SNS Financial Group LLC Acquires 2,357 Shares of Costco Wholesale Corporation (COST)
SNS Financial Group LLC grew its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1,161.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,154 shares of the retailer’s stock after acquiring an additional 2,357 shares during the period. SNS Financial Group LLC’s holdings in Costco Wholesale Corporation were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. State Street Corp boosted its holdings in Costco Wholesale Corporation by 1.3% in the 1st quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock worth $3,040,476,000 after buying an additional 239,479 shares during the period. FMR LLC boosted its holdings in Costco Wholesale Corporation by 1.5% in the 1st quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock worth $2,028,898,000 after buying an additional 177,200 shares during the period. Ameriprise Financial Inc. boosted its holdings in Costco Wholesale Corporation by 62.0% in the 1st quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock worth $768,568,000 after buying an additional 1,753,741 shares during the period. Janus Capital Management LLC boosted its holdings in Costco Wholesale Corporation by 8.6% in the 1st quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock worth $768,494,000 after buying an additional 361,581 shares during the period. Finally, Magellan Asset Management Ltd boosted its holdings in Costco Wholesale Corporation by 13.9% in the 1st quarter. Magellan Asset Management Ltd now owns 4,362,576 shares of the retailer’s stock worth $732,000,000 after buying an additional 532,896 shares during the period. 72.61% of the stock is owned by hedge funds and other institutional investors.
In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $157.59, for a total value of $157,590.00. Following the transaction, the director now directly owns 6,974 shares in the company, valued at approximately $1,099,032.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard M. Libenson sold 2,350 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $162.00, for a total transaction of $380,700.00. Following the completion of the transaction, the director now owns 4,109 shares in the company, valued at $665,658. The disclosure for this sale can be found here. Insiders sold a total of 15,350 shares of company stock worth $2,477,680 over the last 90 days. Insiders own 0.74% of the company’s stock.
Costco Wholesale Corporation (COST) opened at $166.44 on Friday. The company has a market cap of $72.73 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 2.63 and a beta of 0.93. 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 Corporation has a one year low of $142.11 and a one year high of $183.18.
Costco Wholesale Corporation (NASDAQ:COST) last issued its earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.06. The business had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 EPS. sell-side analysts anticipate that Costco Wholesale Corporation will post 6.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders 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 yield of 1.20%. Costco Wholesale Corporation’s dividend payout ratio is currently 32.89%.
Several research analysts recently weighed in on COST shares. Vetr raised shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 target price for the company in a report on Monday, August 21st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $172.00 target price on shares of Costco Wholesale Corporation in a report on Tuesday, September 5th. Citigroup Inc reaffirmed a “buy” rating and issued a $190.00 target price (up previously from $187.00) on shares of Costco Wholesale Corporation in a report on Monday, October 9th. Robert W. Baird set a $200.00 target price on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $190.00 target price (up previously from $184.00) on shares of Costco Wholesale Corporation in a report on Friday, October 6th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $178.50.
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Costco Wholesale Corporation 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.
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