Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.7% in the first quarter, Holdings Channel.com reports. The fund owned 15,703 shares of the retailer’s stock after purchasing an additional 846 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Costco Wholesale were worth $5,655,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in COST. BlackRock Inc. increased its stake in Costco Wholesale by 3.6% in the 1st quarter. BlackRock Inc. now owns 29,726,284 shares of the retailer’s stock valued at $10,477,920,000 after purchasing an additional 1,042,052 shares in the last quarter. Morgan Stanley raised its stake in shares of Costco Wholesale by 40.3% during the 4th quarter. Morgan Stanley now owns 7,084,438 shares of the retailer’s stock worth $2,669,275,000 after buying an additional 2,034,871 shares during the last quarter. Norges Bank purchased a new stake in shares of Costco Wholesale in the 4th quarter worth about $1,784,019,000. Alliancebernstein L.P. increased its holdings in Costco Wholesale by 17.2% during the 1st quarter. Alliancebernstein L.P. now owns 4,452,765 shares of the retailer’s stock valued at $1,569,511,000 after acquiring an additional 652,748 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in Costco Wholesale by 10.3% during the 4th quarter. Nuveen Asset Management LLC now owns 4,212,988 shares of the retailer’s stock valued at $1,587,370,000 after acquiring an additional 394,660 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

In other Costco Wholesale news, VP Patrick J. Callans sold 2,500 shares of the firm’s stock in a transaction on Monday, June 7th. The shares were sold at an average price of $384.31, for a total transaction of $960,775.00. Following the completion of the transaction, the vice president now directly owns 59,718 shares of the company’s stock, valued at approximately $22,950,224.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Roland Michael Vachris sold 4,300 shares of the business’s stock in a transaction dated Monday, March 22nd. The stock was sold at an average price of $334.30, for a total transaction of $1,437,490.00. Following the completion of the sale, the vice president now directly owns 15,602 shares of the company’s stock, valued at approximately $5,215,748.60. The disclosure for this sale can be found here. Insiders sold 9,030 shares of company stock valued at $3,227,959 in the last three months. 0.22% of the stock is currently owned by company insiders.

Several research firms have recently commented on COST. Stifel Nicolaus increased their price target on shares of Costco Wholesale from $390.00 to $410.00 and gave the company a “buy” rating in a research report on Friday, May 28th. Barclays raised their price target on Costco Wholesale from $400.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, May 28th. They noted that the move was a valuation call. Wells Fargo & Company upped their price objective on Costco Wholesale from $400.00 to $415.00 and gave the company an “overweight” rating in a research report on Wednesday, June 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Costco Wholesale from $352.00 to $363.00 and gave the company a “hold” rating in a research note on Friday, May 28th. Finally, Loop Capital raised their price target on shares of Costco Wholesale from $415.00 to $425.00 and gave the stock a “buy” rating in a research note on Friday, May 28th. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $401.00.

Shares of COST traded down $1.53 during mid-day trading on Friday, reaching $381.48. 27,052 shares of the stock traded hands, compared to its average volume of 2,618,807. The firm has a fifty day moving average of $375.16. Costco Wholesale Co. has a 12-month low of $293.84 and a 12-month high of $393.15. The company has a current ratio of 1.00, a quick ratio of 0.50 and a debt-to-equity ratio of 0.44. The stock has a market cap of $168.64 billion, a price-to-earnings ratio of 36.00, a price-to-earnings-growth ratio of 4.02 and a beta of 0.65.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Wednesday, May 26th. The retailer reported $2.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.47. The firm had revenue of $44.38 billion for the quarter, compared to the consensus estimate of $43.82 billion. Costco Wholesale had a net margin of 2.53% and a return on equity of 27.30%. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 EPS. As a group, research analysts predict that Costco Wholesale Co. will post 10.37 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 14th. Investors of record on Friday, April 30th were issued a $0.79 dividend. The ex-dividend date of this dividend was Thursday, April 29th. This represents a $3.16 dividend on an annualized basis and a yield of 0.83%. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.70. Costco Wholesale’s dividend payout ratio is currently 35.71%.

Costco Wholesale Company Profile

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

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

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