Costco Wholesale Co. (COST) Shares Bought by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 11.0% during the fourth quarter, HoldingsChannel reports. The firm owned 14,656 shares of the retailer’s stock after buying an additional 1,453 shares during the quarter. Costco Wholesale accounts for about 0.9% of McKinley Carter Wealth Services Inc.’s investment portfolio, making the stock its 24th largest holding. McKinley Carter Wealth Services Inc.’s holdings in Costco Wholesale were worth $2,728,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in Costco Wholesale by 3,005.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock valued at $668,630,000 after buying an additional 4,046,164 shares during the last quarter. Jennison Associates LLC raised its holdings in Costco Wholesale by 86.3% in the 4th quarter. Jennison Associates LLC now owns 6,611,043 shares of the retailer’s stock valued at $1,230,447,000 after buying an additional 3,062,864 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Costco Wholesale by 2,114.9% in the 4th quarter. Fisher Asset Management LLC now owns 2,326,481 shares of the retailer’s stock valued at $433,005,000 after buying an additional 2,221,445 shares during the last quarter. Capital World Investors raised its holdings in Costco Wholesale by 6.0% in the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after buying an additional 1,007,720 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Costco Wholesale by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after buying an additional 937,121 shares during the last quarter. Institutional investors own 70.87% of the company’s stock.

In related news, Director John W. Meisenbach sold 3,000 shares of Costco Wholesale stock in a transaction on Friday, December 1st. The shares were sold at an average price of $183.26, for a total value of $549,780.00. Following the completion of the sale, the director now owns 8,654 shares of the company’s stock, valued at approximately $1,585,932.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Timothy L. Rose sold 5,000 shares of Costco Wholesale stock in a transaction on Monday, December 18th. The shares were sold at an average price of $193.20, for a total transaction of $966,000.00. Following the completion of the sale, the vice president now directly owns 52,529 shares of the company’s stock, valued at approximately $10,148,602.80. The disclosure for this sale can be found here. In the last three months, insiders sold 91,185 shares of company stock valued at $17,408,817. 0.58% of the stock is currently owned by insiders.

Shares of Costco Wholesale Co. (NASDAQ COST) opened at $191.56 on Monday. The firm has a market cap of $84,115.13, a price-to-earnings ratio of 31.87, a PEG ratio of 3.13 and a beta of 0.99. 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 one year low of $150.00 and a one year high of $199.88.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, February 15th. Costco Wholesale’s payout ratio is currently 31.80%.

Several research analysts have issued reports on the stock. Vetr upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price target for the company in a report on Thursday, January 4th. JPMorgan Chase & Co. restated a “buy” rating and set a $200.00 price target on shares of Costco Wholesale in a report on Monday, December 4th. Argus raised their price target on shares of Costco Wholesale to $200.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Oppenheimer raised their price target on shares of Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Finally, Guggenheim restated a “hold” rating on shares of Costco Wholesale in a report on Wednesday, November 22nd. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Costco Wholesale has a consensus rating of “Buy” and an average target price of $190.36.

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Costco Wholesale Company 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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