Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Ropes Wealth Advisors LLC

Ropes Wealth Advisors LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,978 shares of the retailer’s stock after purchasing an additional 78 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Costco Wholesale were worth $858,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new position in Costco Wholesale in the 2nd quarter worth approximately $26,000. Massey Quick Simon & CO. LLC bought a new position in Costco Wholesale in the 2nd quarter worth approximately $27,000. Horan Capital Advisors LLC. bought a new position in Costco Wholesale in the 3rd quarter worth approximately $31,000. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in Costco Wholesale by 164.3% in the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 111 shares of the retailer’s stock worth $32,000 after buying an additional 69 shares in the last quarter. Finally, Enterprise Trust & Investment Co grew its holdings in Costco Wholesale by 171.7% in the 3rd quarter. Enterprise Trust & Investment Co now owns 125 shares of the retailer’s stock worth $36,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

A number of equities analysts have issued reports on COST shares. Gordon Haskett raised Costco Wholesale from a “hold” rating to an “accumulate” rating and increased their price target for the company from $255.00 to $330.00 in a research note on Friday, September 20th. Telsey Advisory Group increased their price target on Costco Wholesale from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Oppenheimer lowered Costco Wholesale from an “outperform” rating to a “market perform” rating and increased their price target for the company from $295.00 to $300.00 in a research note on Wednesday, September 11th. Northcoast Research lowered Costco Wholesale from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 16th. Finally, Evercore ISI reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Sunday, August 11th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $295.57.

Shares of COST traded down $1.76 during trading hours on Monday, hitting $300.86. 79,876 shares of the company were exchanged, compared to its average volume of 1,980,943. The company has a market capitalization of $131.54 billion, a PE ratio of 36.74, a PEG ratio of 4.09 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.01 and a quick ratio of 0.52. The firm has a fifty day simple moving average of $294.80 and a 200-day simple moving average of $273.79. Costco Wholesale Co. has a one year low of $189.51 and a one year high of $307.34.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 3rd. The retailer reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.15. The business had revenue of $47.50 billion during the quarter, compared to analyst estimates of $47.71 billion. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $2.36 EPS. Sell-side analysts expect that Costco Wholesale Co. will post 8.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, October 31st. Costco Wholesale’s dividend payout ratio is presently 31.75%.

In other news, Director Susan L. Decker sold 333 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $297.50, for a total transaction of $99,067.50. Following the completion of the sale, the director now directly owns 41,470 shares of the company’s stock, valued at approximately $12,337,325. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Joseph P. Portera sold 14,095 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $299.52, for a total value of $4,221,734.40. Following the sale, the vice president now directly owns 6,211 shares of the company’s stock, valued at $1,860,318.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,093 shares of company stock valued at $9,915,511. Corporate insiders own 0.21% of the company’s stock.

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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Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).

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

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