Costco Wholesale Co. (COST) Position Lifted by Howe & Rusling Inc.

Howe & Rusling Inc. lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 72.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,123 shares of the retailer’s stock after buying an additional 893 shares during the period. Howe & Rusling Inc.’s holdings in Costco Wholesale were worth $349,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Delta Asset Management LLC TN grew its position in Costco Wholesale by 11.6% during the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after purchasing an additional 65 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of Costco Wholesale in the second quarter valued at about $101,000. Northwest Investment Counselors LLC purchased a new stake in shares of Costco Wholesale in the second quarter valued at about $107,000. Mercer Capital Advisers Inc. boosted its holdings in shares of Costco Wholesale by 3.5% in the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after acquiring an additional 23 shares in the last quarter. Finally, Ledyard National Bank boosted its holdings in shares of Costco Wholesale by 19.1% in the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after acquiring an additional 130 shares in the last quarter. 71.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Costco Wholesale Co. (COST) opened at $188.86 on Tuesday. Costco Wholesale Co. has a twelve month low of $150.00 and a twelve month high of $191.22. The stock has a market cap of $82,184.63, a P/E ratio of 32.31, a P/E/G ratio of 3.05 and a beta of 0.98. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.43.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. The firm had revenue of $42.30 billion during the quarter, compared to the consensus estimate of $41.55 billion. During the same period in the previous year, the firm earned $1.77 earnings per share. Costco Wholesale’s revenue was up 15.7% compared to the same quarter last year. equities analysts anticipate that Costco Wholesale Co. will post 6.47 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. Costco Wholesale’s payout ratio is 32.89%.

In other Costco Wholesale news, insider John D. Mckay sold 8,111 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $172.78, for a total transaction of $1,401,418.58. Following the completion of the sale, the insider now directly owns 66,751 shares in the company, valued at $11,533,237.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $183.26, for a total transaction of $549,780.00. Following the sale, the director now owns 8,654 shares of the company’s stock, valued at $1,585,932.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,842 shares of company stock valued at $5,520,848. 0.74% of the stock is owned by insiders.

Several analysts have recently weighed in on the stock. Moffett Nathanson assumed coverage on shares of Costco Wholesale in a report on Monday, December 4th. They issued a “buy” rating on the stock. < Vetr downgraded shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 target price on the stock. in a report on Friday, December 1st. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale in a research note on Thursday, October 5th. BMO Capital Markets set a $160.00 price objective on shares of Costco Wholesale and gave the company a “hold” rating in a research note on Saturday, October 7th. Finally, Stifel Nicolaus raised their price objective on shares of Costco Wholesale from $179.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 30th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $179.50.

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About Costco Wholesale

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 (NASDAQ:COST)

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