Quadrature Capital Ltd acquired a new stake in Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,158 shares of the retailer’s stock, valued at approximately $1,146,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of COST. Wealthcare Advisory Partners LLC acquired a new position in shares of Costco Wholesale during the third quarter worth about $102,000. Jacobus Wealth Management Inc. acquired a new position in shares of Costco Wholesale during the third quarter worth about $103,000. Shamrock Asset Management LLC increased its stake in shares of Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after acquiring an additional 418 shares during the period. Zions Bancorporation increased its stake in shares of Costco Wholesale by 148.4% during the third quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock worth $113,000 after acquiring an additional 411 shares during the period. Finally, Trustcore Financial Services LLC acquired a new position in shares of Costco Wholesale during the fourth quarter worth about $128,000. Institutional investors own 72.79% of the company’s stock.
Shares of Costco Wholesale Co. (NASDAQ:COST) opened at $185.87 on Friday. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week high of $199.88. The stock has a market cap of $81,405.55, a PE ratio of 27.70, a price-to-earnings-growth ratio of 2.76 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Wednesday, March 7th. The retailer reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.03). Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. The business had revenue of $33 billion during the quarter, compared to analysts’ expectations of $32.73 billion. During the same period last year, the company earned $1.17 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts expect that Costco Wholesale Co. will post 6.78 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, February 15th. Costco Wholesale’s payout ratio is 29.81%.
A number of research analysts have recently 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 on the stock in a research note on Thursday, January 4th. JPMorgan Chase & Co. reissued a “buy” rating and set a $200.00 price objective on shares of Costco Wholesale in a report on Monday, December 4th. Argus boosted their price objective on shares of Costco Wholesale to $200.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Oppenheimer boosted their price objective 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 reissued a “hold” rating on shares of Costco Wholesale in a report on Wednesday, November 22nd. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $190.76.
In related news, Director Richard M. Libenson sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $193.03, for a total transaction of $3,860,600.00. Following the transaction, the director now owns 3,919 shares of the company’s stock, valued at $756,484.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel M. Hines sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $188.62, for a total transaction of $943,100.00. Following the transaction, the insider now directly owns 30,853 shares in the company, valued at approximately $5,819,492.86. The disclosure for this sale can be found here. Insiders have sold 119,859 shares of company stock worth $22,789,730 in the last three months. Insiders own 0.74% of the company’s stock.
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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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