Wellington Shields & Co. LLC Increases Stock Position in Costco Wholesale Co. (NASDAQ:COST)


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Wellington Shields & Co. LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 28.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 900 shares of the retailer’s stock after buying an additional 200 shares during the period. Wellington Shields & Co. LLC’s holdings in Costco Wholesale were worth $339,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kingsview Wealth Management LLC boosted its holdings in Costco Wholesale by 62.4% during the third quarter. Kingsview Wealth Management LLC now owns 20,081 shares of the retailer’s stock worth $7,129,000 after buying an additional 7,713 shares in the last quarter. Vanguard Capital Wealth Advisors purchased a new stake in Costco Wholesale during the fourth quarter worth $356,000. Brasada Capital Management LP boosted its holdings in Costco Wholesale by 8.0% during the fourth quarter. Brasada Capital Management LP now owns 20,193 shares of the retailer’s stock worth $7,608,000 after buying an additional 1,497 shares in the last quarter. Wade G W & Inc. boosted its holdings in Costco Wholesale by 83.5% during the fourth quarter. Wade G W & Inc. now owns 7,641 shares of the retailer’s stock worth $2,879,000 after buying an additional 3,478 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in Costco Wholesale by 0.8% during the fourth quarter. Private Trust Co. NA now owns 12,416 shares of the retailer’s stock worth $4,678,000 after buying an additional 93 shares in the last quarter. 67.21% of the stock is currently owned by hedge funds and other institutional investors.

COST has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $320.00 to $360.00 and gave the company an “equal weight” rating in a report on Thursday, December 3rd. Royal Bank of Canada increased their price objective on shares of Costco Wholesale from $412.00 to $419.00 in a report on Thursday, November 5th. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $372.00 price objective on the stock in a report on Tuesday, February 2nd. Morgan Stanley increased their price objective on shares of Costco Wholesale from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Monday, December 14th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Costco Wholesale from $344.00 to $347.00 and gave the company a “hold” rating in a research report on Thursday, January 7th. Eleven analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $386.08.

NASDAQ:COST traded down $4.13 on Tuesday, reaching $346.08. The stock had a trading volume of 65,555 shares, compared to its average volume of 2,419,829. The company has a market cap of $153.30 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 4.17 and a beta of 0.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.53. The firm’s fifty day moving average is $359.83 and its two-hundred day moving average is $361.79. Costco Wholesale Co. has a 12-month low of $271.28 and a 12-month high of $393.15.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Wednesday, December 9th. The retailer reported $2.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.24. The company had revenue of $43.21 billion for the quarter, compared to analyst estimates of $42.26 billion. Costco Wholesale had a net margin of 2.50% and a return on equity of 24.50%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 EPS. As a group, research analysts forecast that Costco Wholesale Co. will post 9.95 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 19th. Stockholders of record on Friday, February 5th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Thursday, February 4th. Costco Wholesale’s dividend payout ratio is currently 31.64%.

In other news, VP Patrick J. Callans sold 2,500 shares of the stock in a transaction that occurred on Monday, December 14th. The stock was sold at an average price of $374.65, for a total transaction of $936,625.00. Following the completion of the transaction, the vice president now directly owns 59,838 shares in the company, valued at approximately $22,418,306.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Susan L. Decker sold 694 shares of the stock in a transaction that occurred on Wednesday, January 27th. The shares were sold at an average price of $363.35, for a total value of $252,164.90. Following the transaction, the director now owns 19,047 shares of the company’s stock, valued at $6,920,727.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,269 shares of company stock valued at $7,878,998. Corporate insiders own 0.22% of the company’s stock.

Costco Wholesale Profile

Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.

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

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