Carroll Financial Associates Inc. reduced its position in shares of Costco Wholesale Corp. (NASDAQ:COST) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,300 shares of the retailer’s stock after selling 12 shares during the period. Carroll Financial Associates Inc.’s holdings in Costco Wholesale Corp. were worth $350,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. FCM Investments TX acquired a new position in shares of Costco Wholesale Corp. during the second quarter worth about $133,000. Global X Management Co. LLC increased its stake in shares of Costco Wholesale Corp. by 276.6% in the second quarter. Global X Management Co. LLC now owns 983 shares of the retailer’s stock worth $154,000 after buying an additional 722 shares during the period. PineBridge Investments L.P. increased its stake in shares of Costco Wholesale Corp. by 11.5% in the second quarter. PineBridge Investments L.P. now owns 1,078 shares of the retailer’s stock worth $169,000 after buying an additional 111 shares during the period. Signaturefd LLC increased its stake in shares of Costco Wholesale Corp. by 81.4% in the second quarter. Signaturefd LLC now owns 1,094 shares of the retailer’s stock worth $172,000 after buying an additional 491 shares during the period. Finally, Suncoast Equity Management purchased a new stake in shares of Costco Wholesale Corp. during the second quarter worth $204,000. 72.58% of the stock is currently owned by institutional investors.
Shares of Costco Wholesale Corp. (NASDAQ:COST) traded up 0.18% on Friday, reaching $151.88. The company’s stock had a trading volume of 886,780 shares. The company’s 50 day moving average is $149.35 and its 200-day moving average is $155.43. The stock has a market cap of $66.39 billion, a PE ratio of 28.50 and a beta of 0.85. Costco Wholesale Corp. has a 1-year low of $138.57 and a 1-year high of $169.73.
Costco Wholesale Corp. (NASDAQ:COST) last released its earnings results on Thursday, September 29th. The retailer reported $1.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.04. The company 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%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $1.73 earnings per share. On average, equities analysts predict that Costco Wholesale Corp. will post $5.93 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Friday, November 4th were given a $0.45 dividend. The ex-dividend date was Wednesday, November 2nd. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. Costco Wholesale Corp.’s dividend payout ratio is currently 33.71%.
A number of equities research analysts have recently weighed in on COST shares. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $171.00 price target on shares of Costco Wholesale Corp. in a report on Tuesday, August 2nd. Cowen and Company boosted their price target on Costco Wholesale Corp. from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $179.00 price target on shares of Costco Wholesale Corp. in a report on Friday, August 5th. Citigroup Inc. boosted their price target on Costco Wholesale Corp. from $155.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, August 16th. Finally, Nomura reiterated a “buy” rating and issued a $185.00 price target on shares of Costco Wholesale Corp. in a report on Thursday, August 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. 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 firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $148.89, for a total value of $463,196.79. Following the transaction, the vice president now directly owns 33,539 shares in the company, valued at approximately $4,993,621.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David S. Petterson sold 3,000 shares of the firm’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $151.10, for a total value of $453,300.00. Following the completion of the transaction, the insider now owns 25,626 shares in the company, valued at $3,872,088.60. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.
About Costco Wholesale Corp.
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.