Cross Staff Investments Inc Has $1.72 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Cross Staff Investments Inc raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,935 shares of the retailer’s stock after purchasing an additional 85 shares during the quarter. Costco Wholesale comprises about 1.3% of Cross Staff Investments Inc’s investment portfolio, making the stock its 19th largest position. Cross Staff Investments Inc’s holdings in Costco Wholesale were worth $1,715,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Register Financial Advisors LLC acquired a new position in shares of Costco Wholesale in the 1st quarter valued at approximately $89,000. Griffin Asset Management Inc. grew its position in shares of Costco Wholesale by 3.7% in the 1st quarter. Griffin Asset Management Inc. now owns 8,697 shares of the retailer’s stock valued at $6,372,000 after purchasing an additional 308 shares during the period. Investment Research & Advisory Group Inc. grew its position in shares of Costco Wholesale by 0.3% in the 1st quarter. Investment Research & Advisory Group Inc. now owns 4,472 shares of the retailer’s stock valued at $3,276,000 after purchasing an additional 14 shares during the period. Vicus Capital grew its position in shares of Costco Wholesale by 42.7% in the 1st quarter. Vicus Capital now owns 471 shares of the retailer’s stock valued at $345,000 after purchasing an additional 141 shares during the period. Finally, Winthrop Advisory Group LLC grew its position in shares of Costco Wholesale by 4.8% in the 1st quarter. Winthrop Advisory Group LLC now owns 749 shares of the retailer’s stock valued at $549,000 after purchasing an additional 34 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on COST. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 10th. DA Davidson restated a “neutral” rating and issued a $880.00 target price on shares of Costco Wholesale in a research note on Thursday, October 10th. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. The Goldman Sachs Group boosted their target price on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Oppenheimer boosted their target price on Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Ten investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $894.57.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares in the company, valued at approximately $9,155,409.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,636 shares of company stock valued at $11,238,510 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Down 0.2 %

COST opened at $891.22 on Friday. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $923.83. The stock’s fifty day simple moving average is $891.35 and its 200 day simple moving average is $837.33. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The stock has a market cap of $394.87 billion, a PE ratio of 53.79, a price-to-earnings-growth ratio of 5.50 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The business had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. During the same quarter in the prior year, the business earned $4.86 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, research analysts expect that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s dividend payout ratio is 28.00%.

Costco Wholesale 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.