Costco Wholesale Co. (COST) Stake Lifted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 84.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,099 shares of the retailer’s stock after purchasing an additional 42,157 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Costco Wholesale were worth $21,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in shares of Costco Wholesale by 13.5% in the second quarter. FMR LLC now owns 10,570,895 shares of the retailer’s stock worth $2,209,107,000 after acquiring an additional 1,256,873 shares during the period. BlackRock Inc. grew its holdings in shares of Costco Wholesale by 3.3% in the second quarter. BlackRock Inc. now owns 27,121,793 shares of the retailer’s stock worth $5,667,910,000 after acquiring an additional 858,755 shares during the period. Marshall Wace LLP grew its holdings in shares of Costco Wholesale by 1,582.4% in the second quarter. Marshall Wace LLP now owns 250,388 shares of the retailer’s stock worth $52,326,000 after acquiring an additional 235,505 shares during the period. Cornerstone Wealth Management LLC bought a new stake in shares of Costco Wholesale in the second quarter worth $1,018,000. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Costco Wholesale by 70.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 506,193 shares of the retailer’s stock worth $105,784,000 after acquiring an additional 208,764 shares during the period. Hedge funds and other institutional investors own 71.65% of the company’s stock.

NASDAQ COST opened at $238.70 on Friday. The stock has a market capitalization of $103.73 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 3.02 and a beta of 0.91. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.46. Costco Wholesale Co. has a twelve month low of $167.05 and a twelve month high of $245.16.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 4th. The retailer reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.02. The firm had revenue of $44.41 billion during the quarter, compared to analyst estimates of $44.17 billion. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.21%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.08 earnings per share. Equities research analysts predict that Costco Wholesale Co. will post 7.7 earnings per share for the current fiscal year.

The firm also recently disclosed 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 33.38%.

Several analysts recently commented on the company. Oppenheimer lifted their price objective on Costco Wholesale from $210.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, August 21st. Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $270.00 price target for the company in a report on Tuesday, September 11th. Royal Bank of Canada cut their price target 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 reissued a “buy” rating and set a $255.00 price target 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 equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $237.94.

In other news, VP Franz E. Lazarus sold 23,000 shares of the company’s stock in a transaction dated Thursday, October 25th. The stock was sold at an average price of $226.76, for a total value of $5,215,480.00. Following the completion of the transaction, the vice president now owns 6,830 shares of the company’s stock, valued at $1,548,770.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Roland Michael Vachris sold 6,600 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $225.88, for a total value of $1,490,808.00. Following the completion of the transaction, the vice president now directly owns 17,282 shares of the company’s stock, valued at approximately $3,903,658.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,312 shares of company stock valued at $14,547,272. Corporate insiders own 0.74% of the company’s stock.

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

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