Squar Milner Financial Services LLC bought a new position in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,059 shares of the retailer’s stock, valued at approximately $210,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Costco Wholesale by 2.9% in the second 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 in the last quarter. BlackRock Inc. lifted its stake in shares of Costco Wholesale by 2.9% in the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after buying an additional 703,825 shares in the last quarter. Capital World Investors lifted its stake in shares of Costco Wholesale by 6.0% in the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after buying an additional 1,007,720 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Costco Wholesale by 2.3% in the second quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock worth $1,484,350,000 after buying an additional 207,675 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Costco Wholesale by 14.4% during the third quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock valued at $1,118,138,000 after purchasing an additional 858,969 shares during the last quarter. Hedge funds and other institutional investors own 71.88% of the company’s stock.
COST has been the subject of several research reports. Oppenheimer boosted their price objective on shares of Costco Wholesale from $180.00 to $210.00 and gave the company an “outperform” rating in a report on Monday, January 8th. BMO Capital Markets raised shares of Costco Wholesale from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $192.73 to $215.00 in a report on Monday, December 18th. JPMorgan Chase & Co. reissued a “buy” rating and set a $200.00 price objective on shares of Costco Wholesale in a report on Monday, December 4th. Morgan Stanley set a $175.00 price objective on shares of Costco Wholesale and gave the company a “hold” rating in a report on Friday, December 15th. Finally, Argus boosted their price objective on shares of Costco Wholesale to $200.00 and gave the company a “buy” rating in a report on Monday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $190.76.
Shares of Costco Wholesale Co. (COST) opened at $188.58 on Friday. Costco Wholesale Co. has a twelve month low of $150.00 and a twelve month high of $199.88. The company has a market cap of $81,496.19, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 3.03 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 0.43 and a debt-to-equity ratio of 0.54.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Wednesday, March 7th. The retailer reported $1.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.03). The firm had revenue of $33 billion during the quarter, compared to the consensus estimate of $32.73 billion. Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 earnings per share. equities research analysts predict that Costco Wholesale Co. will post 6.72 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were given a $0.50 dividend. 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 payout ratio is currently 29.81%.
Costco Wholesale 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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