Johanson Financial Advisors Inc. Boosts Holdings in Costco Wholesale Co. (COST)

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Johanson Financial Advisors Inc. boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,273 shares of the retailer’s stock after buying an additional 235 shares during the period. Johanson Financial Advisors Inc.’s holdings in Costco Wholesale were worth $533,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of COST. MUFG Securities EMEA plc purchased a new stake in shares of Costco Wholesale in the second quarter valued at approximately $103,000. Parkside Investments LLC purchased a new stake in shares of Costco Wholesale in the third quarter valued at approximately $105,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Costco Wholesale in the second quarter valued at approximately $119,000. Capital Advisors Ltd. LLC grew its position in shares of Costco Wholesale by 180.0% in the third quarter. Capital Advisors Ltd. LLC now owns 560 shares of the retailer’s stock valued at $132,000 after purchasing an additional 360 shares in the last quarter. Finally, Legacy Advisors LLC grew its position in shares of Costco Wholesale by 632.9% in the third quarter. Legacy Advisors LLC now owns 579 shares of the retailer’s stock valued at $136,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 71.61% of the company’s stock.

NASDAQ:COST opened at $229.94 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.46 and a current ratio of 1.02. Costco Wholesale Co. has a 52 week low of $169.16 and a 52 week high of $245.16. The firm has a market cap of $102.60 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 2.98 and a beta of 0.91.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, October 4th. The retailer reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.02. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.21%. The company had revenue of $44.41 billion for the quarter, compared to analysts’ expectations of $44.17 billion. During the same period in the prior year, the firm earned $2.08 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, analysts anticipate that Costco Wholesale Co. will post 7.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Friday, November 9th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Thursday, November 8th. Costco Wholesale’s dividend payout ratio (DPR) is 33.38%.

In other Costco Wholesale news, insider W Craig Jelinek sold 22,500 shares of the company’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $223.52, for a total transaction of $5,029,200.00. Following the transaction, the insider now directly owns 322,958 shares in the company, valued at $72,187,572.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $235.81, for a total value of $707,430.00. Following the transaction, the director now owns 8,654 shares in the company, valued at $2,040,699.74. The disclosure for this sale can be found here. Insiders have sold 64,312 shares of company stock worth $14,547,272 over the last 90 days. 0.74% of the stock is owned by insiders.

A number of equities research analysts have recently issued reports on COST shares. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating in a research report on Wednesday, July 25th. Loop Capital set a $265.00 price objective on Costco Wholesale and gave the stock a “buy” rating in a research report on Thursday, September 6th. Citigroup increased their price objective on Costco Wholesale from $222.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 23rd. BidaskClub lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 19th. Finally, Cowen reiterated a “buy” rating and issued a $240.00 price objective on shares of Costco Wholesale in a research report on Friday, August 10th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $237.94.

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About Costco Wholesale

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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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:COST).

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

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