading on Friday, hitting $151.88. The stock had a trading volume of 886,780 shares. The stock has a 50 day moving average of $149.30 and a 200-day moving average of $155.41. The company has a market cap of $66.39 billion, a P/E ratio of 28.50 and a beta of 0.85. Costco Wholesale Corp. has a one year low of $138.57 and a one year high of $169.73.

Costco Wholesale Corp. (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 29th. The retailer reported $1.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.04. The business earned $35.73 billion during the quarter. Costco Wholesale Corp. had a return on equity of 20.26% and a net margin of 1.98%. Costco Wholesale Corp.’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 EPS. Analysts forecast that Costco Wholesale Corp. will post $5.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, November 2nd. Costco Wholesale Corp.’s dividend payout ratio (DPR) is presently 33.71%.

COST has been the subject of several research analyst reports. Argus reaffirmed a “buy” rating and set a $175.00 target price on shares of Costco Wholesale Corp. in a research note on Tuesday, October 4th. Zacks Investment Research raised Costco Wholesale Corp. from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a research note on Tuesday, August 30th. Northcoast Research raised Costco Wholesale Corp. from a “neutral” rating to a “buy” rating and set a $175.00 target price for the company in a research note on Wednesday, October 19th. Cowen and Company reaffirmed an “outperform” rating and set a $170.00 target price on shares of Costco Wholesale Corp. in a research note on Thursday, November 3rd. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Costco Wholesale Corp. in a research note on Monday, September 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Costco Wholesale Corp. has a consensus rating of “Buy” and an average price target of $172.11.

In other news, VP Richard A. Galanti sold 3,111 shares of the company’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $148.89, for a total value of $463,196.79. Following the completion of the sale, the vice president now owns 33,539 shares of the company’s stock, valued at $4,993,621.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy L. Rose sold 4,000 shares of the company’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $151.12, for a total value of $604,480.00. Following the completion of the sale, the vice president now directly owns 51,045 shares of the company’s stock, valued at approximately $7,713,920.40. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

Costco Wholesale Corp. Company Profile

Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.

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