Baird Financial Group Inc. increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 335,334 shares of the retailer’s stock after buying an additional 28,864 shares during the quarter. Baird Financial Group Inc.’s holdings in Costco Wholesale were worth $62,412,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Costco Wholesale by 2.9% during the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after acquiring an additional 937,121 shares during the period. BlackRock Inc. lifted its holdings in Costco Wholesale by 2.9% during the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after acquiring an additional 703,825 shares during the period. Capital World Investors lifted its holdings in Costco Wholesale by 6.0% during the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after acquiring an additional 1,007,720 shares during the period. Capital Research Global Investors lifted its holdings in Costco Wholesale by 2.3% during the second quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock worth $1,484,350,000 after acquiring an additional 207,675 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Costco Wholesale by 14.4% during the third quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock worth $1,118,138,000 after acquiring an additional 858,969 shares during the period. Institutional investors and hedge funds own 72.79% of the company’s stock.
A number of analysts recently commented on COST shares. Tigress Financial reiterated a “buy” rating on shares of Costco Wholesale in a report on Friday, January 5th. Vetr raised 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 started coverage on Costco Wholesale in a research report on Monday, December 4th. They issued a “buy” rating for the company. < Oppenheimer raised their target price on Costco Wholesale from $180.00 to $210.00 and gave the stock 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 issued a buy rating to the stock. Costco Wholesale currently has a consensus rating of "Buy" and a consensus target price of $190.76.
Costco Wholesale Co. (NASDAQ:COST) opened at $187.46 on Wednesday. The firm has a market capitalization of $82,270.00, a price-to-earnings ratio of 28.66, a PEG ratio of 3.04 and a beta of 0.97. Costco Wholesale Co. has a 52-week low of $150.00 and a 52-week high of $199.88. 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 for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.03). The company had revenue of $33 billion during the quarter, compared to analysts’ expectations of $32.73 billion. Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. Costco Wholesale’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 earnings per share. analysts anticipate that Costco Wholesale Co. will post 6.8 EPS for the current year.
The firm 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 yield of 1.07%. The ex-dividend date was Thursday, February 15th. Costco Wholesale’s dividend payout ratio is 30.58%.
COPYRIGHT VIOLATION NOTICE: “Baird Financial Group Inc. Buys 28,864 Shares of Costco Wholesale Co. (COST)” was first reported by Week Herald and is the sole property of of Week Herald. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://weekherald.com/2018/03/14/baird-financial-group-inc-buys-28864-shares-of-costco-wholesale-co-cost.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.