Armstrong Henry H Associates Inc. raised its holdings in Costco Wholesale Co. (NASDAQ:COST) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,662 shares of the retailer’s stock after acquiring an additional 86 shares during the quarter. Armstrong Henry H Associates Inc.’s holdings in Costco Wholesale were worth $590,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vigilant Capital Management LLC boosted its stake in Costco Wholesale by 3.8% in the third quarter. Vigilant Capital Management LLC now owns 742 shares of the retailer’s stock valued at $263,000 after acquiring an additional 27 shares during the last quarter. Integer Wealth Advisors Group LLC boosted its position in shares of Costco Wholesale by 2.3% during the third quarter. Integer Wealth Advisors Group LLC now owns 1,217 shares of the retailer’s stock worth $432,000 after purchasing an additional 27 shares in the last quarter. Harbour Capital Advisors LLC boosted its position in shares of Costco Wholesale by 0.3% during the third quarter. Harbour Capital Advisors LLC now owns 8,606 shares of the retailer’s stock worth $3,055,000 after purchasing an additional 28 shares in the last quarter. Good Life Advisors LLC boosted its position in shares of Costco Wholesale by 2.4% during the third quarter. Good Life Advisors LLC now owns 1,270 shares of the retailer’s stock worth $450,000 after purchasing an additional 30 shares in the last quarter. Finally, Watson Rebecca boosted its position in shares of Costco Wholesale by 3.6% during the third quarter. Watson Rebecca now owns 862 shares of the retailer’s stock worth $306,000 after purchasing an additional 30 shares in the last quarter. 68.20% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the stock. Telsey Advisory Group lifted their price target on shares of Costco Wholesale from $385.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, September 25th. Morgan Stanley lifted their price target on shares of Costco Wholesale from $330.00 to $360.00 and gave the stock an “overweight” rating in a research report on Friday, September 25th. JPMorgan Chase & Co. lifted their price target on shares of Costco Wholesale from $365.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Wells Fargo & Company reissued a “hold” rating on shares of Costco Wholesale in a research report on Friday, July 24th. Finally, Cowen raised their price objective on shares of Costco Wholesale from $370.00 to $410.00 in a report on Wednesday, September 2nd. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $368.54.

Shares of COST traded up $2.58 during midday trading on Tuesday, reaching $373.29. The stock had a trading volume of 94,226 shares, compared to its average volume of 2,066,548. The firm has a 50 day simple moving average of $356.75 and a 200-day simple moving average of $327.01. Costco Wholesale Co. has a one year low of $271.28 and a one year high of $384.87. The firm has a market cap of $165.28 billion, a PE ratio of 41.10, a P/E/G ratio of 4.60 and a beta of 0.69. The company has a current ratio of 1.13, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 24th. The retailer reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.28. Costco Wholesale had a net margin of 2.40% and a return on equity of 22.71%. The company had revenue of $52.28 billion during the quarter, compared to the consensus estimate of $52.03 billion. During the same quarter last year, the firm posted $2.69 EPS. The company’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, research analysts forecast that Costco Wholesale Co. will post 9.6 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, October 29th. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.64%.

In related news, Director Kenneth D. Denman sold 300 shares of Costco Wholesale stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $355.69, for a total transaction of $106,707.00. Following the completion of the sale, the director now owns 4,433 shares of the company’s stock, valued at approximately $1,576,773.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard A. Galanti sold 1,754 shares of Costco Wholesale stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $605,130.00. Following the sale, the chief financial officer now directly owns 18,983 shares of the company’s stock, valued at approximately $6,549,135. The disclosure for this sale can be found here. In the last three months, insiders sold 15,804 shares of company stock valued at $5,460,267. Insiders own 0.22% of the company’s stock.

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

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