Alpha Cubed Investments LLC reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,997 shares of the retailer’s stock after selling 339 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Costco Wholesale were worth $1,488,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of COST. Janus Henderson Group PLC lifted its holdings in shares of Costco Wholesale by 3,005.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock worth $668,630,000 after acquiring an additional 4,046,164 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Costco Wholesale by 86.3% in the 4th quarter. Jennison Associates LLC now owns 6,611,043 shares of the retailer’s stock worth $1,230,447,000 after acquiring an additional 3,062,864 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Costco Wholesale by 2,114.9% in the 4th quarter. Fisher Asset Management LLC now owns 2,326,481 shares of the retailer’s stock worth $433,005,000 after acquiring an additional 2,221,445 shares during the last quarter. Capital World Investors lifted its holdings in shares of Costco Wholesale by 6.0% in the 2nd 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 last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Costco Wholesale by 2.9% in the 2nd 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 last quarter. Hedge funds and other institutional investors own 72.79% of the company’s stock.
Shares of Costco Wholesale Co. (NASDAQ COST) opened at $187.46 on Wednesday. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week high of $199.88. The firm has a market cap of $82,270.00, a price-to-earnings ratio of 28.66, a PEG ratio of 3.04 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44.
The business also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, February 15th. Costco Wholesale’s dividend payout ratio (DPR) is 30.58%.
Several brokerages have recently commented on COST. BidaskClub lowered shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Friday, March 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $205.00 target price (down from $209.00) on shares of Costco Wholesale in a report on Thursday, March 8th. Vetr lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 target price on the stock. in a report on Tuesday, February 20th. Argus increased their target price on shares of Costco Wholesale to $200.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, BMO Capital Markets set a $223.00 target price on shares of Costco Wholesale and gave the stock a “buy” rating in a report on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $190.76.
In related news, VP Paul G. Moulton sold 11,674 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $188.98, for a total value of $2,206,152.52. Following the transaction, the vice president now directly owns 33,573 shares of the company’s stock, valued at approximately $6,344,625.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $193.41, for a total transaction of $580,230.00. Following the completion of the transaction, the director now directly owns 8,654 shares in the company, valued at $1,673,770.14. The disclosure for this sale can be found here. Insiders sold a total of 119,859 shares of company stock worth $22,789,730 over the last ninety days. Insiders own 0.58% of the company’s stock.
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.
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