A.P. Gilfoyle & Co. L.P. Acquires New Stake in Costco Wholesale Co. (NASDAQ:COST)

A.P. Gilfoyle & Co. L.P. bought a new stake in Costco Wholesale Co. (NASDAQ:COSTFree Report) in the 4th quarter, Holdings Channel reports. The institutional investor bought 200 shares of the retailer’s stock, valued at approximately $132,000. Costco Wholesale accounts for about 24.3% of A.P. Gilfoyle & Co. L.P.’s investment portfolio, making the stock its 2nd largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Enterprise Financial Services Corp raised its stake in shares of Costco Wholesale by 1.6% in the fourth quarter. Enterprise Financial Services Corp now owns 892 shares of the retailer’s stock worth $589,000 after acquiring an additional 14 shares during the last quarter. Howard Financial Services LTD. lifted its holdings in Costco Wholesale by 1.8% during the 4th quarter. Howard Financial Services LTD. now owns 870 shares of the retailer’s stock worth $574,000 after buying an additional 15 shares in the last quarter. First National Corp MA ADV boosted its position in Costco Wholesale by 0.5% in the 4th quarter. First National Corp MA ADV now owns 3,098 shares of the retailer’s stock valued at $2,045,000 after buying an additional 15 shares during the last quarter. Morton Capital Management LLC CA increased its stake in shares of Costco Wholesale by 1.0% in the 4th quarter. Morton Capital Management LLC CA now owns 1,564 shares of the retailer’s stock valued at $1,032,000 after buying an additional 15 shares during the period. Finally, Insight Advisors LLC PA raised its position in shares of Costco Wholesale by 0.6% during the fourth quarter. Insight Advisors LLC PA now owns 2,736 shares of the retailer’s stock worth $1,807,000 after acquiring an additional 15 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COST has been the subject of a number of research reports. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price objective for the company. in a research report on Wednesday, April 3rd. Tigress Financial lifted their price target on shares of Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Loop Capital raised their price objective on shares of Costco Wholesale from $890.00 to $940.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Sunday, June 2nd. Finally, Oppenheimer increased their price target on Costco Wholesale from $850.00 to $905.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $751.85.

Check Out Our Latest Stock Analysis on COST

Costco Wholesale Stock Up 1.1 %

Shares of NASDAQ COST traded up $9.71 during mid-day trading on Friday, hitting $855.67. The company had a trading volume of 1,395,485 shares, compared to its average volume of 1,735,517. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The firm has a 50-day simple moving average of $774.06 and a two-hundred day simple moving average of $722.34. The company has a market capitalization of $379.34 billion, a PE ratio of 53.02, a price-to-earnings-growth ratio of 5.66 and a beta of 0.79. Costco Wholesale Co. has a one year low of $516.54 and a one year high of $856.18.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.08. The firm had revenue of $58.52 billion for the quarter, compared to analyst estimates of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.43 EPS. On average, equities analysts expect that Costco Wholesale Co. will post 15.96 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.54%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.18% of the stock is owned by insiders.

About Costco Wholesale

(Free Report)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

Further Reading

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTFree Report).

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

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