Cambridge Investment Research Advisors has a $50.09 million equity position in Costco Wholesale (NASDAQ:COST).

Financial Advisors


Cambridge Investment Research Advisors increased its position at Costco Wholesale (NASDAQ:COST – Get Rating) by 1.5% in the fourth quarter, according to the latest Form 13F filed with the Securities and Exchange Commission. The fund owned his 109,735 shares of the retailer’s stock after purchasing an additional 1,597 shares during the quarter. Cambridge Investment Research Advisors’ holdings in Costco Wholesale were valued at $50,094,000 as of the latest filing with the Securities and Exchange Commission.

Many other institutional investors and hedge funds are also changing their COST holdings. River Street Advisors LLC earned a new position at Costco Wholesale in the fourth quarter worth $897,000. Gerber Kawasaki Wealth & Investment Management upped his Costco Wholesale stake by 3.3% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,595 shares of the retailer worth $1,184,000 after purchasing an additional 84 shares during the previous quarter. Bancreek Capital Management LP raised its stake in Costco Wholesale by 12.0% in the fourth quarter. Bancreek Capital Management LP owns 8,801 shares of the retailer worth $4,018,000 after purchasing an additional 943 shares during the previous quarter. Russell Investments Group Ltd. increased its stake in Costco Wholesale by 13.3% in the fourth quarter. Russell Investments Group Ltd. now owns 353,949 shares of the retailer worth $161,579,000 after purchasing an additional 41,631 shares during the previous quarter. Finally, Empirical Financial Services LLC dba Empirical Wealth Management increased its Costco Wholesale shares by 1.0% in the fourth quarter. Empirical Financial Services LLC dba Empirical Wealth Management owns 16,200 shares of retailer stock valued at $7,395,000 after purchasing an additional 160 shares during the previous quarter. Currently 66.03% of the shares are owned by institutional investors and hedge funds.

Costco wholesale deals up 1.0%

NASDAQ:COST shares climbed $4.89 in intraday trading on Friday to reach $495.23. The stock traded at 784,553 shares, with an average turnover of 1,896,062 shares for him. The company has a market capitalization of $219.62 billion, a PE ratio of 36.03, a P/E ratio of 3.67 and a beta of 0.79. The company has a 50-day simple moving average of $490.89 and a 200-day simple moving average of $491.91. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt to equity ratio of 0.29. Costco Wholesale Co. has a 12-month low of $406.51 and a 12-month high of $564.75.

Costco Wholesale (NASDAQ:COST – Get Rating) last reported earnings on Thursday, March 2. Retailers reported EPS of $3.30 for the quarter, $0.10 above consensus expectations of $3.20. The company’s revenue for the quarter was $55.27 billion, compared to consensus expectations of $55.61 billion. Costco Wholesale had a net profit margin of 2.58% and a return on equity of 28.66%. Business quarterly revenue increased 6.5% year-over-year. For the same period last year, the company posted his EPS of $2.92. On average, research analysts expect Costco Wholesale Company to post 14.43 EPS for the current financial year.

Costco Wholesale increases dividend

The company also recently announced a quarterly dividend payable on Friday, May 19th. Dividends of $1.02 per share will be paid to shareholders of record on Friday, May 5. This is up from Costco Wholesale’s previous quarterly dividend of $0.90. That represents his dividend of $4.08 and a dividend yield of 0.82% on an annualized basis. The ex-dividend date is Thursday, May 4. Costco Wholesale’s Dividend Payout Ratio (DPR) is currently 26.45%.

Insider Trading at Costco Wholesale

In other news, EVP Russell D. Miller sold 1,500 shares of the company’s stock in a transaction that took place on Tuesday, March 7th. The shares sold for an average of $488.95, and the total transaction value he had was $733,425.00. Following the closing of the transaction, the Executive Vice President now directly owns 10,093 shares of the Company’s stock valued at approximately $4,934,972.35. The sale is disclosed in documents filed with the Securities and Exchange Commission, available at this hyperlink. In related news, EVP’s Caton Frates sold 600 shares of the company’s stock on his Tuesday, April 11th. The shares were sold at an average price of $497.35 for a total of $298,410.00. Following the closing of the transaction, the Executive Vice President now directly owns 4,320 shares of the Company’s stock valued at $2,148,552. The transaction was disclosed in documents filed with the Securities and Exchange Commission, which are available at this link. EVP Russell D. Miller also sold 1,500 shares of his wholesale shares of Costco in a deal on Tuesday, March 7. The shares sold at an average price of $488.95 for a total transaction value of $733,425.00. Following the transaction, the Executive Vice President now directly owns 10,093 shares of the Company stock valued at $4,934,972.35. Please see here for the disclosure of this sale. The insider said that in the past 90 days he has sold 4,168 shares of company stock worth $2,031,341. His 0.22% of shares are now owned by corporate insiders.

Analyst Rating Change

COST has been the subject of many recent research reports. StockNews.com upgraded Costco Wholesale’s stock from a ‘hold’ rating to a ‘buy’ rating in a research note on Friday, March 10. Loop Capital raised its price target for Costco Wholesale to $575.00 from $545.00 in a research note on Thursday, February 2nd. Roth Capital restated its ‘Neutral’ rating on Costco Wholesale shares in a research note on Friday, March 10. Robert W. Baird lowered Costco Wholesale’s stock price target from his $575.00 to his $535.00 in a research note on Friday, March 3, setting an “outperform” rating for the company. Finally, UBS Group lowered its price target for Costco Wholesale from $600.00 to $575.00 in its Friday, March 3 research note. Five equity research analysts rated the stock with a hold rating and 18 issued a buy rating on the company’s stock. According to MarketBeat, the stock currently has an average rating of “moderate buy” and a consensus price target of $549.52.

Costco Wholesale Company Profile

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Costco Wholesale Corporation operates a membership warehouse through a wholly owned subsidiary. It operates through geographic segments: United States, Canada, and Rest of the World. The company was founded by James D. Sinegal and Jeffrey H. Brotman in his 1983 and is headquartered in Issaquah, Washington.

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Costco Wholesale (NASDAQ:COST) Quarterly Institutional Owners

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