ETRADE Capital Management LLC acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,920 shares of the retailer’s stock, valued at approximately $357,000.
Several other hedge funds and other institutional investors have also bought and sold shares of COST. Wealthcare Advisory Partners LLC bought a new position in Costco Wholesale during the third quarter valued at about $102,000. Jacobus Wealth Management Inc. bought a new position in Costco Wholesale during the third quarter valued at about $103,000. Assetmark Inc. increased its stake in Costco Wholesale by 137.0% during the fourth quarter. Assetmark Inc. now owns 564 shares of the retailer’s stock valued at $105,000 after acquiring an additional 326 shares during the period. Shamrock Asset Management LLC increased its stake in Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after acquiring an additional 418 shares during the period. Finally, Zions Bancorporation grew its stake in shares of Costco Wholesale by 148.4% in the 3rd quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock valued at $113,000 after purchasing an additional 411 shares during the period. 72.78% of the stock is owned by institutional investors and hedge funds.
In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $187.23, for a total transaction of $561,690.00. Following the transaction, the director now owns 8,654 shares of the company’s stock, valued at approximately $1,620,288.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP James P. Murphy sold 5,000 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $187.48, for a total value of $937,400.00. Following the transaction, the vice president now directly owns 53,834 shares in the company, valued at approximately $10,092,798.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,859 shares of company stock worth $17,963,130. Company insiders own 0.74% of the company’s stock.
Shares of Costco Wholesale Co. (NASDAQ:COST) opened at $182.64 on Friday. The company has a market capitalization of $81,651.30, a P/E ratio of 29.72, a P/E/G ratio of 2.79 and a beta of 0.97. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $199.88. The company has a current ratio of 1.00, a quick ratio of 0.44 and a debt-to-equity ratio of 0.54.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $33 billion for the quarter, compared to analyst estimates of $32.73 billion. During the same period in the prior year, the company posted $1.17 EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. analysts anticipate that Costco Wholesale Co. will post 6.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, February 15th. Costco Wholesale’s dividend payout ratio is 29.81%.
Several equities research analysts have recently weighed in on COST shares. Moffett Nathanson started coverage on Costco Wholesale in a research note on Monday, December 4th. They issued a “buy” rating on the stock. < Robert W. Baird reiterated a "buy" rating and issued a $215.00 price objective on shares of Costco Wholesale in a research note on Friday, December 15th. Susquehanna Bancshares upped their price objective on Costco Wholesale from $205.00 to $215.00 and gave the company a "positive" rating in a research note on Friday, December 15th. Stifel Nicolaus reiterated a "buy" rating and issued a $200.00 price objective (up from $185.00) on shares of Costco Wholesale in a research note on Friday, December 15th. Finally, Vetr lowered Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price objective on the stock. in a research note on Friday, December 1st. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Costco Wholesale presently has a consensus rating of “Buy” and a consensus price target of $190.76.
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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.
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