WINTON GROUP Ltd trimmed its position in Costco Wholesale Co. (NASDAQ:COST) by 65.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,829 shares of the retailer’s stock after selling 3,447 shares during the period. WINTON GROUP Ltd’s holdings in Costco Wholesale were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COST. Westside Investment Management Inc. grew its position in Costco Wholesale by 0.3% during the 2nd quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock worth $168,000 after purchasing an additional 3 shares during the period. Cetera Investment Advisers boosted its stake 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 worth $223,000 after acquiring an additional 7 shares in the last quarter. Keel Point LLC boosted its stake 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 worth $275,000 after acquiring an additional 27 shares in the last quarter. Ropes Wealth Advisors LLC boosted its stake 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 worth $317,000 after acquiring an additional 30 shares in the last quarter. Finally, FTB Advisors Inc. boosted its stake 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 worth $419,000 after acquiring an additional 39 shares in the last quarter. 72.78% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Timothy L. Rose sold 17,000 shares of Costco Wholesale stock in a transaction that occurred 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 sale, the vice president now owns 34,903 shares in the company, valued at approximately $6,468,572.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel M. Hines sold 5,000 shares of Costco Wholesale 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 completion of the sale, the insider now owns 30,853 shares of the company’s stock, valued at approximately $5,819,492.86. The disclosure for this sale can be found here. Insiders have sold a total of 94,859 shares of company stock valued at $17,963,130 in the last 90 days. Insiders own 0.58% of the company’s stock.
COST stock traded down $0.76 during mid-day trading on Wednesday, reaching $186.59. 65,647 shares of the company’s stock were exchanged, compared to its average volume of 2,575,903. The firm has a market cap of $80,808.75, a P/E ratio of 27.92, 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 quick ratio of 0.44 and a current ratio of 1.00. Costco Wholesale Co. has a 12 month low of $150.00 and a 12 month high of $199.88.
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 Zacks’ consensus estimate of $1.45 by ($0.03). The firm 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 firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 EPS. analysts anticipate that Costco Wholesale Co. will post 6.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.07%. Costco Wholesale’s dividend payout ratio is currently 29.81%.
Several equities research analysts have recently issued reports on the stock. Vetr lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $200.28 target price on the stock. in a research note on Monday, January 22nd. BMO Capital Markets set a $223.00 target price on shares of Costco Wholesale and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a research note on Friday, December 15th. Susquehanna Bancshares increased their target price on shares of Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a research note on Friday, December 15th. Finally, Barclays reissued a “buy” rating and set a $208.00 target price on shares of Costco Wholesale in a research note on Tuesday, December 19th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $190.76.
WARNING: This article was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://ledgergazette.com/2018/03/21/winton-group-ltd-cuts-position-in-costco-wholesale-co-cost.html.
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.
Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.