Wealthsource Partners LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 16.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,668 shares of the retailer’s stock after purchasing an additional 236 shares during the quarter. Wealthsource Partners LLC’s holdings in Costco Wholesale were worth $392,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of COST. Lee Financial Co lifted its holdings in Costco Wholesale by 63.7% in the third quarter. Lee Financial Co now owns 555 shares of the retailer’s stock valued at $130,000 after buying an additional 216 shares during the period. Joel Isaacson & Co. LLC lifted its holdings in Costco Wholesale by 14.0% in the third quarter. Joel Isaacson & Co. LLC now owns 1,787 shares of the retailer’s stock valued at $420,000 after buying an additional 220 shares during the period. Telemus Capital LLC lifted its holdings in Costco Wholesale by 6.8% in the third quarter. Telemus Capital LLC now owns 3,499 shares of the retailer’s stock valued at $822,000 after buying an additional 224 shares during the period. Cypress Capital Management LLC WY lifted its holdings in Costco Wholesale by 8.0% in the second quarter. Cypress Capital Management LLC WY now owns 3,055 shares of the retailer’s stock valued at $638,000 after buying an additional 225 shares during the period. Finally, Northstar Asset Management LLC lifted its holdings in Costco Wholesale by 16.6% in the third quarter. Northstar Asset Management LLC now owns 1,586 shares of the retailer’s stock valued at $373,000 after buying an additional 226 shares during the period. 71.16% of the stock is currently owned by institutional investors.

NASDAQ:COST opened at $231.89 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The stock has a market cap of $99.19 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 2.89 and a beta of 0.90. Costco Wholesale Co. has a one year low of $175.79 and a one year high of $245.16.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, October 4th. The retailer reported $2.36 EPS for the quarter, topping the consensus estimate of $2.34 by $0.02. The company had revenue of $44.41 billion during the quarter, compared to the consensus estimate of $44.17 billion. Costco Wholesale had a net margin of 2.21% and a return on equity of 24.67%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.08 earnings per share. On average, equities analysts predict that Costco Wholesale Co. will post 7.7 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Friday, November 9th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Thursday, November 8th. Costco Wholesale’s payout ratio is presently 33.38%.

Several equities analysts recently issued reports on COST shares. BidaskClub upgraded shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 22nd. Stifel Nicolaus upped their price objective on shares of Costco Wholesale from $220.00 to $245.00 and gave the company a “buy” rating in a report on Friday, September 7th. Zacks Investment Research lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Loop Capital set a $265.00 price objective on shares of Costco Wholesale and gave the company a “buy” rating in a report on Thursday, September 6th. Finally, Oppenheimer upped their price objective on shares of Costco Wholesale from $210.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, August 21st. Eight research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $236.85.

In other news, VP Richard A. Galanti sold 4,163 shares of the business’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $227.23, for a total transaction of $945,958.49. Following the completion of the sale, the vice president now directly owns 32,270 shares of the company’s stock, valued at $7,332,712.10. The transaction was disclosed in a legal 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 Monday, October 1st. The stock was sold at an average price of $235.81, for a total transaction of $707,430.00. Following the sale, the director now directly owns 8,654 shares of the company’s stock, valued at $2,040,699.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,312 shares of company stock valued at $13,847,852. 0.74% of the stock is currently owned by insiders.

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Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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

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