Commerce Bank Has $29,361,000 Position in Costco Wholesale Corp. (COST)
Commerce Bank increased its stake in shares of Costco Wholesale Corp. (NASDAQ:COST) by 0.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,519 shares of the retailer’s stock after buying an additional 633 shares during the period. Commerce Bank’s holdings in Costco Wholesale Corp. were worth $29,361,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Buffington Mohr McNeal raised its stake in shares of Costco Wholesale Corp. by 1.5% in the third quarter. Buffington Mohr McNeal now owns 46,502 shares of the retailer’s stock worth $7,092,000 after buying an additional 670 shares in the last quarter. Quadrant Capital Management LLC raised its stake in shares of Costco Wholesale Corp. by 243.8% in the third quarter. Quadrant Capital Management LLC now owns 52,796 shares of the retailer’s stock worth $2,530,000 after buying an additional 37,439 shares in the last quarter. Crestwood Advisors LLC raised its stake in shares of Costco Wholesale Corp. by 24.4% in the third quarter. Crestwood Advisors LLC now owns 2,491 shares of the retailer’s stock worth $380,000 after buying an additional 488 shares in the last quarter. Albion Financial Group UT acquired a new stake in shares of Costco Wholesale Corp. during the third quarter worth about $342,000. Finally, Van Hulzen Asset Management LLC raised its stake in shares of Costco Wholesale Corp. by 0.4% in the third quarter. Van Hulzen Asset Management LLC now owns 14,024 shares of the retailer’s stock worth $2,139,000 after buying an additional 59 shares in the last quarter. 71.95% of the stock is owned by institutional investors and hedge funds.
Shares of Costco Wholesale Corp. (NASDAQ:COST) traded up 0.02% during mid-day trading on Wednesday, hitting $151.51. The stock had a trading volume of 336,975 shares. Costco Wholesale Corp. has a 52-week low of $138.57 and a 52-week high of $169.73. The stock has a 50 day moving average price of $149.38 and a 200-day moving average price of $155.57. The company has a market cap of $66.23 billion, a PE ratio of 28.43 and a beta of 0.85.
Costco Wholesale Corp. (NASDAQ:COST) last announced its earnings results on Thursday, September 29th. The retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the company earned $1.73 earnings per share. On average, equities analysts expect that Costco Wholesale Corp. will post $5.93 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.19%. The ex-dividend date was Wednesday, November 2nd. Costco Wholesale Corp.’s dividend payout ratio is presently 33.71%.
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COST has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reissued 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 restated a “buy” rating and set a $185.00 price objective on shares of Costco Wholesale Corp. in a report on Thursday, August 25th. Vetr raised Costco Wholesale Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, September 1st. Zacks Investment Research raised Costco Wholesale Corp. from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a research report on Tuesday, August 30th. Finally, Robert W. Baird set a $175.00 target price on Costco Wholesale Corp. and gave the company a “buy” rating in a research report on Friday, September 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Costco Wholesale Corp. has an average rating of “Buy” and an average target price of $172.11.
In other Costco Wholesale Corp. news, Director James D. Sinegal sold 20,114 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $149.02, for a total transaction of $2,997,388.28. Following the completion of the sale, the director now directly owns 768,136 shares of the company’s stock, valued at approximately $114,467,626.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Richard A. Galanti sold 1,930 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $143.53, for a total value of $277,012.90. Following the sale, the vice president now directly owns 36,650 shares of the company’s stock, valued at $5,260,374.50. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.
About Costco Wholesale Corp.
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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