Costco Wholesale Corporation $COST Shares Acquired by Callan Family Office LLC

Callan Family Office LLC increased its stake in Costco Wholesale Corporation (NASDAQ:COST) by 470.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 21,594 shares of the retailer’s stock after buying an additional 17,810 shares during the period. Costco Wholesale accounts for approximately 0.7% of Callan Family Office LLC’s portfolio, making the stock its 22nd largest position. Callan Family Office LLC’s holdings in Costco Wholesale were worth $21,377,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of COST. Vanguard Group Inc. raised its holdings in Costco Wholesale by 1.0% in the first quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after buying an additional 443,101 shares during the period. Alliancebernstein L.P. raised its holdings in Costco Wholesale by 0.4% in the first quarter. Alliancebernstein L.P. now owns 4,332,009 shares of the retailer’s stock valued at $4,097,127,000 after buying an additional 18,045 shares during the period. Invesco Ltd. raised its holdings in Costco Wholesale by 5.2% in the first quarter. Invesco Ltd. now owns 3,907,670 shares of the retailer’s stock valued at $3,695,796,000 after buying an additional 191,985 shares during the period. Nuveen LLC purchased a new position in Costco Wholesale in the first quarter valued at approximately $3,461,159,000. Finally, Jennison Associates LLC raised its holdings in Costco Wholesale by 3.9% in the first quarter. Jennison Associates LLC now owns 3,357,630 shares of the retailer’s stock valued at $3,175,579,000 after buying an additional 125,441 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 3.1%

Shares of NASDAQ:COST opened at $942.89 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $952.50 and a 200 day simple moving average of $971.48. The firm has a market cap of $418.15 billion, a PE ratio of 51.78, a price-to-earnings-growth ratio of 5.55 and a beta of 0.98. Costco Wholesale Corporation has a 12-month low of $867.34 and a 12-month high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The business had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.15 earnings per share. On average, equities research analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s payout ratio is 28.56%.

Insider Buying and Selling

In related news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the sale, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction on Monday, July 14th. The stock was sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. This trade represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,981 shares of company stock worth $7,588,685. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on COST shares. Oppenheimer restated an “outperform” rating and issued a $1,130.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. The Goldman Sachs Group raised their price target on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a report on Friday, September 26th. Sanford C. Bernstein lifted their price objective on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. Roth Capital set a $907.00 price objective on shares of Costco Wholesale and gave the company a “neutral” rating in a research note on Friday, September 26th. Finally, Mizuho dropped their price objective on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a research note on Thursday. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,066.23.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.