Orleans Capital Management Corp LA boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 594.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,880 shares of the retailer’s stock after purchasing an additional 11,880 shares during the quarter. Costco Wholesale makes up approximately 1.8% of Orleans Capital Management Corp LA’s holdings, making the stock its 24th biggest position. Orleans Capital Management Corp LA’s holdings in Costco Wholesale were worth $2,583,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Rhumbline Advisers boosted its position in shares of Costco Wholesale by 0.8% during the 4th quarter. Rhumbline Advisers now owns 795,811 shares of the retailer’s stock valued at $148,116,000 after acquiring an additional 6,649 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Costco Wholesale by 9.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 125,379 shares of the retailer’s stock valued at $23,336,000 after acquiring an additional 10,366 shares during the last quarter. HC Financial Advisors Inc. bought a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $856,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $1,301,000. Finally, Pinebridge Investments L.P. boosted its position in shares of Costco Wholesale by 1,036.3% during the 4th quarter. Pinebridge Investments L.P. now owns 3,477 shares of the retailer’s stock valued at $647,000 after acquiring an additional 3,171 shares during the last quarter. Institutional investors and hedge funds own 71.88% of the company’s stock.
Shares of Costco Wholesale Co. (COST) opened at $188.58 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.43. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $199.88. The firm has a market capitalization of $82,764.55, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 3.08 and a beta of 0.97.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were paid 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 yield of 1.06%. Costco Wholesale’s payout ratio is 29.81%.
In other Costco Wholesale news, VP Timothy L. Rose sold 5,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $193.20, for a total value of $966,000.00. Following the sale, the vice president now owns 52,529 shares in the company, valued at $10,148,602.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Timothy L. Rose sold 17,000 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $185.33, for a total value of $3,150,610.00. Following the completion of the sale, the vice president now owns 34,903 shares in the company, valued at approximately $6,468,572.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,185 shares of company stock worth $20,583,577. Insiders own 0.74% of the company’s stock.
A number of research analysts have recently commented on the company. BidaskClub downgraded Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Friday. Royal Bank of Canada reiterated an “outperform” rating and set a $205.00 target price (down from $209.00) on shares of Costco Wholesale in a research report on Thursday. Vetr downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 target price for the company. in a research report on Tuesday, February 20th. Argus increased their target price on Costco Wholesale to $200.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Finally, BMO Capital Markets set a $223.00 target price on Costco Wholesale and gave the company a “buy” rating in a research report on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $190.76.
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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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