Cidel Asset Management Inc. decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 101,711 shares of the retailer’s stock after selling 344 shares during the period. Cidel Asset Management Inc.’s holdings in Costco Wholesale were worth $18,930,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. Almanack Investment Partners LLC. acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at $101,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at $102,000. Jacobus Wealth Management Inc. acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at $103,000. Shamrock Asset Management LLC grew its holdings in shares of Costco Wholesale by 171.3% in the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after buying an additional 418 shares during the period. Finally, Zions Bancorporation grew its holdings in shares of Costco Wholesale by 148.4% in the 3rd quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock valued at $113,000 after buying an additional 411 shares during the period. Institutional investors own 71.88% of the company’s stock.
Costco Wholesale Co. (COST) opened at $188.58 on Friday. Costco Wholesale Co. has a one year low of $150.00 and a one year high of $199.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.43 and a current ratio of 1.00. The company has a market cap of $81,496.19, a PE ratio of 29.66, a PEG ratio of 3.03 and a beta of 0.97.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.06%. Costco Wholesale’s dividend payout ratio is 29.81%.
Several equities analysts have recently issued reports on the stock. BidaskClub lowered shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Friday. Royal Bank of Canada reissued an “outperform” rating and issued a $205.00 price target (down previously from $209.00) on shares of Costco Wholesale in a report on Thursday. Tigress Financial reissued a “buy” rating on shares of Costco Wholesale in a report on Friday, January 5th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price target for the company in a report on Friday, January 12th. Finally, Vetr lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 price target for the company. in a report on Tuesday, February 20th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $190.76.
In other news, VP Timothy L. Rose sold 17,000 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $185.33, for a total transaction of $3,150,610.00. Following the completion of the transaction, the vice president now directly owns 34,903 shares in the company, valued at approximately $6,468,572.99. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Timothy L. Rose sold 5,000 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $193.20, for a total transaction of $966,000.00. Following the transaction, the vice president now owns 52,529 shares of the company’s stock, valued at $10,148,602.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,185 shares of company stock valued at $20,583,577. Company insiders own 0.74% of the company’s stock.
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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.
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