Honkamp Krueger Financial Services Inc. lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,385 shares of the retailer’s stock after purchasing an additional 134 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Costco Wholesale were worth $1,181,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of COST. Massey Quick Simon & CO. LLC purchased a new stake in shares of Costco Wholesale during the 2nd quarter valued at about $27,000. Horan Capital Advisors LLC. purchased a new stake in shares of Costco Wholesale in the first quarter valued at $26,000. Canton Hathaway LLC lifted its position in shares of Costco Wholesale by 41.0% in the second quarter. Canton Hathaway LLC now owns 141 shares of the retailer’s stock valued at $37,000 after acquiring an additional 41 shares in the last quarter. Next Capital Management LLC lifted its position in shares of Costco Wholesale by 2,740.0% in the second quarter. Next Capital Management LLC now owns 142 shares of the retailer’s stock valued at $38,000 after acquiring an additional 137 shares in the last quarter. Finally, Thor Advisors LLC purchased a new stake in shares of Costco Wholesale in the first quarter valued at $35,000. Institutional investors own 71.21% of the company’s stock.
A number of brokerages recently commented on COST. BidaskClub raised Costco Wholesale from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 17th. Oppenheimer lifted their price target on Costco Wholesale from $270.00 to $295.00 in a research report on Wednesday, July 10th. BMO Capital Markets set a $275.00 price objective on Costco Wholesale and gave the stock a “buy” rating in a research note on Friday, May 31st. Gordon Haskett lowered Costco Wholesale from an “accumulate” rating to a “hold” rating and set a $244.90 price objective for the company. in a research note on Wednesday, May 29th. They noted that the move was a valuation call. Finally, Citigroup reduced their price objective on Costco Wholesale from $243.00 to $241.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $266.04.
Shares of COST traded down $5.91 during trading hours on Friday, hitting $274.01. 1,514,685 shares of the company were exchanged, compared to its average volume of 1,871,144. The company has a market capitalization of $123.11 billion, a PE ratio of 40.12, a PEG ratio of 3.92 and a beta of 0.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.98 and a quick ratio of 0.48. The firm has a fifty day simple moving average of $275.79 and a 200-day simple moving average of $249.26. Costco Wholesale Co. has a one year low of $189.51 and a one year high of $284.31.
Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, May 30th. The retailer reported $1.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.06. The business had revenue of $34.74 billion during the quarter, compared to analysts’ expectations of $34.72 billion. Costco Wholesale had a return on equity of 25.03% and a net margin of 2.41%. Costco Wholesale’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.70 earnings per share. Sell-side analysts expect that Costco Wholesale Co. will post 8.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.65 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.60 annualized dividend and a dividend yield of 0.95%. Costco Wholesale’s dividend payout ratio (DPR) is presently 38.07%.
In other news, insider James C. Klauer sold 5,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $255.53, for a total value of $1,277,650.00. Following the completion of the sale, the insider now owns 48,310 shares of the company’s stock, valued at $12,344,654.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan L. Decker sold 2,790 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $254.62, for a total value of $710,389.80. Following the completion of the sale, the director now directly owns 45,405 shares of the company’s stock, valued at approximately $11,561,021.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,136 shares of company stock valued at $7,380,374. 0.21% of the stock is currently owned by insiders.
Costco Wholesale Company 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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