AGF Investments Inc. Reduces Stake in Costco Wholesale Co. (NASDAQ:COST)

AGF Investments Inc. cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 472,308 shares of the retailer’s stock after selling 22,161 shares during the period. AGF Investments Inc. owned 0.11% of Costco Wholesale worth $77,595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COST. Almanack Investment Partners LLC. purchased a new position in Costco Wholesale during the second quarter valued at $101,000. Jacobus Wealth Management Inc. purchased a new position in shares of Costco Wholesale in the 3rd quarter worth $103,000. Northwest Investment Counselors LLC purchased a new position in shares of Costco Wholesale in the 2nd quarter worth $107,000. Shamrock Asset Management LLC grew its stake in shares of Costco Wholesale by 171.3% in the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after buying an additional 418 shares in the last quarter. Finally, Mercer Capital Advisers Inc. grew its stake in shares of Costco Wholesale by 3.5% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after buying an additional 23 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Timothy L. Rose sold 5,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $193.20, for a total transaction of $966,000.00. Following the completion of the sale, the vice president now owns 52,529 shares of the company’s stock, valued at $10,148,602.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Paul G. Moulton sold 4,381 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $168.16, for a total transaction of $736,708.96. Following the sale, the vice president now directly owns 52,858 shares of the company’s stock, valued at approximately $8,888,601.28. The disclosure for this sale can be found here. Insiders have sold 106,677 shares of company stock valued at $20,059,795 over the last 90 days. 0.74% of the stock is currently owned by company insiders.

A number of equities analysts have commented on the stock. Vetr raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price objective for the company in a research note on Thursday, January 4th. Stifel Nicolaus restated a “buy” rating and issued a $173.00 target price on shares of Costco Wholesale in a report on Monday, October 9th. JPMorgan Chase & Co. restated a “buy” rating and issued a $200.00 target price on shares of Costco Wholesale in a report on Monday, December 4th. Bank of America restated a “buy” rating and issued a $192.00 target price on shares of Costco Wholesale in a report on Monday, October 9th. Finally, Oppenheimer lifted their price objective on shares of Costco Wholesale from $180.00 to $210.00 and gave the company an “outperform” rating in a report on Monday, January 8th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Costco Wholesale presently has a consensus rating of “Buy” and a consensus price target of $189.20.

Costco Wholesale Co. (COST) traded down $2.48 on Friday, hitting $190.99. 2,390,000 shares of the company traded hands, compared to its average volume of 2,470,000. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a market cap of $83,880.00, a PE ratio of 30.36, a P/E/G ratio of 3.12 and a beta of 0.99. 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 Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. The company had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 earnings per share. analysts forecast that Costco Wholesale Co. will post 6.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, February 15th. Costco Wholesale’s dividend payout ratio is presently 31.80%.

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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.

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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