Motley Fool Wealth Management LLC Increases Position in Costco Wholesale Co. (NASDAQ:COST)
Motley Fool Wealth Management LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 1.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 26,861 shares of the retailer’s stock after acquiring an additional 397 shares during the period. Motley Fool Wealth Management LLC’s holdings in Costco Wholesale were worth $6,309,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc acquired a new position in shares of Costco Wholesale during the second quarter worth $103,000. Parkside Investments LLC acquired a new stake in Costco Wholesale in the third quarter valued at $105,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Costco Wholesale in the second quarter valued at $119,000. Capital Advisors Ltd. LLC raised its holdings in Costco Wholesale by 180.0% in the third quarter. Capital Advisors Ltd. LLC now owns 560 shares of the retailer’s stock valued at $132,000 after acquiring an additional 360 shares in the last quarter. Finally, Legacy Advisors LLC raised its holdings in Costco Wholesale by 632.9% in the third quarter. Legacy Advisors LLC now owns 579 shares of the retailer’s stock valued at $136,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.
Several analysts have weighed in on the stock. Citigroup lowered shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lowered their target price for the company from $257.00 to $238.00 in a research note on Monday, December 3rd. Loop Capital set a $265.00 price target on shares of Costco Wholesale and gave the stock a “buy” rating in a research report on Wednesday, October 10th. Stifel Nicolaus upped their price target on shares of Costco Wholesale from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Deutsche Bank lowered their price target on shares of Costco Wholesale from $226.00 to $223.00 and set a “hold” rating for the company in a research report on Friday, October 5th. Finally, Zacks Investment Research downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Monday, September 17th. Eight investment 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 company. The company currently has a consensus rating of “Buy” and a consensus target price of $236.85.
NASDAQ:COST traded down $8.34 during mid-day trading on Friday, reaching $224.86. The stock had a trading volume of 2,860,655 shares, compared to its average volume of 2,187,973. Costco Wholesale Co. has a fifty-two week low of $175.79 and a fifty-two week high of $245.16. The company has a market capitalization of $102.19 billion, a P/E ratio of 32.92, a P/E/G ratio of 2.97 and a beta of 0.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.46 and a current ratio of 1.02.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 4th. The retailer reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.02. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.21%. The firm had revenue of $44.41 billion for the quarter, compared to the consensus estimate of $44.17 billion. During the same quarter in the prior year, the company posted $2.08 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts forecast that Costco Wholesale Co. will post 7.7 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Friday, November 9th were issued a $0.57 dividend. The ex-dividend date was Thursday, November 8th. This represents a $2.28 dividend on an annualized basis and a yield of 1.01%. Costco Wholesale’s dividend payout ratio is currently 33.38%.
Costco Wholesale 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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