Wilbanks Smith & Thomas Asset Management LLC Boosts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Wilbanks Smith & Thomas Asset Management LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,356 shares of the retailer’s stock after purchasing an additional 37 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Costco Wholesale were worth $3,041,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of COST. RB Capital Management LLC raised its holdings in Costco Wholesale by 2.0% in the third quarter. RB Capital Management LLC now owns 16,567 shares of the retailer’s stock valued at $7,444,000 after buying an additional 325 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in shares of Costco Wholesale by 148.8% during the third quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 4,230 shares of the retailer’s stock valued at $1,901,000 after purchasing an additional 2,530 shares during the period. Close Asset Management Ltd purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $164,500,000. Poplar Forest Capital LLC raised its stake in shares of Costco Wholesale by 5.2% during the fourth quarter. Poplar Forest Capital LLC now owns 526 shares of the retailer’s stock valued at $299,000 after purchasing an additional 26 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its stake in shares of Costco Wholesale by 132.4% during the third quarter. Worldquant Millennium Advisors LLC now owns 6,058 shares of the retailer’s stock valued at $2,722,000 after purchasing an additional 3,451 shares during the period. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

In other Costco Wholesale news, insider Daniel M. Hines sold 4,498 shares of Costco Wholesale stock in a transaction on Friday, April 8th. The shares were sold at an average price of $603.00, for a total transaction of $2,712,294.00. Following the completion of the transaction, the insider now directly owns 13,108 shares of the company’s stock, valued at $7,904,124. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Timothy L. Rose sold 4,000 shares of the business’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $566.29, for a total transaction of $2,265,160.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,248 shares of company stock valued at $5,417,137. Company insiders own 0.22% of the company’s stock.

COST traded down $30.28 during trading on Friday, reaching $531.72. 2,964,590 shares of the stock were exchanged, compared to its average volume of 2,404,927. The stock has a market cap of $235.67 billion, a P/E ratio of 42.85, a price-to-earnings-growth ratio of 4.68 and a beta of 0.68. Costco Wholesale Co. has a twelve month low of $371.11 and a twelve month high of $612.27. The stock’s 50 day moving average price is $556.33 and its two-hundred day moving average price is $531.76. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.51 and a current ratio of 1.03.

Costco Wholesale (NASDAQ:COSTGet Rating) last issued its earnings results on Thursday, March 3rd. The retailer reported $2.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.18. The business had revenue of $51.90 billion for the quarter, compared to the consensus estimate of $51.51 billion. Costco Wholesale had a net margin of 2.62% and a return on equity of 30.10%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.14 earnings per share. Equities research analysts predict that Costco Wholesale Co. will post 13.03 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 13th. Shareholders of record on Friday, April 29th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 0.68%. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.79. The ex-dividend date is Thursday, April 28th. Costco Wholesale’s payout ratio is 25.46%.

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Costco Wholesale from $550.00 to $555.00 in a research note on Thursday, January 6th. Tigress Financial lifted their target price on shares of Costco Wholesale from $520.00 to $678.00 in a research note on Thursday, April 14th. Loop Capital lifted their target price on shares of Costco Wholesale from $605.00 to $645.00 and gave the company a “buy” rating in a research note on Thursday, April 7th. StockNews.com assumed coverage on shares of Costco Wholesale in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Raymond James lifted their target price on shares of Costco Wholesale from $565.00 to $645.00 and gave the company an “outperform” rating in a research note on Tuesday, April 19th. Six research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $576.43.

Costco Wholesale Company Profile (Get Rating)

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

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

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