Toronto Dominion Bank grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 27.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 239,827 shares of the retailer’s stock after buying an additional 51,097 shares during the period. Toronto Dominion Bank’s holdings in Costco Wholesale were worth $45,179,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. CENTRAL TRUST Co boosted its position in shares of Costco Wholesale by 1.0% during the fourth quarter. CENTRAL TRUST Co now owns 26,520 shares of the retailer’s stock valued at $4,936,000 after purchasing an additional 265 shares in the last quarter. Fiduciary Trust Co. boosted its position in shares of Costco Wholesale by 3.0% during the fourth quarter. Fiduciary Trust Co. now owns 9,116 shares of the retailer’s stock valued at $1,696,000 after purchasing an additional 265 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Costco Wholesale by 2.1% during the first quarter. Gamco Investors INC. ET AL now owns 13,065 shares of the retailer’s stock valued at $2,462,000 after purchasing an additional 265 shares in the last quarter. Boston Financial Mangement LLC boosted its position in shares of Costco Wholesale by 0.3% during the fourth quarter. Boston Financial Mangement LLC now owns 107,714 shares of the retailer’s stock valued at $20,048,000 after purchasing an additional 288 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of Costco Wholesale by 2.2% during the fourth quarter. Fulton Bank N.A. now owns 13,566 shares of the retailer’s stock valued at $2,525,000 after purchasing an additional 290 shares in the last quarter. 71.49% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the company. Loop Capital assumed coverage on Costco Wholesale in a research report on Wednesday, May 16th. They set a “buy” rating and a $224.00 price target on the stock. BMO Capital Markets set a $223.00 price target on Costco Wholesale and gave the company a “buy” rating in a research report on Wednesday, January 24th. Vetr lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 price target on the stock. in a research report on Tuesday, February 20th. Wells Fargo & Co upgraded Costco Wholesale from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $191.42 to $188.91 in a research report on Monday, April 16th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $205.00 price target (down from $209.00) on shares of Costco Wholesale in a research report on Thursday, March 8th. Eight research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $193.37.
Shares of Costco Wholesale opened at $198.10 on Thursday, MarketBeat reports. The firm has a market cap of $87.31 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 2.81 and a beta of 0.95. 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 1 year low of $150.00 and a 1 year high of $201.77.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Wednesday, March 7th. The retailer reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.03). The business had revenue of $33 billion for the quarter, compared to the consensus estimate of $32.73 billion. Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 earnings per share. research analysts predict that Costco Wholesale Co. will post 6.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, May 11th will be issued a dividend of $0.57 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.50. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, May 10th. Costco Wholesale’s dividend payout ratio is presently 39.18%.
In related news, VP Timothy L. Rose sold 17,000 shares of the company’s stock in a transaction on 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 $6,468,572.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $191.31, for a total value of $573,930.00. Following the sale, the director now owns 8,654 shares of the company’s stock, valued at approximately $1,655,596.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,067 shares of company stock worth $11,700,142. Corporate insiders own 0.74% of the company’s stock.
Costco Wholesale Company Profile
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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