Borer Denton & Associates Inc. Acquires 201 Shares of Costco Wholesale Co. (NASDAQ:COST)

Borer Denton & Associates Inc. grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 23,466 shares of the retailer’s stock after buying an additional 201 shares during the quarter. Costco Wholesale makes up 7.1% of Borer Denton & Associates Inc.’s holdings, making the stock its 3rd biggest holding. Borer Denton & Associates Inc.’s holdings in Costco Wholesale were worth $20,803,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC lifted its position in Costco Wholesale by 97.9% during the third quarter. Larson Financial Group LLC now owns 8,595 shares of the retailer’s stock worth $7,619,000 after buying an additional 4,252 shares in the last quarter. Baltimore Washington Financial Advisors Inc. grew its holdings in Costco Wholesale by 2.0% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 39,973 shares of the retailer’s stock valued at $35,437,000 after buying an additional 769 shares in the last quarter. Truepoint Inc. acquired a new stake in shares of Costco Wholesale in the 3rd quarter worth $465,000. KKM Financial LLC raised its holdings in shares of Costco Wholesale by 5.7% during the 3rd quarter. KKM Financial LLC now owns 3,888 shares of the retailer’s stock worth $3,447,000 after acquiring an additional 210 shares during the period. Finally, Algert Global LLC boosted its position in shares of Costco Wholesale by 1,760.3% during the 3rd quarter. Algert Global LLC now owns 7,460 shares of the retailer’s stock valued at $6,613,000 after acquiring an additional 7,059 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

COST stock opened at $964.01 on Friday. The business’s 50-day moving average is $901.18 and its two-hundred day moving average is $865.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The firm has a market capitalization of $427.12 billion, a P/E ratio of 58.18, a P/E/G ratio of 5.90 and a beta of 0.80. Costco Wholesale Co. has a 1 year low of $582.83 and a 1 year high of $976.30.

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

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Russell D. Miller sold 4,400 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the sale, the executive vice president now owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.30. This trade represents a 30.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the transaction, the executive vice president now owns 10,210 shares in the company, valued at $9,155,409.10. This represents a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,016 shares of company stock worth $9,826,115 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on COST shares. Evercore ISI raised their price objective on shares of Costco Wholesale from $985.00 to $990.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. The Goldman Sachs Group raised their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays upped their price objective on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. BMO Capital Markets raised their target price on Costco Wholesale from $980.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, TD Cowen upped their price target on Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $908.81.

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.