2,478 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Trexquant Investment LP

Trexquant Investment LP acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,478 shares of the retailer’s stock, valued at approximately $407,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Costco Wholesale by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after buying an additional 937,121 shares during the last quarter. BlackRock Inc. lifted its stake in Costco Wholesale by 2.9% in the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after purchasing an additional 703,825 shares during the last quarter. Capital World Investors lifted its stake in Costco Wholesale by 6.0% in the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after purchasing an additional 1,007,720 shares during the last quarter. Capital Research Global Investors lifted its stake in Costco Wholesale by 2.3% in the second quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock valued at $1,484,350,000 after purchasing an additional 207,675 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Costco Wholesale by 14.4% in the third quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock valued at $1,118,138,000 after purchasing an additional 858,969 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Co. (NASDAQ:COST) traded down $2.48 during midday trading on Friday, reaching $190.99. 2,355,465 shares of the company’s stock traded hands, compared to its average volume of 2,470,000. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $83,880.00, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 3.12 and a beta of 0.99. Costco Wholesale Co. has a twelve month low of $150.00 and a twelve month high of $199.88.

Costco Wholesale (NASDAQ:COST) last posted its earnings results 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 analyst estimates of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. Costco Wholesale’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. equities analysts expect that Costco Wholesale Co. will post 6.71 earnings per share for the current year.

The company 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. The ex-dividend date is Thursday, February 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.05%. Costco Wholesale’s dividend payout ratio is currently 31.80%.

In other news, Director James D. Sinegal sold 30,000 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $192.06, for a total transaction of $5,761,800.00. Following the completion of the sale, the director now directly owns 746,209 shares in the company, valued at $143,316,900.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $193.41, for a total transaction of $580,230.00. Following the completion of the sale, the director now owns 8,654 shares of the company’s stock, valued at $1,673,770.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,677 shares of company stock valued at $20,059,795. 0.74% of the stock is currently owned by company insiders.

Several equities analysts recently commented on the company. BMO Capital Markets set a $223.00 price objective on Costco Wholesale and gave the company a “buy” rating in a research note on Wednesday, January 24th. Vetr downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $200.28 price objective on the stock. in a research note on Monday, January 22nd. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price objective on the stock in a research note on Friday, January 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price objective on shares of Costco Wholesale in a research note on Friday, January 12th. Finally, Oppenheimer boosted their target price 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. The company presently has a consensus rating of “Buy” and a consensus price target of $189.20.

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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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