Modera Wealth Management LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 26.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,650 shares of the retailer’s stock after buying an additional 345 shares during the period. Modera Wealth Management LLC’s holdings in Costco Wholesale were worth $307,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC boosted its stake in Costco Wholesale by 3,005.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock worth $668,630,000 after purchasing an additional 4,046,164 shares in the last quarter. Jennison Associates LLC boosted its stake in Costco Wholesale by 86.3% in the 4th quarter. Jennison Associates LLC now owns 6,611,043 shares of the retailer’s stock worth $1,230,447,000 after purchasing an additional 3,062,864 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Costco Wholesale by 2,114.9% in the 4th quarter. Fisher Asset Management LLC now owns 2,326,481 shares of the retailer’s stock worth $433,005,000 after purchasing an additional 2,221,445 shares in the last quarter. Capital World Investors boosted its stake in Costco Wholesale by 6.0% in the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after purchasing an additional 1,007,720 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Costco Wholesale by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after buying an additional 937,121 shares during the last quarter. Hedge funds and other institutional investors own 70.87% of the company’s stock.
A number of brokerages have weighed in on COST. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a research report on Thursday, November 30th. Susquehanna Bancshares boosted their target price on Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a research report on Friday, December 15th. Barclays reissued a “buy” rating and issued a $208.00 target price on shares of Costco Wholesale in a research report on Tuesday, December 19th. Argus boosted their target price on Costco Wholesale to $200.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $200.00 target price (up previously from $185.00) on shares of Costco Wholesale in a research report on Friday, December 15th. Ten investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $190.18.
Shares of Costco Wholesale Co. (NASDAQ COST) opened at $190.10 on Wednesday. Costco Wholesale Co. has a 52-week low of $150.00 and a 52-week high of $199.88. The company has a market cap of $84,664.01, a PE ratio of 30.22, a PEG ratio of 3.15 and a beta of 0.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a net margin of 2.05% and a return on equity of 25.45%. The firm had revenue of $31.81 billion during the quarter, compared to analyst estimates of $31.01 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. sell-side analysts expect that Costco Wholesale Co. will post 6.71 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, February 15th. Costco Wholesale’s payout ratio is currently 31.80%.
COPYRIGHT VIOLATION NOTICE: This article was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/3227583/modera-wealth-management-llc-increases-stake-in-costco-wholesale-co-cost.html.
Costco Wholesale Company Profile
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.
Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.