Renaissance Technologies LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 73.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,100,913 shares of the retailer’s stock after buying an additional 890,200 shares during the period. Costco Wholesale makes up 0.4% of Renaissance Technologies LLC’s investment portfolio, making the stock its 26th largest holding. Renaissance Technologies LLC owned about 0.48% of Costco Wholesale worth $391,022,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Signaturefd LLC boosted its holdings in shares of Costco Wholesale by 62.9% during the 4th quarter. Signaturefd LLC now owns 2,355 shares of the retailer’s stock worth $438,000 after buying an additional 909 shares in the last quarter. Pitcairn Co. boosted its holdings in shares of Costco Wholesale by 2.1% during the 4th quarter. Pitcairn Co. now owns 16,321 shares of the retailer’s stock worth $3,038,000 after buying an additional 339 shares in the last quarter. Green Valley Investors LLC lifted its holdings in shares of Costco Wholesale by 0.5% in the 4th quarter. Green Valley Investors LLC now owns 183,100 shares of the retailer’s stock worth $34,079,000 after purchasing an additional 997 shares in the last quarter. Truewealth LLC bought a new position in shares of Costco Wholesale in the 4th quarter worth $402,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Costco Wholesale by 4.1% in the 4th quarter. Parallel Advisors LLC now owns 11,681 shares of the retailer’s stock worth $2,174,000 after purchasing an additional 459 shares in the last quarter. Hedge funds and other institutional investors own 72.78% of the company’s stock.
In other news, insider Daniel M. Hines sold 5,000 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $188.62, for a total transaction of $943,100.00. Following the completion of the sale, the insider now directly owns 30,853 shares of the company’s stock, valued at approximately $5,819,492.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $187.23, for a total value of $561,690.00. Following the sale, the director now directly owns 8,654 shares of the company’s stock, valued at $1,620,288.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 106,859 shares of company stock valued at $20,176,650. Insiders own 0.74% of the company’s stock.
A number of equities analysts recently issued reports on the company. Vetr upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 target price on the stock in a report on Thursday, January 4th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $200.00 target price on shares of Costco Wholesale in a report on Monday, December 4th. Argus increased their target price on Costco Wholesale to $200.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Oppenheimer increased their target price on Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Finally, Stifel Nicolaus increased their target price on Costco Wholesale from $179.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 30th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $190.76.
Shares of COST stock opened at $180.84 on Friday. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $199.88. The stock has a market capitalization of $80,146.13, a price-to-earnings ratio of 26.95, a PEG ratio of 2.76 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 earnings results 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). Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. The business had revenue of $33 billion for the quarter, compared to analysts’ expectations of $32.73 billion. During the same period in the prior year, the business earned $1.17 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. sell-side analysts predict that Costco Wholesale Co. will post 6.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, February 15th. Costco Wholesale’s dividend payout ratio is presently 29.81%.
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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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