Strategic Wealth Management Group LLC acquired a new stake in Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,031 shares of the retailer’s stock, valued at approximately $210,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Costco Wholesale by 55,048.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,504,928 shares of the retailer’s stock valued at $1,292,998,000 after buying an additional 5,494,946 shares in the last quarter. AQR Capital Management LLC grew its holdings in Costco Wholesale by 258.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,125,078 shares of the retailer’s stock valued at $499,138,000 after buying an additional 1,532,770 shares in the last quarter. FMR LLC grew its holdings in Costco Wholesale by 13.5% in the 2nd quarter. FMR LLC now owns 10,570,895 shares of the retailer’s stock valued at $2,209,107,000 after buying an additional 1,256,873 shares in the last quarter. Capital World Investors grew its holdings in Costco Wholesale by 12.0% in the 3rd quarter. Capital World Investors now owns 9,908,138 shares of the retailer’s stock valued at $2,327,223,000 after buying an additional 1,064,167 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Costco Wholesale by 3.4% in the 3rd quarter. BlackRock Inc. now owns 28,041,444 shares of the retailer’s stock valued at $6,586,376,000 after buying an additional 919,651 shares in the last quarter. 70.77% of the stock is owned by hedge funds and other institutional investors.
COST traded down $1.30 during mid-day trading on Friday, hitting $207.75. 1,960,352 shares of the stock were exchanged, compared to its average volume of 2,040,109. Costco Wholesale Co. has a 1-year low of $175.79 and a 1-year high of $245.16. The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48. The firm has a market cap of $91.51 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 2.72 and a beta of 0.94.
Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, December 13th. The retailer reported $1.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.01). Costco Wholesale had a return on equity of 24.54% and a net margin of 2.25%. The firm had revenue of $34.31 billion for the quarter, compared to analyst estimates of $34.66 billion. During the same period in the previous year, the company posted $1.45 EPS. Costco Wholesale’s revenue was up 10.3% on a year-over-year basis. On average, research analysts forecast that Costco Wholesale Co. will post 7.65 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Friday, February 8th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, February 7th. Costco Wholesale’s payout ratio is 33.38%.
In other Costco Wholesale news, Director Susan L. Decker sold 739 shares of the stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $205.00, for a total value of $151,495.00. Following the sale, the director now owns 52,249 shares of the company’s stock, valued at approximately $10,711,045. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Decker sold 1,611 shares of the firm’s stock in a transaction dated Friday, January 4th. The stock was sold at an average price of $206.15, for a total value of $332,107.65. Following the sale, the director now directly owns 51,389 shares in the company, valued at approximately $10,593,842.35. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.
Several analysts have issued reports on the company. Telsey Advisory Group restated an “outperform” rating on shares of Costco Wholesale in a report on Thursday, January 24th. BidaskClub cut Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Friday, January 25th. TheStreet cut Costco Wholesale from an “a” rating to a “c” rating in a report on Wednesday, January 16th. Wells Fargo & Co reiterated a “hold” rating on shares of Costco Wholesale in a report on Friday, January 11th. Finally, Barclays reiterated a “hold” rating and set a $225.00 price target on shares of Costco Wholesale in a report on Wednesday, January 9th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $242.15.
About Costco Wholesale
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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