Garrison Point Advisors LLC Purchases 100 Shares of Costco Wholesale Co. (NASDAQ:COST)

Garrison Point Advisors LLC increased its position in Costco Wholesale Co. (NASDAQ:COST) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,078 shares of the retailer’s stock after buying an additional 100 shares during the quarter. Costco Wholesale accounts for approximately 1.4% of Garrison Point Advisors LLC’s holdings, making the stock its 26th biggest holding. Garrison Point Advisors LLC’s holdings in Costco Wholesale were worth $1,493,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of COST. Cordasco Financial Network bought a new stake in Costco Wholesale in the fourth quarter valued at $25,000. Horan Capital Advisors LLC. bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $31,000. Cerebellum GP LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $32,000. Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of Costco Wholesale by 164.3% during the third quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 111 shares of the retailer’s stock valued at $32,000 after buying an additional 69 shares during the period. Finally, Princeton Global Asset Management LLC increased its position in shares of Costco Wholesale by 88.6% during the second quarter. Princeton Global Asset Management LLC now owns 132 shares of the retailer’s stock valued at $35,000 after buying an additional 62 shares during the period. 70.10% of the stock is currently owned by institutional investors.

In other news, EVP Russell D. Miller sold 1,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $302.83, for a total transaction of $302,830.00. Following the sale, the executive vice president now owns 1 shares in the company, valued at $302.83. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Joseph P. Portera sold 14,095 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $299.52, for a total transaction of $4,221,734.40. Following the sale, the vice president now directly owns 6,211 shares of the company’s stock, valued at approximately $1,860,318.72. The disclosure for this sale can be found here. Insiders have sold 30,313 shares of company stock valued at $9,099,357 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Several brokerages have commented on COST. BidaskClub upgraded shares of Costco Wholesale from a “sell” rating to a “hold” rating in a report on Friday, January 10th. Guggenheim reiterated a “hold” rating on shares of Costco Wholesale in a report on Thursday, October 10th. Oppenheimer raised Costco Wholesale from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $300.00 to $335.00 in a research report on Tuesday. They noted that the move was a valuation call. Morgan Stanley raised their target price on Costco Wholesale from $265.00 to $290.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Finally, Edward Jones lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $302.05.

Shares of Costco Wholesale stock traded down $3.10 during midday trading on Friday, hitting $309.78. The company had a trading volume of 1,427,238 shares, compared to its average volume of 1,831,837. Costco Wholesale Co. has a 52-week low of $205.75 and a 52-week high of $313.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.49 and a current ratio of 1.01. The stock has a market capitalization of $137.78 billion, a P/E ratio of 36.75, a P/E/G ratio of 4.47 and a beta of 0.89. The company has a 50 day moving average of $296.71 and a 200 day moving average of $291.09.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, December 12th. The retailer reported $1.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.02. Costco Wholesale had a return on equity of 24.22% and a net margin of 2.42%. The business had revenue of $37.04 billion during the quarter, compared to analysts’ expectations of $37.40 billion. During the same quarter in the previous year, the business earned $1.61 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts forecast that Costco Wholesale Co. will post 8.61 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.84%. Costco Wholesale’s payout ratio is presently 31.75%.

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

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