Signition LP bought a new stake in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,205 shares of the retailer’s stock, valued at approximately $783,000. Costco Wholesale comprises approximately 1.0% of Signition LP’s portfolio, making the stock its 22nd biggest holding.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Almanack Investment Partners LLC. bought a new position in shares of Costco Wholesale in the second quarter valued at approximately $101,000. Wealthcare Advisory Partners LLC bought a new position in shares of Costco Wholesale in the third quarter valued at approximately $102,000. Jacobus Wealth Management Inc. bought a new position in Costco Wholesale during the third quarter worth $103,000. Shamrock Asset Management LLC increased its position in Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after acquiring an additional 418 shares during the period. Finally, Zions Bancorporation increased its position in Costco Wholesale by 148.4% during the third quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock worth $113,000 after acquiring an additional 411 shares during the period. Hedge funds and other institutional investors own 71.88% of the company’s stock.
In other news, Director Richard M. Libenson sold 20,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $193.03, for a total value of $3,860,600.00. Following the sale, the director now owns 3,919 shares in the company, valued at approximately $756,484.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy L. Rose sold 5,000 shares of the business’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 in the company, valued at approximately $10,148,602.80. The disclosure for this sale can be found here. Insiders sold a total of 91,185 shares of company stock worth $17,432,967 in the last 90 days. 0.74% of the stock is owned by corporate insiders.
Shares of Costco Wholesale Co. (NASDAQ COST) opened at $186.40 on Friday. The stock has a market cap of $82,270.88, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 3.06 and a beta of 0.97. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week high of $199.88.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Wednesday, March 7th. The retailer reported $1.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.03). The business had revenue of $33 billion during the quarter, compared to the consensus estimate of $32.73 billion. Costco Wholesale had a net margin of 2.18% and a return on equity of 25.41%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm earned $1.17 EPS. equities research analysts forecast that Costco Wholesale Co. will post 6.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. Costco Wholesale’s dividend payout ratio is presently 29.81%.
A number of equities analysts recently issued reports on COST shares. Robert W. Baird reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Friday, November 17th. Guggenheim reaffirmed a “hold” rating on shares of Costco Wholesale in a research report on Wednesday, November 22nd. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $179.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Thursday, November 30th. Finally, Vetr lowered shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 target price on the stock. in a research report on Friday, December 1st. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $190.76.
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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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