Madison Investment Holdings Inc. boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 131,127 shares of the retailer’s stock after purchasing an additional 5,609 shares during the period. Madison Investment Holdings Inc.’s holdings in Costco Wholesale were worth $24,405,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Destination Wealth Management lifted its stake in Costco Wholesale by 2.3% during the 2nd quarter. Destination Wealth Management now owns 121,782 shares of the retailer’s stock valued at $19,477,000 after acquiring an additional 2,741 shares during the period. BT Investment Management Ltd acquired a new stake in Costco Wholesale during the 2nd quarter valued at approximately $650,000. Stevens Capital Management LP acquired a new stake in Costco Wholesale during the 2nd quarter valued at approximately $13,754,000. Profund Advisors LLC lifted its stake in Costco Wholesale by 7.0% during the 2nd quarter. Profund Advisors LLC now owns 37,760 shares of the retailer’s stock valued at $6,039,000 after acquiring an additional 2,486 shares during the period. Finally, ProShare Advisors LLC lifted its stake in Costco Wholesale by 16.4% during the 2nd quarter. ProShare Advisors LLC now owns 161,178 shares of the retailer’s stock valued at $25,777,000 after acquiring an additional 22,731 shares during the period. 72.79% of the stock is currently owned by institutional investors.
In other news, VP Roland Michael Vachris sold 5,200 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $187.98, for a total transaction of $977,496.00. Following the completion of the sale, the vice president now owns 15,694 shares of the company’s stock, valued at $2,950,158.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy L. Rose sold 5,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $193.20, for a total transaction of $966,000.00. Following 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. Insiders have sold 119,859 shares of company stock valued at $22,789,730 over the last 90 days. 0.74% of the stock is currently owned by company insiders.
Several brokerages have commented on COST. BidaskClub cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $205.00 target price (down from $209.00) on shares of Costco Wholesale in a research note on Thursday, March 8th. Vetr cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 target price for the company. in a research note on Tuesday, February 20th. Argus boosted 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. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $190.76.
Costco Wholesale Co. (COST) opened at $185.51 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.44 and a debt-to-equity ratio of 0.54. The firm has a market cap of $81,030.97, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 2.75 and a beta of 0.97. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $199.88.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.03). The company had revenue of $33 billion for the quarter, compared to analyst estimates of $32.73 billion. Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.17 earnings per share. equities analysts predict that Costco Wholesale Co. will post 6.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Thursday, February 15th. Costco Wholesale’s dividend payout ratio is presently 29.81%.
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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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