Mn Services Vermogensbeheer B.V. grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,679 shares of the retailer’s stock after buying an additional 400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Costco Wholesale were worth $12,941,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of COST. CENTRAL TRUST Co grew its stake in shares of Costco Wholesale by 1.0% in the fourth quarter. CENTRAL TRUST Co now owns 26,520 shares of the retailer’s stock worth $4,936,000 after purchasing an additional 265 shares during the last quarter. Fiduciary Trust Co. grew its stake in shares of Costco Wholesale by 3.0% in the fourth quarter. Fiduciary Trust Co. now owns 9,116 shares of the retailer’s stock worth $1,696,000 after purchasing an additional 265 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Costco Wholesale by 2.1% in the first quarter. Gamco Investors INC. ET AL now owns 13,065 shares of the retailer’s stock worth $2,462,000 after purchasing an additional 265 shares during the last quarter. Boston Financial Mangement LLC grew its stake in shares of Costco Wholesale by 0.3% in the fourth quarter. Boston Financial Mangement LLC now owns 107,714 shares of the retailer’s stock worth $20,048,000 after purchasing an additional 288 shares during the last quarter. Finally, Fulton Bank N.A. grew its stake in shares of Costco Wholesale by 2.2% in the fourth quarter. Fulton Bank N.A. now owns 13,566 shares of the retailer’s stock worth $2,525,000 after purchasing an additional 290 shares during the last quarter. 71.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ COST opened at $198.36 on Friday. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $201.77. The stock has a market cap of $87.04 billion, a PE ratio of 34.08, a P/E/G ratio of 2.80 and a beta of 0.95. The company has a current ratio of 1.00, a quick ratio of 0.44 and a debt-to-equity ratio of 0.54.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 earnings per share 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 company had revenue of $33 billion for the quarter, compared to analyst estimates of $32.73 billion. During the same quarter in the prior year, the company posted $1.17 EPS. Costco Wholesale’s revenue for the quarter was up 10.8% on a year-over-year basis. equities analysts anticipate that Costco Wholesale Co. will post 6.77 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Friday, May 11th were issued a dividend of $0.57 per share. The ex-dividend date was Thursday, May 10th. This represents a $2.28 annualized dividend and a dividend yield of 1.15%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $0.50. Costco Wholesale’s dividend payout ratio is currently 39.18%.
COST has been the topic of several analyst reports. Vetr raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price objective on the stock in a research note on Monday, February 5th. Argus boosted their price objective on shares of Costco Wholesale to $200.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $205.00 price objective (down previously from $209.00) on shares of Costco Wholesale in a research note on Thursday, March 8th. BidaskClub cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 9th. Finally, Wells Fargo & Co raised shares of Costco Wholesale from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $191.42 to $188.91 in a research note on Monday, April 16th. Eight investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $193.37.
In other news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $191.31, for a total transaction of $573,930.00. Following the transaction, the director now owns 8,654 shares in the company, valued at $1,655,596.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul G. Moulton sold 11,674 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $188.98, for a total transaction of $2,206,152.52. Following the transaction, the vice president now owns 33,573 shares in the company, valued at approximately $6,344,625.54. The disclosure for this sale can be found here. Insiders have sold 62,067 shares of company stock worth $11,700,142 in the last quarter. Company insiders own 0.74% of the company’s stock.
Costco Wholesale 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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