Clarius Group LLC lowered its holdings in Costco Wholesale Co. (NASDAQ:COST) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,627 shares of the retailer’s stock after selling 495 shares during the period. Clarius Group LLC’s holdings in Costco Wholesale were worth $861,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Comgest Global Investors S.A.S. raised its holdings in shares of Costco Wholesale by 16.3% during the fourth quarter. Comgest Global Investors S.A.S. now owns 64,183 shares of the retailer’s stock valued at $11,945,000 after buying an additional 9,000 shares during the last quarter. Dynamic Advisors Solutions LLC raised its holdings in shares of Costco Wholesale by 29.2% during the fourth quarter. Dynamic Advisors Solutions LLC now owns 14,180 shares of the retailer’s stock valued at $2,639,000 after buying an additional 3,205 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Costco Wholesale by 9.4% during the fourth quarter. Baird Financial Group Inc. now owns 335,334 shares of the retailer’s stock valued at $62,412,000 after buying an additional 28,864 shares during the last quarter. Citizens Financial Group Inc RI raised its holdings in shares of Costco Wholesale by 2,342.4% during the fourth quarter. Citizens Financial Group Inc RI now owns 48,580 shares of the retailer’s stock valued at $9,042,000 after buying an additional 46,591 shares during the last quarter. Finally, Norinchukin Bank The raised its holdings in shares of Costco Wholesale by 3.0% during the fourth quarter. Norinchukin Bank The now owns 75,092 shares of the retailer’s stock valued at $13,976,000 after buying an additional 2,185 shares during the last quarter. 72.79% of the stock is currently owned by hedge funds and other institutional investors.
In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $187.23, for a total transaction of $561,690.00. Following the transaction, the director now directly owns 8,654 shares in the company, valued at approximately $1,620,288.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Timothy L. Rose sold 5,000 shares of Costco Wholesale stock in a transaction that occurred 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 transaction, the vice president now owns 52,529 shares in the company, valued at $10,148,602.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,859 shares of company stock worth $22,789,730. Corporate insiders own 0.58% of the company’s stock.
Costco Wholesale Co. (NASDAQ COST) opened at $187.46 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44. The stock has a market cap of $83,111.27, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 3.05 and a beta of 0.97. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $199.88.
Costco Wholesale (NASDAQ:COST) last posted 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 analyst estimates of $32.73 billion. Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 EPS. equities analysts forecast that Costco Wholesale Co. will post 6.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, February 15th. Costco Wholesale’s payout ratio is 29.81%.
A number of equities research analysts have recently weighed in on the company. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Thursday, November 30th. Susquehanna Bancshares boosted their target price on Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a report on Friday, December 15th. Barclays reissued a “buy” rating and set a $208.00 target price on shares of Costco Wholesale in a report on Tuesday, December 19th. Argus boosted their target price on Costco Wholesale to $200.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $200.00 target price (up previously from $185.00) on shares of Costco Wholesale in a report on Friday, December 15th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company has an average 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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