Cedar Capital LLC acquired a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 871 shares of the retailer’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MUFG Securities EMEA plc bought a new position in shares of Costco Wholesale in the second quarter valued at approximately $103,000. Parkside Investments LLC bought a new position in shares of Costco Wholesale in the third quarter valued at approximately $105,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Costco Wholesale in the second quarter valued at approximately $119,000. Lee Financial Co raised its stake in shares of Costco Wholesale by 63.7% in the third quarter. Lee Financial Co now owns 555 shares of the retailer’s stock valued at $130,000 after acquiring an additional 216 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Costco Wholesale by 180.0% in the third quarter. Capital Advisors Ltd. LLC now owns 560 shares of the retailer’s stock valued at $132,000 after acquiring an additional 360 shares during the last quarter. 71.82% of the stock is currently owned by institutional investors.

In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $233.14, for a total transaction of $699,420.00. Following the completion of the sale, the director now owns 8,654 shares in the company, valued at approximately $2,017,593.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Roland Michael Vachris sold 6,600 shares of the company’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $225.88, for a total transaction of $1,490,808.00. Following the sale, the vice president now owns 17,282 shares of the company’s stock, valued at approximately $3,903,658.16. The disclosure for this sale can be found here. Insiders have sold a total of 64,312 shares of company stock valued at $14,547,272 in the last quarter. Corporate insiders own 0.58% of the company’s stock.

A number of research analysts have recently issued reports on COST shares. Gordon Haskett cut shares of Costco Wholesale from a “buy” rating to an “accumulate” rating in a research note on Wednesday, July 25th. BMO Capital Markets set a $260.00 target price on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Monday, September 10th. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Loop Capital set a $265.00 price objective on shares of Costco Wholesale and gave the stock a “buy” rating in a research report on Thursday, September 6th. Finally, Cowen restated a “buy” rating and issued a $240.00 price objective on shares of Costco Wholesale in a research report on Friday, August 10th. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Costco Wholesale presently has an average rating of “Buy” and a consensus price target of $237.94.

Shares of Costco Wholesale stock opened at $219.31 on Wednesday. The firm has a market cap of $100.24 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 2.93 and a beta of 0.91. Costco Wholesale Co. has a 52 week low of $171.10 and a 52 week high of $245.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.46.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, October 4th. The retailer reported $2.36 EPS for the quarter, beating the consensus estimate of $2.34 by $0.02. The company had revenue of $44.41 billion during the quarter, compared to analysts’ expectations of $44.17 billion. Costco Wholesale had a net margin of 2.21% and a return on equity of 24.67%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.08 EPS. As a group, sell-side analysts forecast that Costco Wholesale Co. will post 7.68 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Friday, November 9th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Thursday, November 8th. Costco Wholesale’s payout ratio is 33.38%.

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Costco Wholesale Company 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.

Further Reading: Are all No-Load Funds Equal?

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

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