MAI Capital Management grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,622 shares of the retailer’s stock after purchasing an additional 327 shares during the period. MAI Capital Management’s holdings in Costco Wholesale were worth $7,897,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. MUFG Securities EMEA plc purchased a new position in Costco Wholesale during the second quarter valued at approximately $103,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Costco Wholesale during the second quarter valued at approximately $119,000. Trilogy Capital Inc. purchased a new position in Costco Wholesale during the first quarter valued at approximately $116,000. Zions Bancorporation purchased a new position in Costco Wholesale during the second quarter valued at approximately $160,000. Finally, BerganKDV Wealth Management LLC purchased a new position in Costco Wholesale during the second quarter valued at approximately $179,000. 71.49% of the stock is owned by institutional investors.

In other news, VP James P. Murphy sold 15,000 shares of the company’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $219.22, for a total value of $3,288,300.00. Following the completion of the sale, the vice president now owns 33,834 shares of the company’s stock, valued at approximately $7,417,089.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $218.65, for a total transaction of $655,950.00. The disclosure for this sale can be found here. Insiders sold a total of 24,000 shares of company stock valued at $5,351,100 in the last ninety days. 0.58% of the stock is owned by corporate insiders.

Several brokerages recently commented on COST. Loop Capital boosted their price objective on shares of Costco Wholesale to $235.00 and gave the company a “buy” rating in a research note on Wednesday, July 11th. Northcoast Research raised shares of Costco Wholesale from a “neutral” rating to a “buy” rating in a research note on Friday. BidaskClub cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 19th. Gordon Haskett cut shares of Costco Wholesale from a “buy” rating to an “accumulate” rating in a research note on Wednesday, July 25th. Finally, BMO Capital Markets set a $260.00 price objective on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Monday, September 10th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Costco Wholesale currently has a consensus rating of “Buy” and an average target price of $237.94.

COST stock opened at $226.95 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 0.47. Costco Wholesale Co. has a one year low of $157.00 and a one year high of $245.16. The company has a market capitalization of $103.00 billion, a price-to-earnings ratio of 38.99, a P/E/G ratio of 2.78 and a beta of 0.95.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, October 4th. The retailer reported $2.36 EPS for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.02. Costco Wholesale had a net margin of 2.16% and a return on equity of 24.67%. The business had revenue of $44.41 billion during the quarter, compared to analysts’ expectations of $44.17 billion. During the same quarter in the previous year, the company earned $2.08 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts forecast that Costco Wholesale Co. will post 6.8 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were paid a $0.57 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.00%. Costco Wholesale’s dividend payout ratio (DPR) is 39.18%.

About Costco Wholesale

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.

Further Reading: Leveraged Buyout (LBO) Explained

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

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