Van Hulzen Asset Management LLC lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,650 shares of the retailer’s stock after selling 2,746 shares during the period. Costco Wholesale comprises 2.4% of Van Hulzen Asset Management LLC’s investment portfolio, making the stock its 4th biggest holding. Van Hulzen Asset Management LLC’s holdings in Costco Wholesale were worth $7,938,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Westside Investment Management Inc. increased its stake in Costco Wholesale by 0.3% in the 2nd quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock valued at $168,000 after buying an additional 3 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Costco Wholesale by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock valued at $223,000 after acquiring an additional 7 shares during the period. Keel Point LLC grew its position in shares of Costco Wholesale by 1.6% during the 2nd quarter. Keel Point LLC now owns 1,722 shares of the retailer’s stock valued at $275,000 after acquiring an additional 27 shares during the period. Ropes Wealth Advisors LLC grew its position in shares of Costco Wholesale by 1.5% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,981 shares of the retailer’s stock valued at $317,000 after acquiring an additional 30 shares during the period. Finally, FTB Advisors Inc. grew its position in shares of Costco Wholesale by 1.5% during the 2nd quarter. FTB Advisors Inc. now owns 2,636 shares of the retailer’s stock valued at $419,000 after acquiring an additional 39 shares during the period. Institutional investors own 72.79% of the company’s stock.
Costco Wholesale Co. (NASDAQ COST) opened at $185.87 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week high of $199.88. The company has a market cap of $81,563.47, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 2.77 and a beta of 0.97.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Wednesday, March 7th. The retailer reported $1.42 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $33 billion during the quarter, compared to the consensus estimate of $32.73 billion. During the same period in the previous year, the business earned $1.17 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts anticipate that Costco Wholesale Co. will post 6.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, February 15th. Costco Wholesale’s payout ratio is 29.81%.
In other Costco Wholesale news, VP Timothy L. Rose sold 17,000 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $185.33, for a total value of $3,150,610.00. Following the completion of the transaction, the vice president now directly owns 34,903 shares of the company’s stock, valued at approximately $6,468,572.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard M. Libenson sold 20,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 3,919 shares of the company’s stock, valued at $756,484.57. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,859 shares of company stock valued at $22,789,730. Insiders own 0.74% of the company’s stock.
COST has been the subject of a number of research reports. Tigress Financial reissued a “buy” rating on shares of Costco Wholesale in a research report on Friday, January 5th. Vetr raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 target price for the company in a research report on Monday, February 5th. Moffett Nathanson initiated coverage on shares of Costco Wholesale in a research report on Monday, December 4th. They set a “buy” rating for the company. < Oppenheimer increased their target price on shares of Costco Wholesale from $180.00 to $210.00 and gave the company an "outperform" rating in a research report on Monday, January 8th. Finally, Guggenheim reissued a "hold" rating on shares of Costco Wholesale in a research report on Wednesday, November 22nd. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company has a consensus rating of "Buy" and a consensus target price of $190.76.
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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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