K.J. Harrison & Partners Inc decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 75.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,235 shares of the retailer’s stock after selling 7,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Costco Wholesale were worth $455,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Costco Wholesale by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 35,457,639 shares of the retailer’s stock worth $8,328,292,000 after acquiring an additional 158,722 shares during the period. Vanguard Group Inc boosted its stake in Costco Wholesale by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 35,457,639 shares of the retailer’s stock worth $8,328,292,000 after purchasing an additional 158,722 shares during the period. BlackRock Inc. boosted its stake in Costco Wholesale by 3.4% in the 3rd quarter. BlackRock Inc. now owns 28,041,444 shares of the retailer’s stock worth $6,586,376,000 after purchasing an additional 919,651 shares during the period. FMR LLC boosted its stake in Costco Wholesale by 0.5% in the 3rd quarter. FMR LLC now owns 10,618,916 shares of the retailer’s stock worth $2,494,171,000 after purchasing an additional 48,021 shares during the period. Finally, Capital World Investors boosted its stake in Costco Wholesale by 12.0% in the 3rd quarter. Capital World Investors now owns 9,908,138 shares of the retailer’s stock worth $2,327,223,000 after purchasing an additional 1,064,167 shares during the period. Institutional investors own 78.27% of the company’s stock.
Shares of NASDAQ COST opened at $208.72 on Tuesday. The stock has a market cap of $91.51 billion, a P/E ratio of 30.56, a PEG ratio of 2.72 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 1.02. Costco Wholesale Co. has a 1-year low of $180.05 and a 1-year high of $245.16.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, December 13th. The retailer reported $1.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.01). The firm had revenue of $34.31 billion for the quarter, compared to analysts’ expectations of $34.66 billion. Costco Wholesale had a net margin of 2.25% and a return on equity of 24.54%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 earnings per share. As a group, equities analysts expect that Costco Wholesale Co. will post 7.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Friday, February 8th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.09%. Costco Wholesale’s dividend payout ratio is 33.38%.
COST has been the subject of several analyst reports. TheStreet downgraded Costco Wholesale from an “a” rating to a “c” rating in a research note on Wednesday, January 16th. Bank of America restated a “buy” rating and issued a $255.00 target price on shares of Costco Wholesale in a research note on Friday, December 14th. Wells Fargo & Co cut their target price on Costco Wholesale from $235.00 to $220.00 and set a “market perform” rating for the company in a research note on Friday, December 14th. They noted that the move was a valuation call. Citigroup downgraded Costco Wholesale from a “buy” rating to a “neutral” rating and cut their target price for the stock from $257.00 to $238.00 in a research note on Monday, December 3rd. Finally, Oppenheimer dropped their price target on Costco Wholesale from $262.00 to $240.00 in a research report on Friday, December 14th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Costco Wholesale has a consensus rating of “Buy” and a consensus price target of $242.15.
In related news, Director Susan L. Decker sold 739 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $205.00, for a total transaction of $151,495.00. Following the transaction, the director now directly owns 52,249 shares of the company’s stock, valued at approximately $10,711,045. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan L. Decker sold 1,611 shares of Costco Wholesale stock in a transaction that occurred on Friday, January 4th. The stock was sold at an average price of $206.15, for a total value of $332,107.65. Following the completion of the transaction, the director now directly owns 51,389 shares in the company, valued at $10,593,842.35. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.
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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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