First Dallas Securities Inc. Has $1.16 Million Position in Costco Wholesale Co. (COST)

First Dallas Securities Inc. increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,080 shares of the retailer’s stock after purchasing an additional 700 shares during the quarter. First Dallas Securities Inc.’s holdings in Costco Wholesale were worth $1,163,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Jacobus Wealth Management Inc. acquired a new position in shares of Costco Wholesale during the 3rd quarter worth about $103,000. Almanack Investment Partners LLC. acquired a new position in shares of Costco Wholesale during the 2nd quarter worth about $101,000. Northwest Investment Counselors LLC acquired a new position in shares of Costco Wholesale during the 2nd quarter worth about $107,000. Mercer Capital Advisers Inc. boosted its position in shares of Costco Wholesale by 3.5% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after acquiring an additional 23 shares in the last quarter. Finally, Smithfield Trust Co. boosted its position in shares of Costco Wholesale by 150.2% during the 3rd quarter. Smithfield Trust Co. now owns 808 shares of the retailer’s stock worth $133,000 after acquiring an additional 485 shares in the last quarter. 70.87% of the stock is owned by hedge funds and other institutional investors.

Shares of Costco Wholesale Co. (NASDAQ:COST) opened at $189.10 on Friday. The stock has a market capitalization of $83,684.80, a PE ratio of 30.06, a P/E/G ratio of 3.19 and a beta of 0.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year high of $195.35.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. The firm had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 EPS. research analysts anticipate that Costco Wholesale Co. will post 6.56 earnings per share for the current year.

Several research analysts have recently issued reports on COST shares. TheStreet raised Costco Wholesale from a “c” rating to a “b” rating in a research report on Monday, October 9th. Oppenheimer set a $185.00 price objective on Costco Wholesale and gave the stock a “buy” rating in a research report on Friday, October 6th. Robert W. Baird set a $200.00 price objective on Costco Wholesale and gave the stock a “buy” rating in a research report on Wednesday, October 4th. Vetr cut Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 price objective for the company. in a research report on Wednesday, September 27th. Finally, Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Tuesday, September 19th. Ten analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $187.83.

In other Costco Wholesale news, VP Richard A. Galanti sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $160.58, for a total transaction of $802,900.00. Following the completion of the sale, the vice president now directly owns 41,396 shares of the company’s stock, valued at approximately $6,647,369.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard M. Libenson sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $193.03, for a total value of $3,860,600.00. Following the sale, the director now directly owns 3,919 shares of the company’s stock, valued at $756,484.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,842 shares of company stock valued at $10,744,218. 0.74% of the stock is owned by company insiders.

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Costco Wholesale Profile

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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