Mutual of America Capital Management LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,742 shares of the retailer’s stock after buying an additional 1,649 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Costco Wholesale were worth $10,189,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC bought a new position in Costco Wholesale in the third quarter worth approximately $102,000. Jacobus Wealth Management Inc. bought a new position in Costco Wholesale in the third quarter worth approximately $103,000. Almanack Investment Partners LLC. bought a new position in Costco Wholesale in the second quarter worth approximately $101,000. Shamrock Asset Management LLC grew its stake in Costco Wholesale by 171.3% in the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after purchasing an additional 418 shares in the last quarter. Finally, Zions Bancorporation grew its stake in Costco Wholesale by 148.4% in the third quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock worth $113,000 after purchasing an additional 411 shares in the last quarter. 70.87% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Timothy L. Rose sold 5,000 shares of the stock in a transaction on Monday, December 18th. The stock was 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 in the company, valued at approximately $10,148,602.80. The sale 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 stock in a transaction on Friday, December 1st. The shares were sold at an average price of $183.26, for a total value of $549,780.00. Following the sale, the director now owns 8,654 shares of the company’s stock, valued at approximately $1,585,932.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,185 shares of company stock valued at $17,408,817. Company insiders own 0.58% of the company’s stock.
Shares of Costco Wholesale Co. (NASDAQ COST) opened at $191.56 on Tuesday. Costco Wholesale Co. has a twelve month low of $150.00 and a twelve month high of $199.88. 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 company has a market capitalization of $84,115.13, a price-to-earnings ratio of 31.87, a PEG ratio of 3.13 and a beta of 0.99.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating the consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The firm had revenue of $31.81 billion during the quarter, compared to analyst estimates of $31.01 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. sell-side analysts expect that Costco Wholesale Co. will post 6.71 earnings per share for the current year.
The firm also recently disclosed 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 of this dividend is Thursday, February 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.04%. Costco Wholesale’s dividend payout ratio is presently 31.80%.
Several research analysts recently issued reports on the company. Vetr cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 price objective on the stock. in a research note on Tuesday. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a research note on Thursday, November 30th. Susquehanna Bancshares increased 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. Barclays reissued a “buy” rating and issued a $208.00 price objective on shares of Costco Wholesale in a research note on Tuesday, December 19th. Finally, Argus upped their target price on Costco Wholesale to $200.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $190.18.
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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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