Oxbow Advisors LLC Takes $216,000 Position in Costco Wholesale Co. (COST)

Oxbow Advisors LLC bought a new position in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,159 shares of the retailer’s stock, valued at approximately $216,000.

Other large investors also recently bought and sold shares of the company. Private Advisory Group LLC grew its position in shares of Costco Wholesale by 9.6% during the 4th quarter. Private Advisory Group LLC now owns 17,512 shares of the retailer’s stock valued at $3,259,000 after acquiring an additional 1,538 shares during the period. Congress Asset Management Co. MA grew its position in shares of Costco Wholesale by 3.1% during the 4th quarter. Congress Asset Management Co. MA now owns 340,383 shares of the retailer’s stock valued at $63,352,000 after acquiring an additional 10,281 shares during the period. Fulcrum Capital LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at $316,000. Lee Financial Group Hawaii Inc. bought a new stake in shares of Costco Wholesale during the 4th quarter valued at $3,163,000. Finally, FineMark National Bank & Trust grew its position in shares of Costco Wholesale by 3.2% during the 4th quarter. FineMark National Bank & Trust now owns 13,821 shares of the retailer’s stock valued at $2,572,000 after acquiring an additional 428 shares during the period. 72.06% of the stock is owned by institutional investors and hedge funds.

In other news, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $193.41, for a total value of $580,230.00. Following the sale, the director now directly owns 8,654 shares in the company, valued at approximately $1,673,770.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James D. Sinegal sold 30,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $192.06, for a total transaction of $5,761,800.00. Following the completion of the sale, the director now owns 746,209 shares in the company, valued at $143,316,900.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,185 shares of company stock worth $17,408,817. Insiders own 0.74% of the company’s stock.

Shares of Costco Wholesale Co. (COST) opened at $191.56 on Friday. The company has a market cap of $84,115.14, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 3.13 and a beta of 0.99. Costco Wholesale Co. has a one year low of $150.00 and a one year high of $199.88. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping the consensus estimate of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The business had revenue of $31.81 billion for the quarter, compared to analysts’ expectations of $31.01 billion. During the same quarter in the previous year, the company earned $1.24 EPS. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. equities analysts forecast that Costco Wholesale Co. will post 6.71 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be issued a $0.50 dividend. The ex-dividend date is Thursday, February 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.04%. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.80%.

A number of research analysts recently weighed in on the stock. Argus lifted their target price on shares of Costco Wholesale to $200.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Vetr upgraded shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating and set a $200.28 target price on the stock in a research note on Monday, February 12th. BMO Capital Markets set a $223.00 target price on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Wednesday, January 24th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 target price on the stock in a research note on Friday, January 12th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $195.00 target price on shares of Costco Wholesale in a research note on Friday, January 12th. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Costco Wholesale has an average rating of “Buy” and an average target price of $190.36.

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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.

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

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