Amica Mutual Insurance Co. reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 42.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,512 shares of the retailer’s stock after selling 10,030 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Costco Wholesale were worth $2,515,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth $102,000. Jacobus Wealth Management Inc. acquired a new position in Costco Wholesale during the third quarter valued at $103,000. Shamrock Asset Management LLC lifted 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 valued at $109,000 after purchasing an additional 418 shares during the period. Zions Bancorporation lifted its position in Costco Wholesale by 148.4% during the third quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock valued at $113,000 after purchasing an additional 411 shares during the period. Finally, Trustcore Financial Services LLC acquired a new position in Costco Wholesale during the fourth quarter valued at $128,000. 72.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of Costco Wholesale Co. (NASDAQ COST) opened at $182.64 on Friday. Costco Wholesale Co. has a one year low of $150.00 and a one year high of $199.88. The stock has a market cap of $81,651.30, a PE ratio of 27.22, a P/E/G ratio of 2.79 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.44 and a current ratio of 1.00.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.03). The business had revenue of $33 billion for the quarter, compared to analysts’ expectations of $32.73 billion. Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 EPS. equities analysts expect that Costco Wholesale Co. will post 6.73 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.00 annualized dividend and a yield of 1.10%. Costco Wholesale’s payout ratio is 29.81%.
In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $193.41, for a total value of $580,230.00. Following the transaction, the director now directly owns 8,654 shares in the company, valued at approximately $1,673,770.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James D. Sinegal sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $192.06, for a total transaction of $5,761,800.00. Following the completion of the transaction, the director now owns 746,209 shares in the company, valued at $143,316,900.54. The disclosure for this sale can be found here. Insiders sold a total of 94,859 shares of company stock worth $17,963,130 over the last quarter. 0.74% of the stock is currently owned by company insiders.
A number of research firms recently issued reports on COST. BidaskClub downgraded shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 9th. Tigress Financial restated a “buy” rating on shares of Costco Wholesale in a research report on Friday, January 5th. Royal Bank of Canada restated an “outperform” rating and set a $205.00 target price (down from $209.00) on shares of Costco Wholesale in a research report on Thursday, March 8th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 target price for the company in a research report on Friday, January 12th. Finally, Vetr upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 target price for the company in a research report on Thursday, January 4th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Costco Wholesale currently has a consensus rating of “Buy” and an average price target of $190.76.
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Costco Wholesale Company 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.
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