Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Glass Jacobson Investment Advisors llc

Glass Jacobson Investment Advisors llc boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 69.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 487 shares of the retailer’s stock after buying an additional 199 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Costco Wholesale were worth $432,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MML Investors Services LLC grew its position in Costco Wholesale by 10.4% during the third quarter. MML Investors Services LLC now owns 100,816 shares of the retailer’s stock valued at $89,375,000 after buying an additional 9,533 shares during the period. CTC Alternative Strategies Ltd. acquired a new stake in shares of Costco Wholesale in the third quarter valued at about $1,435,000. Anson Funds Management LP purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at $645,000. Legacy Investment Solutions LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at $355,000. Finally, Northeast Financial Consultants Inc grew its position in shares of Costco Wholesale by 1.7% in the 3rd quarter. Northeast Financial Consultants Inc now owns 1,354 shares of the retailer’s stock valued at $1,200,000 after buying an additional 22 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on COST. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective on the stock. TD Cowen raised their price objective on shares of Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Loop Capital raised their price objective on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Roth Mkm raised their price objective on shares of Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Finally, Jefferies Financial Group raised their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $928.50.

Costco Wholesale Trading Down 0.5 %

Shares of COST stock opened at $987.86 on Tuesday. The firm’s 50 day moving average price is $917.82 and its two-hundred day moving average price is $880.63. Costco Wholesale Co. has a fifty-two week low of $618.76 and a fifty-two week high of $997.71. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The stock has a market cap of $437.69 billion, a price-to-earnings ratio of 59.62, a price-to-earnings-growth ratio of 6.05 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $79.91 billion. During the same period in the previous year, the company posted $4.86 earnings per share. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts anticipate that Costco Wholesale Co. will post 17.74 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. Costco Wholesale’s payout ratio is currently 28.00%.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the sale, the executive vice president now directly owns 10,210 shares in the company, valued at $9,155,409.10. This represents a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,016 shares of company stock valued at $9,826,115. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Profile

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.