Borer Denton & Associates Inc. Has $20.80 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Borer Denton & Associates Inc. increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,466 shares of the retailer’s stock after purchasing an additional 201 shares during the period. Costco Wholesale accounts for 7.1% of Borer Denton & Associates Inc.’s holdings, making the stock its 3rd biggest holding. Borer Denton & Associates Inc.’s holdings in Costco Wholesale were worth $20,803,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of COST. International Assets Investment Management LLC grew its position in shares of Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after buying an additional 7,364,453 shares during the last quarter. Wulff Hansen & CO. boosted its stake in Costco Wholesale by 99,208.6% in the second quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock valued at $1,253,508,000 after acquiring an additional 1,473,248 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Costco Wholesale by 287.3% in the second quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock worth $710,802,000 after purchasing an additional 620,341 shares during the last quarter. Strategic Financial Concepts LLC increased its position in shares of Costco Wholesale by 51,747.5% during the second quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock worth $5,266,000 after purchasing an additional 618,383 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of Costco Wholesale during the 1st quarter valued at $285,618,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Costco Wholesale

In related news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the sale, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. The trade was a 27.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,016 shares of company stock valued at $9,826,115 in the last three months. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Performance

COST opened at $964.01 on Friday. The stock has a market cap of $427.12 billion, a P/E ratio of 58.18, a P/E/G ratio of 5.90 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The firm has a fifty day moving average price of $901.18 and a 200 day moving average price of $865.47. Costco Wholesale Co. has a 1 year low of $582.83 and a 1 year high of $976.30.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same period in the prior year, the company posted $4.86 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities research analysts anticipate that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s payout ratio is currently 28.00%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Tigress Financial restated a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Oppenheimer increased their price objective on shares of Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Roth Mkm boosted their target price on shares of Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Finally, Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target for the company in a report on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $908.81.

About Costco Wholesale

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.