Tower Bridge Advisors grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,153 shares of the retailer’s stock after acquiring an additional 80 shares during the quarter. Tower Bridge Advisors’ holdings in Costco Wholesale were worth $1,974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mogy Joel R Investment Counsel Inc. increased its holdings in shares of Costco Wholesale by 1.1% during the first quarter. Mogy Joel R Investment Counsel Inc. now owns 109,823 shares of the retailer’s stock valued at $26,593,000 after acquiring an additional 1,155 shares in the last quarter. Nichols & Pratt Advisers LLP MA increased its holdings in shares of Costco Wholesale by 0.9% during the first quarter. Nichols & Pratt Advisers LLP MA now owns 5,018 shares of the retailer’s stock valued at $1,215,000 after acquiring an additional 44 shares in the last quarter. Osborn Williams & Donohoe LLC increased its holdings in shares of Costco Wholesale by 403.7% during the first quarter. Osborn Williams & Donohoe LLC now owns 7,898 shares of the retailer’s stock valued at $1,905,000 after acquiring an additional 6,330 shares in the last quarter. Spinnaker Trust increased its holdings in shares of Costco Wholesale by 97.9% during the first quarter. Spinnaker Trust now owns 3,010 shares of the retailer’s stock valued at $728,000 after acquiring an additional 1,489 shares in the last quarter. Finally, Harrington Investments INC increased its holdings in shares of Costco Wholesale by 1.8% during the first quarter. Harrington Investments INC now owns 6,928 shares of the retailer’s stock valued at $1,678,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 71.32% of the company’s stock.

COST has been the subject of several recent research reports. Raymond James boosted their price objective on Costco Wholesale from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, March 8th. Nomura boosted their price objective on Costco Wholesale from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Telsey Advisory Group restated an “outperform” rating on shares of Costco Wholesale in a report on Thursday, January 24th. Citigroup boosted their price objective on Costco Wholesale from $242.00 to $243.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Finally, Morgan Stanley set a $220.00 price objective on Costco Wholesale and gave the company a “hold” rating in a report on Friday, March 8th. Eight equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $249.90.

NASDAQ:COST traded down $0.42 during trading on Thursday, reaching $249.51. The company’s stock had a trading volume of 1,242,279 shares, compared to its average volume of 1,526,874. The company has a market capitalization of $109.94 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 3.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.46. Costco Wholesale Co. has a 12 month low of $189.51 and a 12 month high of $251.01.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, March 7th. The retailer reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.34. The firm had revenue of $35.40 billion during the quarter. Costco Wholesale had a return on equity of 25.53% and a net margin of 2.34%. During the same quarter last year, the company earned $1.59 EPS. Sell-side analysts anticipate that Costco Wholesale Co. will post 7.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.57. Costco Wholesale’s dividend payout ratio is 38.07%.

Costco Wholesale announced that its Board of Directors has initiated a share repurchase program on Friday, April 26th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the retailer to buy up to 3.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

In related news, Director John W. Meisenbach acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were acquired at an average price of $242.65 per share, with a total value of $727,950.00. Following the acquisition, the director now owns 12,833 shares of the company’s stock, valued at approximately $3,113,927.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan L. Decker sold 2,049 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $232.00, for a total value of $475,368.00. Following the sale, the director now directly owns 48,589 shares in the company, valued at approximately $11,272,648. The disclosure for this sale can be found here. Insiders sold a total of 8,587 shares of company stock valued at $2,004,576 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

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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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