800 Shares in Costco Wholesale Co. (NASDAQ:COST) Purchased by Tfo Tdc LLC

Tfo Tdc LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 800 shares of the retailer’s stock, valued at approximately $235,000. Costco Wholesale accounts for 0.2% of Tfo Tdc LLC’s holdings, making the stock its 27th largest position.

A number of other institutional investors have also bought and sold shares of the stock. DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of Costco Wholesale by 27.3% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 4,539 shares of the retailer’s stock valued at $1,308,000 after buying an additional 974 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Costco Wholesale by 7.8% in the third quarter. Parallel Advisors LLC now owns 15,788 shares of the retailer’s stock valued at $4,549,000 after buying an additional 1,140 shares in the last quarter. BBVA USA Bancshares Inc. raised its position in shares of Costco Wholesale by 55.9% in the third quarter. BBVA USA Bancshares Inc. now owns 19,013 shares of the retailer’s stock valued at $5,478,000 after buying an additional 6,818 shares in the last quarter. HWG Holdings LP raised its position in shares of Costco Wholesale by 17.4% in the third quarter. HWG Holdings LP now owns 2,296 shares of the retailer’s stock valued at $662,000 after buying an additional 340 shares in the last quarter. Finally, Man Group plc raised its position in shares of Costco Wholesale by 23.0% in the third quarter. Man Group plc now owns 63,948 shares of the retailer’s stock valued at $18,424,000 after buying an additional 11,941 shares in the last quarter. Institutional investors and hedge funds own 70.01% of the company’s stock.

Costco Wholesale stock opened at $307.99 on Monday. Costco Wholesale Co. has a twelve month low of $205.75 and a twelve month high of $314.28. The firm has a 50 day moving average price of $297.06 and a 200-day moving average price of $291.30. The company has a market capitalization of $137.17 billion, a P/E ratio of 36.53, a P/E/G ratio of 4.45 and a beta of 0.89. The company has a quick ratio of 0.49, a current ratio of 1.01 and a debt-to-equity ratio of 0.47.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, December 12th. The retailer reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.02. Costco Wholesale had a net margin of 2.42% and a return on equity of 24.22%. The business had revenue of $37.04 billion for the quarter, compared to analysts’ expectations of $37.40 billion. During the same period in the prior year, the company posted $1.61 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts expect that Costco Wholesale Co. will post 8.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, February 6th. Costco Wholesale’s dividend payout ratio is currently 31.75%.

In related news, Director Richard M. Libenson sold 1,703 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $298.25, for a total transaction of $507,919.75. Following the transaction, the director now owns 2,247 shares of the company’s stock, valued at approximately $670,167.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Paul G. Moulton sold 3,978 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $303.05, for a total transaction of $1,205,532.90. Following the transaction, the vice president now directly owns 29,565 shares in the company, valued at approximately $8,959,673.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,313 shares of company stock worth $9,099,357. 0.22% of the stock is owned by insiders.

A number of brokerages recently issued reports on COST. Deutsche Bank reissued a “hold” rating and issued a $288.00 price objective (up from $286.00) on shares of Costco Wholesale in a research note on Friday, December 13th. BMO Capital Markets reissued a “buy” rating and issued a $320.00 price objective on shares of Costco Wholesale in a research note on Friday, December 13th. Guggenheim reissued a “hold” rating on shares of Costco Wholesale in a research note on Thursday, October 10th. Oppenheimer raised shares of Costco Wholesale from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $300.00 to $335.00 in a research note on Tuesday, January 21st. They noted that the move was a valuation call. Finally, Telsey Advisory Group lifted their price objective on shares of Costco Wholesale from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $302.05.

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

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