Thompson Davis & CO. Inc. Has $1.57 Million Stake in Costco Wholesale Corporation $COST

Thompson Davis & CO. Inc. boosted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 13.4% in the second quarter, Holdings Channel reports. The fund owned 1,584 shares of the retailer’s stock after acquiring an additional 187 shares during the period. Costco Wholesale accounts for 0.7% of Thompson Davis & CO. Inc.’s investment portfolio, making the stock its 23rd biggest holding. Thompson Davis & CO. Inc.’s holdings in Costco Wholesale were worth $1,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Peterson Wealth Services boosted its stake in Costco Wholesale by 0.5% in the 2nd quarter. Peterson Wealth Services now owns 13,616 shares of the retailer’s stock valued at $13,479,000 after buying an additional 72 shares in the last quarter. Fishman Jay A Ltd. MI grew its stake in Costco Wholesale by 3.5% during the second quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock worth $16,718,000 after buying an additional 575 shares during the last quarter. Independent Solutions Wealth Management LLC increased its holdings in shares of Costco Wholesale by 0.3% during the second quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock worth $20,430,000 after buying an additional 53 shares in the last quarter. Laffer Tengler Investments Inc. boosted its holdings in shares of Costco Wholesale by 22.7% in the 2nd quarter. Laffer Tengler Investments Inc. now owns 5,903 shares of the retailer’s stock worth $5,844,000 after acquiring an additional 1,092 shares in the last quarter. Finally, Rossmore Private Capital grew its holdings in shares of Costco Wholesale by 0.9% during the first quarter. Rossmore Private Capital now owns 6,687 shares of the retailer’s stock worth $6,325,000 after purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on COST shares. Citigroup lowered their price target on shares of Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Daiwa Capital Markets reduced their target price on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Roth Capital set a $907.00 price target on shares of Costco Wholesale and gave the stock a “neutral” rating in a research note on Friday, September 26th. Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a report on Thursday, October 9th. Finally, BTIG Research began coverage on shares of Costco Wholesale in a report on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 target price for the company. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,063.88.

Costco Wholesale Stock Down 0.1%

Costco Wholesale stock opened at $912.69 on Thursday. Costco Wholesale Corporation has a 1-year low of $871.71 and a 1-year high of $1,078.23. The company has a market cap of $404.48 billion, a P/E ratio of 50.22, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $936.35 and a 200 day simple moving average of $967.41.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. During the same period in the previous year, the company earned $5.15 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is presently 28.56%.

Insiders Place Their Bets

In other news, EVP William Richard Wilcox sold 2,400 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $930.13, for a total value of $2,232,312.00. Following the transaction, the executive vice president directly owned 2,000 shares of the company’s stock, valued at $1,860,260. This represents a 54.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Claudine Adamo sold 2,700 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the completion of the transaction, the executive vice president owned 6,851 shares in the company, valued at approximately $6,410,343.68. This trade represents a 28.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,320 shares of company stock worth $9,605,487 in the last quarter. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.