Knuff & Co LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 8,718 shares of the retailer’s stock after acquiring an additional 118 shares during the period. Costco Wholesale comprises about 1.7% of Knuff & Co LLC’s portfolio, making the stock its 16th largest holding. Knuff & Co LLC’s holdings in Costco Wholesale were worth $2,512,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Krane Funds Advisors LLC acquired a new position in Costco Wholesale during the second quarter worth $26,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Costco Wholesale in the second quarter valued at about $27,000. Horan Capital Advisors LLC. acquired a new stake in shares of Costco Wholesale in the third quarter valued at about $31,000. Farmers & Merchants Trust Co of Chambersburg PA grew its position in shares of Costco Wholesale by 164.3% in the third quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 111 shares of the retailer’s stock valued at $32,000 after purchasing an additional 69 shares during the last quarter. Finally, Enterprise Trust & Investment Co grew its position in shares of Costco Wholesale by 171.7% in the third quarter. Enterprise Trust & Investment Co now owns 125 shares of the retailer’s stock valued at $36,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.
Several equities research analysts have recently issued reports on COST shares. Evercore ISI reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Sunday, August 11th. Deutsche Bank increased their target price on shares of Costco Wholesale from $274.00 to $286.00 and gave the company a “hold” rating in a research note on Thursday. Loop Capital increased their target price on shares of Costco Wholesale to $330.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Telsey Advisory Group increased their target price on shares of Costco Wholesale from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Finally, Robert W. Baird set a $325.00 target price on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $295.57.
Shares of NASDAQ COST traded down $1.70 during midday trading on Monday, reaching $300.92. 56,475 shares of the stock were exchanged, compared to its average volume of 1,980,943. The company has a market capitalization of $131.54 billion, a price-to-earnings ratio of 36.74, a P/E/G ratio of 4.09 and a beta of 0.93. Costco Wholesale Co. has a 12 month low of $189.51 and a 12 month high of $307.34. The business has a 50-day simple moving average of $294.80 and a two-hundred day simple moving average of $273.79. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.01 and a quick ratio of 0.52.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 3rd. The retailer reported $2.69 EPS for the quarter, beating the consensus estimate of $2.54 by $0.15. The business had revenue of $47.50 billion for the quarter, compared to analysts’ expectations of $47.71 billion. Costco Wholesale had a net margin of 2.40% and a return on equity of 25.00%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.36 EPS. Equities research analysts expect that Costco Wholesale Co. will post 8.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.65 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.60 annualized dividend and a yield of 0.86%. Costco Wholesale’s dividend payout ratio is currently 31.75%.
In related news, VP Joseph P. Portera sold 14,095 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $299.52, for a total value of $4,221,734.40. Following the transaction, the vice president now owns 6,211 shares in the company, valued at approximately $1,860,318.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Susan L. Decker sold 333 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $297.50, for a total transaction of $99,067.50. Following the completion of the transaction, the director now owns 41,470 shares in the company, valued at approximately $12,337,325. The disclosure for this sale can be found here. Insiders sold a total of 33,093 shares of company stock worth $9,915,511 over the last ninety days. 0.21% of the stock is currently owned by insiders.
About Costco Wholesale
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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