Douglass Winthrop Advisors LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 227,773 shares of the retailer’s stock after acquiring an additional 1,634 shares during the period. Costco Wholesale makes up approximately 2.3% of Douglass Winthrop Advisors LLC’s investment portfolio, making the stock its 14th largest position. Douglass Winthrop Advisors LLC’s holdings in Costco Wholesale were worth $42,393,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. Bluestein R H & Co. raised its stake in shares of Costco Wholesale by 2.9% during the 4th quarter. Bluestein R H & Co. now owns 276,207 shares of the retailer’s stock worth $51,408,000 after buying an additional 7,665 shares during the last quarter. 180 Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth $2,403,000. W. E. Donoghue & Co. LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth $2,607,000. Pittenger & Anderson Inc. raised its stake in Costco Wholesale by 1.7% in the 4th quarter. Pittenger & Anderson Inc. now owns 46,393 shares of the retailer’s stock valued at $8,635,000 after purchasing an additional 765 shares during the last quarter. Finally, Capital Counsel LLC NY acquired a new position in Costco Wholesale in the 4th quarter valued at about $42,115,000. 72.78% of the stock is owned by institutional investors and hedge funds.
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 company has a current ratio of 1.00, a quick ratio of 0.44 and a debt-to-equity ratio of 0.54. The company has a market cap of $81,651.30, a PE ratio of 29.72, a PEG ratio of 2.79 and a beta of 0.97.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 EPS for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.03). Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. The company had revenue of $33 billion for the quarter, compared to analyst estimates of $32.73 billion. During the same period in the prior year, the company earned $1.17 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. sell-side analysts forecast 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. Stockholders of record on Friday, February 16th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Thursday, February 15th. Costco Wholesale’s payout ratio is currently 29.81%.
In other news, VP Timothy L. Rose sold 17,000 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $185.33, for a total transaction of $3,150,610.00. Following the completion of the sale, the vice president now owns 34,903 shares in the company, valued at approximately $6,468,572.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $187.23, for a total value of $561,690.00. Following the sale, the director now owns 8,654 shares of the company’s stock, valued at approximately $1,620,288.42. The disclosure for this sale can be found here. Insiders have sold a total of 94,859 shares of company stock valued at $17,963,130 in the last quarter. Company insiders own 0.74% of the company’s stock.
Several research analysts recently weighed in on the stock. BidaskClub downgraded shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 9th. Tigress Financial reissued a “buy” rating on shares of Costco Wholesale in a research note on Friday, January 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $205.00 target price (down previously from $209.00) on shares of Costco Wholesale in a research note on Thursday, March 8th. Gordon Haskett raised 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 note on Friday, January 12th. Finally, Vetr raised 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 note on Thursday, January 4th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Costco Wholesale 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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