Honkamp Krueger Financial Services Inc. boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,996 shares of the retailer’s stock after acquiring an additional 395 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Costco Wholesale were worth $985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Delta Asset Management LLC TN increased its holdings in shares of Costco Wholesale by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after purchasing an additional 65 shares during the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of Costco Wholesale in the second quarter valued at $101,000. Northwest Investment Counselors LLC acquired a new position in shares of Costco Wholesale in the second quarter valued at $107,000. Mercer Capital Advisers Inc. increased its holdings in shares of Costco Wholesale by 3.5% in the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after purchasing an additional 23 shares during the last quarter. Finally, Ledyard National Bank increased its holdings in shares of Costco Wholesale by 19.1% in the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after purchasing an additional 130 shares during the last quarter. 71.49% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on the stock. Robert W. Baird reiterated a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale in a report on Thursday, August 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $173.00 price objective on shares of Costco Wholesale in a report on Monday, October 9th. Vetr downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $171.07 price objective on the stock. in a report on Monday, November 6th. J P Morgan Chase & Co reiterated a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale in a report on Monday, December 4th. Finally, Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have issued a buy rating to the stock. Costco Wholesale has a consensus rating of “Buy” and a consensus target price of $179.50.

Shares of Costco Wholesale Co. (COST) opened at $188.28 on Thursday. The stock has a market cap of $82,280.00, a PE ratio of 32.45, a price-to-earnings-growth ratio of 3.06 and a beta of 0.98. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.99. Costco Wholesale Co. has a one year low of $150.00 and a one year high of $191.22.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.06. The firm had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 earnings per share. equities analysts predict that Costco Wholesale Co. will post 6.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. Costco Wholesale’s payout ratio is 32.95%.

In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $183.26, for a total transaction of $549,780.00. Following the sale, the director now directly owns 8,654 shares in the company, valued at $1,585,932.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $164.92, for a total transaction of $164,920.00. Following the completion of the transaction, the director now directly owns 6,974 shares of the company’s stock, valued at approximately $1,150,152.08. The disclosure for this sale can be found here. Insiders have sold 32,842 shares of company stock worth $5,520,848 over the last quarter. Corporate insiders own 0.74% of the company’s stock.

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About Costco Wholesale

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

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

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