Alley Co LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,548 shares of the retailer’s stock after acquiring an additional 400 shares during the period. Alley Co LLC’s holdings in Costco Wholesale were worth $2,883,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Lyell Wealth Management LP boosted its position in shares of Costco Wholesale by 7.8% in the 3rd quarter. Lyell Wealth Management LP now owns 19,942 shares of the retailer’s stock valued at $3,276,000 after purchasing an additional 1,440 shares during the period. Private Capital Management Inc. boosted its position in shares of Costco Wholesale by 14.0% in the 3rd quarter. Private Capital Management Inc. now owns 4,075 shares of the retailer’s stock valued at $669,000 after purchasing an additional 500 shares during the period. Honeywell International Inc. boosted its position in shares of Costco Wholesale by 13.5% in the 3rd quarter. Honeywell International Inc. now owns 338,800 shares of the retailer’s stock valued at $55,661,000 after purchasing an additional 40,200 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Costco Wholesale by 6.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 115,013 shares of the retailer’s stock valued at $18,896,000 after purchasing an additional 6,484 shares during the period. Finally, IFC Holdings Incorporated FL boosted its position in shares of Costco Wholesale by 26.2% in the 3rd quarter. IFC Holdings Incorporated FL now owns 2,771 shares of the retailer’s stock valued at $455,000 after purchasing an additional 575 shares during the period. 71.22% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Co. (COST) opened at $188.33 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. Costco Wholesale Co. has a one year low of $150.00 and a one year high of $195.35. The firm has a market capitalization of $84,221.00, a P/E ratio of 32.07, a P/E/G ratio of 3.12 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The business had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. During the same period last year, the business earned $1.24 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. research analysts predict that Costco Wholesale Co. will post 6.5 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, November 16th. Costco Wholesale’s dividend payout ratio is currently 31.80%.

A number of equities analysts recently weighed in on COST shares. Moffett Nathanson started coverage on Costco Wholesale in a research report on Monday, December 4th. They issued a “buy” rating for the company. < Robert W. Baird reiterated a "buy" rating and issued a $215.00 price target on shares of Costco Wholesale in a research report on Friday, December 15th. Susquehanna Bancshares raised their price objective on Costco Wholesale from $205.00 to $215.00 and gave the stock a "positive" rating in a research report on Friday, December 15th. Oppenheimer restated a "buy" rating on shares of Costco Wholesale in a research report on Thursday, August 24th. Finally, Stifel Nicolaus restated a "buy" rating and set a $200.00 price objective (up from $185.00) on shares of Costco Wholesale in a research report on Friday, December 15th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of "Buy" and an average target price of $187.32.

In other Costco Wholesale news, VP Richard A. Galanti sold 5,000 shares of Costco Wholesale stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $160.58, for a total value of $802,900.00. Following the transaction, the vice president now directly owns 41,396 shares of the company’s stock, valued at approximately $6,647,369.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $164.92, for a total value of $164,920.00. Following the completion of the transaction, the director now directly owns 6,974 shares in the company, valued at $1,150,152.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,842 shares of company stock worth $10,347,448. Company insiders own 0.74% of the company’s stock.

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Costco Wholesale 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 (NASDAQ:COST)

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