Janus Henderson Group PLC reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 29.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,953,168 shares of the retailer’s stock after selling 1,227,602 shares during the quarter. Janus Henderson Group PLC owned about 0.68% of Costco Wholesale worth $485,175,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Almanack Investment Partners LLC. bought a new stake in shares of Costco Wholesale during the second quarter valued at approximately $101,000. Jacobus Wealth Management Inc. bought a new stake in shares of Costco Wholesale during the third quarter valued at approximately $103,000. Shamrock Asset Management LLC increased its holdings in shares of 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 in the last quarter. Mercer Capital Advisers Inc. increased its holdings in shares of Costco Wholesale by 3.5% during 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 in the last quarter. Finally, Ledyard National Bank increased its holdings in shares of Costco Wholesale by 19.1% during the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after acquiring an additional 130 shares in the last quarter. 72.06% of the stock is currently owned by institutional investors.
Several equities research analysts have recently commented on COST shares. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a report on Friday, October 20th. Moffett Nathanson started coverage on Costco Wholesale in a report on Monday, December 4th. They set a “buy” rating for the company. < JPMorgan Chase & Co. restated a "buy" rating and set a $200.00 price objective on shares of Costco Wholesale in a report on Monday, December 4th. Robert W. Baird reiterated a "buy" rating on shares of Costco Wholesale in a report on Friday, November 17th. Finally, Stifel Nicolaus upped their price target on Costco Wholesale from $179.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, November 30th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. The stock currently has an average rating of "Buy" and a consensus price target of $190.36.
Shares of Costco Wholesale Co. (NASDAQ COST) traded up $3.20 on Wednesday, reaching $187.35. The company had a trading volume of 2,190,000 shares, compared to its average volume of 2,720,000. The stock has a market cap of $82,280.00, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a twelve month low of $150.00 and a twelve month high of $199.88.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. The business had revenue of $31.81 billion for the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 EPS. research analysts predict that Costco Wholesale Co. will post 6.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.07%. Costco Wholesale’s dividend payout ratio (DPR) is 31.80%.
In other Costco Wholesale news, VP Paul G. Moulton sold 6,985 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $187.92, for a total value of $1,312,621.20. Following the transaction, the vice president now directly owns 45,248 shares in the company, valued at approximately $8,503,004.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $183.26, for a total value of $549,780.00. Following the completion of the transaction, the director now owns 8,654 shares in the company, valued at $1,585,932.04. The disclosure for this sale can be found here. Insiders have sold a total of 91,185 shares of company stock worth $17,408,817 in the last three months. 0.58% of the stock is currently owned by insiders.
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About Costco Wholesale
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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