MML Investors Services LLC Has $3.64 Million Position in Costco Wholesale Corporation (COST)

MML Investors Services LLC lifted its position in Costco Wholesale Corporation (NASDAQ:COST) by 24.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,751 shares of the retailer’s stock after purchasing an additional 4,486 shares during the period. MML Investors Services LLC’s holdings in Costco Wholesale Corporation were worth $3,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Davidson & Garrard Inc. raised its position in Costco Wholesale Corporation by 72.4% during the first quarter. Davidson & Garrard Inc. now owns 8,591 shares of the retailer’s stock worth $1,441,000 after acquiring an additional 3,609 shares during the period. Nicholas Hoffman & Company LLC. raised its position in Costco Wholesale Corporation by 8.0% during the first quarter. Nicholas Hoffman & Company LLC. now owns 1,709 shares of the retailer’s stock worth $287,000 after acquiring an additional 126 shares during the period. GHP Investment Advisors Inc. raised its position in Costco Wholesale Corporation by 1.7% during the first quarter. GHP Investment Advisors Inc. now owns 14,997 shares of the retailer’s stock worth $2,515,000 after acquiring an additional 252 shares during the period. Ingalls & Snyder LLC raised its position in Costco Wholesale Corporation by 151.1% during the first quarter. Ingalls & Snyder LLC now owns 4,126 shares of the retailer’s stock worth $692,000 after acquiring an additional 2,483 shares during the period. Finally, Family Legacy Inc. acquired a new position in Costco Wholesale Corporation during the first quarter worth $430,000. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Costco Wholesale Corporation (NASDAQ COST) opened at $170.98 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. Costco Wholesale Corporation has a 12 month low of $149.52 and a 12 month high of $183.18. The company has a market cap of $74,716.48, a P/E ratio of 29.38, a PEG ratio of 2.73 and a beta of 0.93.

Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The business had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. During the same quarter last year, the firm posted $1.77 earnings per share. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. sell-side analysts expect that Costco Wholesale Corporation will post 6.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, November 16th. Costco Wholesale Corporation’s payout ratio is 32.89%.

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A number of research firms have weighed in on COST. Deutsche Bank AG set a $172.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “hold” rating in a research report on Monday, July 31st. Robert W. Baird restated a “buy” rating and set a $200.00 price objective on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Stifel Nicolaus restated a “buy” rating and set a $173.00 price objective on shares of Costco Wholesale Corporation in a research report on Monday, October 9th. Vetr cut shares of Costco Wholesale Corporation from a “buy” rating to a “hold” rating and set a $171.07 price objective for the company. in a research report on Monday, November 6th. Finally, Zacks Investment Research upgraded shares of Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Tuesday, September 19th. Twelve investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $178.34.

In related news, VP Richard A. Galanti sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $160.58, for a total value of $802,900.00. Following the sale, the vice president now owns 41,396 shares of the company’s stock, valued at $6,647,369.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $157.59, for a total transaction of $157,590.00. Following the completion of the sale, the director now directly owns 6,974 shares in the company, valued at approximately $1,099,032.66. The disclosure for this sale can be found here. In the last three months, insiders sold 30,842 shares of company stock valued at $5,128,658. Insiders own 0.74% of the company’s stock.

Costco Wholesale Corporation Profile

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

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

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