Virtu Financial LLC cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 31.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,755 shares of the retailer’s stock after selling 3,592 shares during the quarter. Virtu Financial LLC’s holdings in Costco Wholesale were worth $1,443,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Wealthcare Advisory Partners LLC bought a new stake in shares of Costco Wholesale during the third quarter valued at approximately $102,000. Jacobus Wealth Management Inc. bought a new stake in shares of Costco Wholesale during the third quarter valued at approximately $103,000. Shamrock Asset Management LLC increased its position in shares of Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after purchasing an additional 418 shares during the period. Zions Bancorporation increased its position in shares of Costco Wholesale by 148.4% during the third quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock valued at $113,000 after purchasing an additional 411 shares during the period. Finally, Smithfield Trust Co. increased its position in shares of Costco Wholesale by 150.2% during the third quarter. Smithfield Trust Co. now owns 808 shares of the retailer’s stock valued at $133,000 after purchasing an additional 485 shares during the period. Institutional investors own 72.79% of the company’s stock.
Costco Wholesale Co. (NASDAQ:COST) opened at $188.85 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44. The company has a market capitalization of $82,860.00, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 3.04 and a beta of 0.97. Costco Wholesale Co. has a one year low of $150.00 and a one year high of $199.88.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, February 15th. Costco Wholesale’s dividend payout ratio is currently 30.58%.
COST has been the topic of a number of research reports. Robert W. Baird restated a “buy” rating on shares of Costco Wholesale in a research report on Friday, November 17th. Guggenheim restated a “hold” rating on shares of Costco Wholesale in a research report on Wednesday, November 22nd. Stifel Nicolaus boosted their price objective on Costco Wholesale from $179.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a research report on Thursday, November 30th. Finally, Vetr cut Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price objective on the stock. in a research report on Friday, December 1st. 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. Costco Wholesale presently has a consensus rating of “Buy” and a consensus target price of $190.76.
In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $193.41, for a total value of $580,230.00. Following the transaction, the director now owns 8,654 shares of the company’s stock, valued at $1,673,770.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Timothy L. Rose sold 5,000 shares of the business’s 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 completion of the transaction, the vice president now directly owns 52,529 shares in the company, valued at approximately $10,148,602.80. The disclosure for this sale can be found here. In the last three months, insiders sold 108,185 shares of company stock worth $20,583,577. Insiders own 0.58% of the company’s stock.
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About Costco Wholesale
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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