Cypress Capital Group increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,584 shares of the retailer’s stock after acquiring an additional 605 shares during the quarter. Cypress Capital Group’s holdings in Costco Wholesale were worth $3,337,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of COST. CX Institutional grew its holdings in shares of Costco Wholesale by 0.5% during the third quarter. CX Institutional now owns 7,182 shares of the retailer’s stock valued at $2,069,000 after buying an additional 35 shares in the last quarter. BKD Wealth Advisors LLC grew its holdings in shares of Costco Wholesale by 2.6% during the second quarter. BKD Wealth Advisors LLC now owns 1,533 shares of the retailer’s stock valued at $405,000 after buying an additional 39 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in shares of Costco Wholesale by 0.3% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 14,527 shares of the retailer’s stock valued at $3,839,000 after buying an additional 40 shares in the last quarter. Northeast Financial Consultants Inc grew its holdings in shares of Costco Wholesale by 4.8% during the second quarter. Northeast Financial Consultants Inc now owns 882 shares of the retailer’s stock valued at $233,000 after buying an additional 40 shares in the last quarter. Finally, S. R. Schill & Associates grew its holdings in shares of Costco Wholesale by 1.9% during the second quarter. S. R. Schill & Associates now owns 2,166 shares of the retailer’s stock valued at $572,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 71.07% of the company’s stock.

A number of analysts recently issued reports on COST shares. Barclays set a $275.00 price objective on Costco Wholesale and gave the company a “hold” rating in a research report on Monday, August 12th. Nomura lifted their price objective on Costco Wholesale from $235.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Gordon Haskett raised Costco Wholesale from a “hold” rating to an “accumulate” rating and lifted their price objective for the company from $255.00 to $330.00 in a research report on Friday, September 20th. Guggenheim reissued a “hold” rating on shares of Costco Wholesale in a research report on Friday, September 6th. Finally, Raymond James lifted their price objective on Costco Wholesale from $260.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $293.13.

COST traded up $0.24 on Thursday, hitting $297.14. 1,586,056 shares of the stock traded hands, compared to its average volume of 2,597,380. Costco Wholesale Co. has a 52 week low of $189.51 and a 52 week high of $307.34. The company has a current ratio of 1.01, a quick ratio of 0.52 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $129.04 billion, a PE ratio of 36.28, a P/E/G ratio of 4.02 and a beta of 0.94. The business has a fifty day moving average price of $289.64 and a two-hundred day moving average price of $265.39.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, October 3rd. The retailer reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.15. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The firm had revenue of $47.50 billion for the quarter, compared to analyst estimates of $47.71 billion. During the same period in the previous year, the company posted $2.36 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that Costco Wholesale Co. will post 8.6 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.65 dividend. The ex-dividend date was Thursday, August 29th. This represents a $2.60 annualized dividend and a dividend yield of 0.88%. Costco Wholesale’s dividend payout ratio is currently 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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