Haverford Trust Co. raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 46.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,617 shares of the retailer’s stock after acquiring an additional 1,470 shares during the period. Haverford Trust Co.’s holdings in Costco Wholesale were worth $859,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. AXA grew its holdings in shares of Costco Wholesale by 1.9% in the 3rd quarter. AXA now owns 704,782 shares of the retailer’s stock valued at $115,788,000 after buying an additional 13,404 shares during the period. State of Wisconsin Investment Board grew its holdings in shares of Costco Wholesale by 3.2% in the 3rd quarter. State of Wisconsin Investment Board now owns 511,728 shares of the retailer’s stock valued at $84,072,000 after buying an additional 16,066 shares during the period. Synovus Financial Corp grew its holdings in shares of Costco Wholesale by 40.3% in the 3rd quarter. Synovus Financial Corp now owns 21,611 shares of the retailer’s stock valued at $3,542,000 after buying an additional 6,211 shares during the period. KCS Wealth Advisory acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $1,110,000. Finally, Moors & Cabot Inc. grew its holdings in shares of Costco Wholesale by 167.6% in the 2nd quarter. Moors & Cabot Inc. now owns 17,278 shares of the retailer’s stock valued at $2,763,000 after buying an additional 10,821 shares during the period. Institutional investors own 72.78% of the company’s stock.
Costco Wholesale stock opened at $186.07 on Thursday. Costco Wholesale Co. has a one year low of $150.00 and a one year high of $199.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.44 and a current ratio of 1.00. The company has a market cap of $82,212.98, a PE ratio of 29.93, a PEG ratio of 2.81 and a beta of 0.97.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 EPS for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.03). Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. The business had revenue of $33 billion for the quarter, compared to analyst estimates of $32.73 billion. During the same quarter in the prior year, the company earned $1.17 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. research analysts anticipate that Costco Wholesale Co. will post 6.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend 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 29.81%.
COST has been the subject of several research analyst reports. Guggenheim reissued a “hold” rating on shares of Costco Wholesale in a report on Wednesday, November 22nd. Stifel Nicolaus boosted their price target on shares of Costco Wholesale from $179.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 30th. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a report on Thursday, November 30th. Vetr lowered shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 target price for the company. in a research note on Friday, December 1st. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $200.00 target price on shares of Costco Wholesale in a research note on Monday, December 4th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $190.76.
In other news, VP James P. Murphy sold 5,000 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $187.48, for a total value of $937,400.00. Following the sale, the vice president now directly owns 53,834 shares of the company’s stock, valued at approximately $10,092,798.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Paul G. Moulton sold 11,674 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $188.98, for a total transaction of $2,206,152.52. Following the completion of the sale, the vice president now directly owns 33,573 shares in the company, valued at $6,344,625.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,859 shares of company stock valued at $17,963,130. Company insiders own 0.58% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Haverford Trust Co. Acquires 1,470 Shares of Costco Wholesale Co. (COST)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://ledgergazette.com/2018/03/22/haverford-trust-co-acquires-1470-shares-of-costco-wholesale-co-cost.html.
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.
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.