Nikulski Financial Inc. boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 7.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,625 shares of the retailer’s stock after purchasing an additional 645 shares during the period. Costco Wholesale makes up about 2.1% of Nikulski Financial Inc.’s portfolio, making the stock its 17th largest holding. Nikulski Financial Inc.’s holdings in Costco Wholesale were worth $2,201,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COST. MUFG Securities EMEA plc acquired a new stake in shares of Costco Wholesale during the 2nd quarter valued at $103,000. Parkside Investments LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter valued at $105,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Costco Wholesale during the 2nd quarter valued at $119,000. Capital Advisors Ltd. LLC lifted its holdings in shares of Costco Wholesale by 180.0% in the third quarter. Capital Advisors Ltd. LLC now owns 560 shares of the retailer’s stock valued at $132,000 after purchasing an additional 360 shares in the last quarter. Finally, Legacy Advisors LLC lifted its holdings in shares of Costco Wholesale by 632.9% in the third quarter. Legacy Advisors LLC now owns 579 shares of the retailer’s stock valued at $136,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 71.65% of the company’s stock.
In other news, VP Franz E. Lazarus sold 23,000 shares of the company’s stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $226.76, for a total value of $5,215,480.00. Following the transaction, the vice president now directly owns 6,830 shares of the company’s stock, valued at $1,548,770.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider W Craig Jelinek sold 22,500 shares of the company’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $223.52, for a total transaction of $5,029,200.00. Following the completion of the transaction, the insider now directly owns 322,958 shares in the company, valued at $72,187,572.16. The disclosure for this sale can be found here. Insiders sold 64,312 shares of company stock worth $14,547,272 over the last ninety days. 0.74% of the stock is currently owned by company insiders.
NASDAQ COST opened at $237.74 on Friday. Costco Wholesale Co. has a 1-year low of $167.05 and a 1-year high of $245.16. 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 firm has a market capitalization of $105.33 billion, a PE ratio of 34.81, a P/E/G ratio of 3.07 and a beta of 0.91.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, October 4th. The retailer reported $2.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.02. Costco Wholesale had a net margin of 2.21% and a return on equity of 24.67%. The business had revenue of $44.41 billion for the quarter, compared to the consensus estimate of $44.17 billion. During the same period in the prior year, the business posted $2.08 earnings per share. Costco Wholesale’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, sell-side analysts predict that Costco Wholesale Co. will post 7.7 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Friday, November 9th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 8th. Costco Wholesale’s dividend payout ratio (DPR) is presently 33.38%.
A number of analysts have recently issued reports on the company. Oppenheimer increased their target price on Costco Wholesale from $210.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, August 21st. Zacks Investment Research upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $270.00 target price for the company in a report on Tuesday, September 11th. Royal Bank of Canada reduced their target price on Costco Wholesale from $255.00 to $253.00 and set an “outperform” rating for the company in a report on Friday, October 5th. Argus restated a “buy” rating and issued a $255.00 target price on shares of Costco Wholesale in a report on Thursday, October 11th. Finally, BidaskClub lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 19th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $237.94.
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Costco Wholesale 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.
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