Pekin Singer Strauss Asset Management IL bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the third quarter, Holdings Channel reports. The institutional investor bought 930 shares of the retailer’s stock, valued at approximately $218,000.

Several other institutional investors have also recently added to or reduced their stakes in COST. MUFG Securities EMEA plc acquired a new position in Costco Wholesale in the second quarter valued at approximately $103,000. Parkside Investments LLC acquired a new position in Costco Wholesale in the third quarter valued at approximately $105,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Costco Wholesale in the second quarter valued at approximately $119,000. Capital Advisors Ltd. LLC lifted its holdings in 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 acquiring an additional 360 shares during the period. Finally, Legacy Advisors LLC lifted its holdings in 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 acquiring an additional 500 shares during the period. 71.65% of the stock is owned by hedge funds and other institutional investors.

Shares of COST stock opened at $237.74 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.46. The company has a market cap of $105.33 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91. Costco Wholesale Co. has a 1-year low of $167.05 and a 1-year high of $245.16.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, October 4th. The retailer reported $2.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.34 by $0.02. The business had revenue of $44.41 billion during the quarter, compared to the consensus estimate of $44.17 billion. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.21%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.08 EPS. On average, sell-side analysts forecast that Costco Wholesale Co. will post 7.7 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Friday, November 9th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 8th. Costco Wholesale’s payout ratio is 33.38%.

In related news, Director Richard M. Libenson sold 2,049 shares of the business’s stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $224.00, for a total transaction of $458,976.00. Following the completion of the sale, the director now directly owns 3,049 shares in the company, valued at $682,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider W Craig Jelinek sold 22,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $223.52, for a total value of $5,029,200.00. Following the sale, the insider now owns 322,958 shares of the company’s stock, valued at $72,187,572.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,312 shares of company stock valued at $14,547,272. Corporate insiders own 0.74% of the company’s stock.

COST has been the subject of a number of analyst reports. BidaskClub raised Costco Wholesale from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 22nd. Stifel Nicolaus boosted their price target on Costco Wholesale from $220.00 to $245.00 and gave the company a “buy” rating in a report on Friday, September 7th. Zacks Investment Research downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Loop Capital set a $265.00 price target on Costco Wholesale and gave the company a “buy” rating in a report on Thursday, September 6th. Finally, Oppenheimer boosted their price target on Costco Wholesale from $210.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, August 21st. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $237.94.

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

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