Caisse DE Depot ET Placement DU Quebec lessened its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 116,743 shares of the retailer’s stock after selling 11,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Costco Wholesale were worth $21,728,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in COST. Wealthcare Advisory Partners LLC acquired a new stake in shares of Costco Wholesale in the third quarter valued at about $102,000. Jacobus Wealth Management Inc. acquired a new stake in shares of Costco Wholesale in the third quarter valued at about $103,000. Assetmark Inc. grew its position in shares of Costco Wholesale by 137.0% in the fourth quarter. Assetmark Inc. now owns 564 shares of the retailer’s stock valued at $105,000 after purchasing an additional 326 shares during the period. Shamrock Asset Management LLC grew its position in shares of Costco Wholesale by 171.3% in 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. Finally, Zions Bancorporation grew its position in shares of Costco Wholesale by 148.4% in 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. Institutional investors own 72.78% of the company’s stock.
Several analysts have recently issued reports on the stock. Tigress Financial reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, January 5th. BidaskClub downgraded shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $205.00 price target (down 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 price target on the stock 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 price target on the stock in a research note on Thursday, January 4th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Costco Wholesale currently has a consensus rating of “Buy” and a consensus price target of $190.76.
In other news, VP Timothy L. Rose sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $184.46, for a total value of $2,213,520.00. Following the sale, the vice president now directly owns 22,903 shares of the company’s stock, valued at approximately $4,224,687.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy L. Rose sold 17,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were 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 directly owns 34,903 shares in the company, valued at $6,468,572.99. The disclosure for this sale can be found here. Insiders sold a total of 106,859 shares of company stock worth $20,176,650 over the last three months. Insiders own 0.74% of the company’s stock.
COST stock opened at $180.84 on Friday. 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 Co. has a 52 week low of $150.00 and a 52 week high of $199.88. The company has a market cap of $81,651.30, a PE ratio of 26.95, a price-to-earnings-growth ratio of 2.79 and a beta of 0.97.
Costco Wholesale (NASDAQ:COST) last issued its earnings results on Wednesday, March 7th. The retailer reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.03). Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. The firm had revenue of $33 billion for the quarter, compared to analysts’ expectations of $32.73 billion. During the same period last year, the firm earned $1.17 earnings per share. Costco Wholesale’s revenue for the quarter was up 10.8% on a year-over-year basis. equities analysts predict that Costco Wholesale Co. will post 6.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, February 15th. Costco Wholesale’s dividend payout ratio (DPR) is 29.81%.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/03/24/caisse-de-depot-et-placement-du-quebec-has-21-73-million-position-in-costco-wholesale-co-cost.html.
Costco Wholesale 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.
Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.