Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,818 shares of the retailer’s stock after buying an additional 2,901 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Costco Wholesale were worth $16,071,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of COST. Jacobus Wealth Management Inc. purchased a new stake in shares of Costco Wholesale in the third quarter valued at $103,000. Almanack Investment Partners LLC. acquired a new position in Costco Wholesale in the second quarter valued at $101,000. Northwest Investment Counselors LLC acquired a new position in Costco Wholesale in the second quarter valued at $107,000. Mercer Capital Advisers Inc. boosted its holdings in Costco Wholesale by 3.5% in the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after acquiring an additional 23 shares during the last quarter. Finally, Smithfield Trust Co. boosted its holdings in Costco Wholesale by 150.2% in the third quarter. Smithfield Trust Co. now owns 808 shares of the retailer’s stock valued at $133,000 after acquiring an additional 485 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.
In related news, VP Paul G. Moulton sold 4,381 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $168.16, for a total value of $736,708.96. Following the completion of the transaction, the vice president now directly owns 52,858 shares of the company’s stock, valued at approximately $8,888,601.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy L. Rose sold 5,000 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $193.20, for a total value of $966,000.00. Following the completion of the transaction, the vice president now directly owns 52,529 shares of the company’s stock, valued at $10,148,602.80. The disclosure for this sale can be found here. Insiders have sold 103,677 shares of company stock valued at $19,479,565 over the last ninety days. Corporate insiders own 0.74% of the company’s stock.
A number of research analysts recently weighed in on the company. Vetr cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $200.28 target price on the stock. in a report on Monday, January 22nd. BMO Capital Markets set a $223.00 target price on Costco Wholesale and gave the company a “buy” rating in a report on Wednesday, January 24th. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, December 15th. Susquehanna Bancshares boosted their price objective on Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a research note on Friday, December 15th. Finally, Barclays restated a “buy” rating and set a $208.00 price objective on shares of Costco Wholesale in a research note on Tuesday, December 19th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $189.20.
Shares of Costco Wholesale Co. (NASDAQ:COST) traded down $1.40 during trading on Thursday, reaching $193.47. The company had a trading volume of 2,100,000 shares, compared to its average volume of 2,570,000. The company has a market capitalization of $84,970.00, a price-to-earnings ratio of 30.76, a P/E/G ratio of 3.23 and a beta of 0.98. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year high of $199.88. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98.
Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The company had revenue of $31.81 billion during the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 earnings per share. equities analysts anticipate that Costco Wholesale Co. will post 6.71 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, February 15th. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.80%.
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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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