Costco Wholesale Co. (COST) Stake Boosted by Stifel Financial Corp
Stifel Financial Corp grew its position in Costco Wholesale Co. (NASDAQ:COST) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 756,657 shares of the retailer’s stock after purchasing an additional 31,388 shares during the quarter. Stifel Financial Corp owned approximately 0.17% of Costco Wholesale worth $120,924,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its position in Costco Wholesale by 4.1% during the first quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock worth $544,809,000 after acquiring an additional 129,106 shares during the period. Mechanics Bank Trust Department increased its position in Costco Wholesale by 4.8% during the second quarter. Mechanics Bank Trust Department now owns 33,556 shares of the retailer’s stock worth $5,366,000 after acquiring an additional 1,529 shares during the period. Cadinha & Co. LLC increased its position in Costco Wholesale by 7.3% during the second quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock worth $19,934,000 after acquiring an additional 8,518 shares during the period. Stephens Inc. AR increased its position in Costco Wholesale by 3.1% during the first quarter. Stephens Inc. AR now owns 44,405 shares of the retailer’s stock worth $7,446,000 after acquiring an additional 1,350 shares during the period. Finally, Intersect Capital LLC increased its position in Costco Wholesale by 143.4% during the second quarter. Intersect Capital LLC now owns 5,382 shares of the retailer’s stock worth $861,000 after acquiring an additional 3,171 shares during the period. 73.54% of the stock is currently owned by institutional investors.
In other news, VP Dennis R. Zook sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $161.92, for a total value of $809,600.00. Following the completion of the sale, the vice president now directly owns 626 shares of the company’s stock, valued at approximately $101,361.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John D. Mckay sold 8,111 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were 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 directly owns 66,751 shares of the company’s stock, valued at $11,533,237.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,842 shares of company stock valued at $5,128,658. 0.74% of the stock is currently owned by company insiders.
Costco Wholesale Co. (NASDAQ:COST) opened at $171.62 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. Costco Wholesale Co. has a 52-week low of $150.00 and a 52-week high of $183.18. The stock has a market cap of $75,371.96, a PE ratio of 29.64, a price-to-earnings-growth ratio of 2.75 and a beta of 0.93.
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 company had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. During the same period in the prior year, the company posted $1.77 EPS. The company’s revenue was up 15.7% compared to the same quarter last year. equities research analysts anticipate that Costco Wholesale Co. will post 6.45 earnings per share for the current year.
The business also recently declared 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. The ex-dividend date is Thursday, November 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. Costco Wholesale’s dividend payout ratio (DPR) is presently 32.89%.
Several equities research analysts have issued reports on COST shares. TheStreet raised shares of Costco Wholesale from a “c” rating to a “b” rating in a report on Monday, October 9th. Robert W. Baird reissued a “buy” rating and issued a $200.00 price target on shares of Costco Wholesale in a report on Thursday, August 31st. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $185.00 price target on shares of Costco Wholesale in a report on Thursday, August 31st. UBS AG reissued a “buy” rating and issued a $190.00 price target on shares of Costco Wholesale in a report on Thursday, August 31st. Finally, Stifel Nicolaus set a $173.00 price target on shares of Costco Wholesale and gave the company a “buy” rating in a report on Thursday, August 3rd. Twelve equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $178.34.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/costco-wholesale-co-cost-stake-boosted-by-stifel-financial-corp/1725114.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).
Receive News & Ratings for Costco Wholesale Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.