Costco Wholesale Corp. (COST) Shares Bought by Toronto Dominion Bank
Toronto Dominion Bank raised its stake in Costco Wholesale Corp. (NASDAQ:COST) by 284.0% during the third quarter, Holdings Channel reports. The institutional investor owned 14,047 shares of the retailer’s stock after buying an additional 10,389 shares during the period. Toronto Dominion Bank’s holdings in Costco Wholesale Corp. were worth $2,143,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Washington Trust Bank increased its stake in shares of Costco Wholesale Corp. by 2.5% in the second quarter. Washington Trust Bank now owns 19,857 shares of the retailer’s stock valued at $3,118,000 after buying an additional 488 shares in the last quarter. NEXT Financial Group Inc increased its stake in shares of Costco Wholesale Corp. by 3.1% in the second quarter. NEXT Financial Group Inc now owns 7,829 shares of the retailer’s stock valued at $1,229,000 after buying an additional 237 shares in the last quarter. West Oak Capital LLC increased its stake in shares of Costco Wholesale Corp. by 4.0% in the second quarter. West Oak Capital LLC now owns 9,406 shares of the retailer’s stock valued at $1,477,000 after buying an additional 366 shares in the last quarter. Patten & Patten Inc. TN increased its stake in shares of Costco Wholesale Corp. by 3.9% in the second quarter. Patten & Patten Inc. TN now owns 55,092 shares of the retailer’s stock valued at $8,652,000 after buying an additional 2,045 shares in the last quarter. Finally, Baxter Bros Inc. acquired a new stake in shares of Costco Wholesale Corp. during the second quarter valued at about $464,000. 71.95% of the stock is owned by hedge funds and other institutional investors.
Costco Wholesale Corp. (NASDAQ:COST) traded up 0.15% during trading on Tuesday, hitting $151.48. The company had a trading volume of 1,496,879 shares. Costco Wholesale Corp. has a one year low of $138.57 and a one year high of $169.73. The company has a market capitalization of $66.22 billion, a price-to-earnings ratio of 28.42 and a beta of 0.85. The stock has a 50-day moving average of $149.38 and a 200 day moving average of $155.57.
Costco Wholesale Corp. (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 29th. The retailer reported $1.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.04. The firm earned $35.73 billion during the quarter. Costco Wholesale Corp. had a return on equity of 20.26% and a net margin of 1.98%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 earnings per share. Equities analysts forecast that Costco Wholesale Corp. will post $5.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 1.19%. Costco Wholesale Corp.’s dividend payout ratio is 33.71%.
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Several brokerages recently issued reports on COST. Citigroup Inc. increased their price objective on Costco Wholesale Corp. from $155.00 to $172.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 16th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $179.00 price target on shares of Costco Wholesale Corp. in a research note on Friday, August 5th. Nomura reaffirmed a “buy” rating and set a $185.00 price target on shares of Costco Wholesale Corp. in a research note on Thursday, August 25th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $171.00 price target on shares of Costco Wholesale Corp. in a research note on Tuesday, August 2nd. Finally, Cowen and Company raised their price target on Costco Wholesale Corp. from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $172.11.
In other news, VP Timothy L. Rose sold 4,000 shares of Costco Wholesale Corp. stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $151.12, for a total transaction of $604,480.00. Following the completion of the transaction, the vice president now directly owns 51,045 shares in the company, valued at approximately $7,713,920.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Richard A. Galanti sold 3,111 shares of Costco Wholesale Corp. stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $148.89, for a total value of $463,196.79. Following the transaction, the vice president now owns 33,539 shares of the company’s stock, valued at $4,993,621.71. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.
Costco Wholesale Corp. Company Profile
Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.
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