Wright Investors Service Inc. acquired a new stake in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,621 shares of the retailer’s stock, valued at approximately $488,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealthcare Advisory Partners LLC purchased a new stake in Costco Wholesale during the 3rd quarter worth about $102,000. Jacobus Wealth Management Inc. purchased a new stake in Costco Wholesale during the 3rd quarter worth about $103,000. Almanack Investment Partners LLC. purchased a new stake in Costco Wholesale during the 2nd quarter worth about $101,000. Shamrock Asset Management LLC increased its holdings in Costco Wholesale by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after purchasing an additional 418 shares during the period. Finally, Zions Bancorporation increased its holdings in Costco Wholesale by 148.4% during the 3rd quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock worth $113,000 after purchasing an additional 411 shares during the period. Institutional investors own 72.79% of the company’s stock.
Several equities research analysts have weighed in on COST shares. Robert W. Baird restated a “buy” rating on shares of Costco Wholesale in a report on Friday, November 17th. Moffett Nathanson started coverage on Costco Wholesale in a report on Monday, December 4th. They set a “buy” rating on the stock. < JPMorgan Chase & Co. reaffirmed a "buy" rating and set a $200.00 price objective on shares of Costco Wholesale in a research report on Monday, December 4th. Oppenheimer reaffirmed a "buy" rating on shares of Costco Wholesale in a research report on Thursday, November 30th. Finally, Stifel Nicolaus upped their price objective on Costco Wholesale from $179.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, November 30th. Nine 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 price target of $190.76.
Shares of Costco Wholesale Co. (NASDAQ COST) opened at $187.46 on Wednesday. The stock has a market capitalization of $83,111.27, a PE ratio of 30.25, a P/E/G ratio of 3.05 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. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year high of $199.88.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $32.73 billion. During the same period in the previous year, the business posted $1.17 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. research analysts anticipate that Costco Wholesale Co. will post 6.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were given 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 yield of 1.07%. Costco Wholesale’s payout ratio is 29.81%.
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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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