Huntington National Bank Buys 12,702 Shares of Costco Wholesale Co. (COST)

Huntington National Bank increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 167,504 shares of the retailer’s stock after purchasing an additional 12,702 shares during the quarter. Huntington National Bank’s holdings in Costco Wholesale were worth $27,520,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in COST. Janus Henderson Group PLC grew its position in shares of Costco Wholesale by 3,005.9% in the second quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock valued at $668,630,000 after purchasing an additional 4,046,164 shares in the last quarter. Harbour Capital Advisors LLC grew its position in shares of Costco Wholesale by 15,937.3% in the second quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock valued at $9,058,000 after purchasing an additional 1,439,613 shares in the last quarter. Capital World Investors grew its position in shares of Costco Wholesale by 6.0% in the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after purchasing an additional 1,007,720 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Costco Wholesale by 2.9% in the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after purchasing an additional 937,121 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Costco Wholesale by 2.9% in the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after purchasing an additional 703,825 shares in the last quarter. Institutional investors own 71.49% of the company’s stock.

Several brokerages have recently weighed in on COST. Oppenheimer reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday. Susquehanna Bancshares boosted their target price on Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a research report on Friday. Jefferies Group restated a “hold” rating on shares of Costco Wholesale in a research report on Thursday. Robert W. Baird restated a “buy” rating and set a $215.00 target price on shares of Costco Wholesale in a research report on Friday. Finally, Telsey Advisory Group boosted their target price on Costco Wholesale from $186.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $184.20.

Shares of Costco Wholesale Co. (NASDAQ:COST) opened at $192.73 on Friday. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $195.35. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $84,221.08, a PE ratio of 32.07, a PEG ratio of 3.12 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.41% and a net margin of 2.09%. The company had revenue of $31.81 billion during the quarter, compared to analyst estimates of $31.01 billion. During the same quarter in the previous year, the company posted $1.24 EPS. Costco Wholesale’s revenue for the quarter was up 13.2% on a year-over-year basis. analysts expect that Costco Wholesale Co. will post 6.5 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, November 16th. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.80%.

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

COPYRIGHT VIOLATION WARNING: “Huntington National Bank Buys 12,702 Shares of Costco Wholesale Co. (COST)” was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://stocknewstimes.com/2017/12/17/huntington-national-bank-buys-12702-shares-of-costco-wholesale-co-cost.html.

Costco Wholesale Company 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.

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).

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

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply