Osborn Williams & Donohoe LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 403.7% during the 1st quarter, HoldingsChannel reports. The fund owned 7,898 shares of the retailer’s stock after purchasing an additional 6,330 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Costco Wholesale were worth $1,905,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in COST. Lenox Wealth Management Inc. lifted its holdings in shares of Costco Wholesale by 125.9% during the 4th quarter. Lenox Wealth Management Inc. now owns 122 shares of the retailer’s stock valued at $25,000 after purchasing an additional 68 shares during the last quarter. Horan Capital Advisors LLC. purchased a new stake in shares of Costco Wholesale during the 1st quarter valued at $26,000. ERTS Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at $30,000. Arbor Wealth Management LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at $33,000. Finally, PRW Wealth Management LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at $36,000. 72.22% of the stock is currently owned by institutional investors and hedge funds.
COST has been the subject of several analyst reports. Zacks Investment Research upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $243.00 price objective for the company in a report on Monday, March 11th. Bank of America set a $255.00 price objective on Costco Wholesale and gave the company a “buy” rating in a report on Friday, March 8th. BidaskClub lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Friday, January 25th. UBS Group increased their price objective on Costco Wholesale to $280.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Finally, Loop Capital increased their price objective on Costco Wholesale from $260.00 to $265.00 and gave the company a “buy” rating in a report on Monday, April 1st. Eight equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $249.90.
Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, March 7th. The retailer reported $2.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.34. The company had revenue of $35.40 billion during the quarter. Costco Wholesale had a return on equity of 25.53% and a net margin of 2.34%. During the same quarter last year, the business earned $1.59 EPS. Analysts forecast that Costco Wholesale Co. will post 7.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.65 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.57. This represents a $2.60 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, May 9th. Costco Wholesale’s dividend payout ratio (DPR) is currently 38.07%.
Costco Wholesale announced that its Board of Directors has authorized a stock repurchase program on Friday, April 26th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the retailer to repurchase up to 3.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
In other Costco Wholesale news, Director Susan L. Decker sold 2,049 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $232.00, for a total transaction of $475,368.00. Following the sale, the director now directly owns 48,589 shares of the company’s stock, valued at approximately $11,272,648. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Meisenbach purchased 3,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were bought at an average cost of $242.65 per share, for a total transaction of $727,950.00. Following the completion of the transaction, the director now directly owns 12,833 shares in the company, valued at approximately $3,113,927.45. The disclosure for this purchase can be found here. Insiders have sold a total of 8,587 shares of company stock worth $2,004,576 over the last ninety days. 0.21% of the stock is owned by insiders.
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.
Recommended Story: Diversification For Individual Investors
Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.