Public Employees Retirement Association of Colorado trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 847,142 shares of the retailer’s stock after selling 866 shares during the quarter. Costco Wholesale accounts for 1.5% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 9th largest holding. Public Employees Retirement Association of Colorado owned approximately 0.19% of Costco Wholesale worth $244,070,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen Asset Management LLC increased its position in shares of Costco Wholesale by 40,778.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,772,976 shares of the retailer’s stock worth $1,261,307,000 after purchasing an additional 4,761,300 shares during the last quarter. Parnassus Investments CA bought a new stake in Costco Wholesale during the second quarter worth $591,885,000. Thoroughbred Financial Services LLC lifted its holdings in Costco Wholesale by 31,276.3% during the second quarter. Thoroughbred Financial Services LLC now owns 843,708 shares of the retailer’s stock worth $84,371,000 after acquiring an additional 841,019 shares during the period. Nomura Holdings Inc. bought a new stake in Costco Wholesale during the second quarter worth $159,976,000. Finally, Vanguard Group Inc. lifted its holdings in Costco Wholesale by 1.4% during the second quarter. Vanguard Group Inc. now owns 37,343,168 shares of the retailer’s stock worth $9,868,305,000 after acquiring an additional 508,650 shares during the period. 71.16% of the stock is owned by institutional investors.
In other news, EVP Russell D. Miller sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $302.83, for a total value of $302,830.00. Following the transaction, the executive vice president now directly owns 1 shares in the company, valued at approximately $302.83. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 333 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $297.50, for a total transaction of $99,067.50. Following the completion of the transaction, the director now owns 41,470 shares in the company, valued at $12,337,325. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,093 shares of company stock valued at $9,915,511. Insiders own 0.21% of the company’s stock.
COST has been the subject of a number of recent research reports. Wells Fargo & Co raised their target price on Costco Wholesale from $240.00 to $290.00 and gave the stock a “market perform” rating in a research report on Friday, September 6th. Stifel Nicolaus boosted their target price on Costco Wholesale from $289.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Telsey Advisory Group boosted their target price on Costco Wholesale from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Sanford C. Bernstein cut Costco Wholesale from a “market perform” rating to an “underperform” rating and boosted their target price for the stock from $220.00 to $230.00 in a research report on Wednesday, September 18th. Finally, Royal Bank of Canada boosted their target price on Costco Wholesale from $321.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $295.57.
COST stock traded down $2.59 during mid-day trading on Friday, hitting $302.62. 1,501,500 shares of the stock were exchanged, compared to its average volume of 1,980,943. The business has a fifty day moving average price of $294.80 and a 200 day moving average price of $273.79. The stock has a market capitalization of $131.54 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 4.09 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.01 and a quick ratio of 0.52. Costco Wholesale Co. has a 12 month low of $189.51 and a 12 month high of $307.34.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, October 3rd. The retailer reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.15. The firm had revenue of $47.50 billion for the quarter, compared to analysts’ expectations of $47.71 billion. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.36 EPS. As a group, equities analysts forecast that Costco Wholesale Co. will post 8.61 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.60 annualized dividend and a dividend yield of 0.86%. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.75%.
Costco Wholesale Company Profile
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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