Hilton Capital Management LLC continued to hold its stake in Costco Wholesale Corp. (NASDAQ:COST) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,000 shares of the retailer’s stock at the end of the third quarter. Hilton Capital Management LLC’s holdings in Costco Wholesale Corp. were worth $305,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Squarepoint Ops LLC boosted its position in Costco Wholesale Corp. by 320.3% in the first quarter. Squarepoint Ops LLC now owns 13,665 shares of the retailer’s stock valued at $2,153,000 after buying an additional 10,414 shares in the last quarter. Nexus Investment Management Inc. boosted its position in Costco Wholesale Corp. by 18.1% in the second quarter. Nexus Investment Management Inc. now owns 2,605 shares of the retailer’s stock valued at $409,000 after buying an additional 400 shares in the last quarter. Fulton Bank N.A. boosted its position in Costco Wholesale Corp. by 0.5% in the second quarter. Fulton Bank N.A. now owns 18,329 shares of the retailer’s stock valued at $2,878,000 after buying an additional 88 shares in the last quarter. Kistler Tiffany Companies LLC boosted its position in Costco Wholesale Corp. by 4.6% in the second quarter. Kistler Tiffany Companies LLC now owns 2,469 shares of the retailer’s stock valued at $388,000 after buying an additional 109 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its position in Costco Wholesale Corp. by 5.4% in the second quarter. Integrated Investment Consultants LLC now owns 1,963 shares of the retailer’s stock valued at $308,000 after buying an additional 101 shares in the last quarter. Institutional investors own 72.58% of the company’s stock.
Shares of Costco Wholesale Corp. (NASDAQ:COST) traded up 0.18% during mid-day trading on Friday, reaching $151.88. The company had a trading volume of 886,780 shares. Costco Wholesale Corp. has a one year low of $138.57 and a one year high of $169.73. The firm has a market capitalization of $66.39 billion, a price-to-earnings ratio of 28.50 and a beta of 0.85. The stock has a 50 day moving average of $149.35 and a 200-day moving average of $155.43.
Costco Wholesale Corp. (NASDAQ:COST) last posted its earnings results on Thursday, September 29th. The retailer reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. The firm had revenue of $35.73 billion for the quarter. Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.26%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.73 EPS. Equities analysts predict that Costco Wholesale Corp. will post $5.93 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.19%. Costco Wholesale Corp.’s payout ratio is presently 33.71%.
Several equities analysts recently weighed in on COST shares. Zacks Investment Research cut Costco Wholesale Corp. from a “buy” rating to a “sell” rating in a research report on Wednesday, September 7th. JPMorgan Chase & Co. reissued a “buy” rating and set a $171.00 price objective on shares of Costco Wholesale Corp. in a research report on Friday, November 4th. Deutsche Bank AG reissued a “buy” rating and set a $195.00 price objective on shares of Costco Wholesale Corp. in a research report on Friday, September 30th. Vetr raised Costco Wholesale Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, September 1st. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Costco Wholesale Corp. in a report on Monday, September 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $172.11.
In other Costco Wholesale Corp. news, Director James D. Sinegal sold 20,114 shares of the business’s stock in a transaction on Friday, October 7th. The shares were sold at an average price of $149.02, for a total transaction of $2,997,388.28. Following the sale, the director now owns 768,136 shares of the company’s stock, valued at $114,467,626.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Richard A. Galanti sold 3,111 shares of the business’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $148.89, for a total transaction of $463,196.79. Following the sale, the vice president now directly owns 33,539 shares in the company, valued at approximately $4,993,621.71. 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.