Invictus RG purchased a new position in Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,330 shares of the retailer’s stock, valued at approximately $620,000.
Several other large investors also recently modified their holdings of COST. WealthPLAN Partners LLC boosted its stake in shares of Costco Wholesale by 772.2% in the 2nd quarter. WealthPLAN Partners LLC now owns 4,867 shares of the retailer’s stock valued at $778,000 after purchasing an additional 4,309 shares in the last quarter. Roundview Capital LLC boosted its stake in shares of Costco Wholesale by 45.2% in the 2nd quarter. Roundview Capital LLC now owns 7,747 shares of the retailer’s stock valued at $1,239,000 after purchasing an additional 2,413 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Costco Wholesale by 46.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,320,933 shares of the retailer’s stock valued at $211,257,000 after purchasing an additional 421,047 shares in the last quarter. Baker Avenue Asset Management LP boosted its stake in shares of Costco Wholesale by 144.3% in the 2nd quarter. Baker Avenue Asset Management LP now owns 5,652 shares of the retailer’s stock valued at $904,000 after purchasing an additional 3,338 shares in the last quarter. Finally, Ropes Wealth Advisors LLC boosted its stake in shares of Costco Wholesale by 1.5% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,981 shares of the retailer’s stock valued at $317,000 after purchasing an additional 30 shares in the last quarter. 72.78% of the stock is currently owned by hedge funds and other institutional investors.
Costco Wholesale Co. (NASDAQ COST) opened at $182.64 on Friday. 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 Co. has a 1-year low of $150.00 and a 1-year high of $199.88. The company has a market cap of $81,651.30, a price-to-earnings ratio of 29.72, a price-to-earnings-growth ratio of 2.79 and a beta of 0.97.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data 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 return on equity of 24.74% and a net margin of 2.18%. The company had revenue of $33 billion during the quarter, compared to the consensus estimate of $32.73 billion. During the same quarter last year, the company posted $1.17 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. sell-side analysts predict that Costco Wholesale Co. will post 6.73 earnings per share 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 issued a $0.50 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.00 annualized dividend and a yield of 1.10%. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.81%.
A number of brokerages have recently issued reports on COST. Vetr cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $200.28 price objective for the company. in a research note on Monday, January 22nd. BMO Capital Markets set a $223.00 price objective on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Wednesday, January 24th. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Friday, December 15th. Susquehanna Bancshares upped their price objective on shares of Costco Wholesale from $205.00 to $215.00 and gave the company a “positive” rating in a research note on Friday, December 15th. Finally, Barclays reaffirmed a “buy” rating and issued a $208.00 price objective on shares of Costco Wholesale in a research note on Tuesday, December 19th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Costco Wholesale currently has an average rating of “Buy” and an average target price of $190.76.
In related news, VP Timothy L. Rose sold 17,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $6,468,572.99. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $187.23, for a total transaction of $561,690.00. Following the completion of the transaction, the director now owns 8,654 shares of the company’s stock, valued at $1,620,288.42. The disclosure for this sale can be found here. Insiders sold a total of 94,859 shares of company stock valued at $17,963,130 over the last 90 days. Company insiders own 0.74% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This report was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2018/03/23/3330-shares-in-costco-wholesale-co-cost-purchased-by-invictus-rg.html.
About Costco Wholesale
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.