Honeywell International Inc. lowered its holdings in Costco Wholesale Co. (NASDAQ:COST) by 22.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 262,000 shares of the retailer’s stock after selling 76,800 shares during the quarter. Costco Wholesale accounts for about 1.6% of Honeywell International Inc.’s investment portfolio, making the stock its 14th biggest position. Honeywell International Inc.’s holdings in Costco Wholesale were worth $48,763,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. AXA grew its stake in Costco Wholesale by 1.9% during the third quarter. AXA now owns 704,782 shares of the retailer’s stock worth $115,788,000 after buying an additional 13,404 shares during the last quarter. State of Wisconsin Investment Board grew its stake in Costco Wholesale by 3.2% during the third quarter. State of Wisconsin Investment Board now owns 511,728 shares of the retailer’s stock worth $84,072,000 after buying an additional 16,066 shares during the last quarter. Synovus Financial Corp grew its stake in Costco Wholesale by 40.3% during the third quarter. Synovus Financial Corp now owns 21,611 shares of the retailer’s stock worth $3,542,000 after buying an additional 6,211 shares during the last quarter. KCS Wealth Advisory bought a new stake in Costco Wholesale during the fourth quarter worth about $1,110,000. Finally, Moors & Cabot Inc. grew its stake in Costco Wholesale by 167.6% during the second quarter. Moors & Cabot Inc. now owns 17,278 shares of the retailer’s stock worth $2,763,000 after buying an additional 10,821 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $187.23, for a total value of $561,690.00. Following the transaction, the director now directly owns 8,654 shares in the company, valued at $1,620,288.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard M. Libenson sold 20,000 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $193.03, for a total transaction of $3,860,600.00. Following the completion of the transaction, the director now owns 3,919 shares in the company, valued at $756,484.57. The disclosure for this sale can be found here. Insiders sold 119,859 shares of company stock worth $22,789,730 over the last 90 days. 0.58% of the stock is currently owned by company insiders.
Costco Wholesale Co. (NASDAQ:COST) opened at $187.46 on Wednesday. Costco Wholesale Co. has a twelve month low of $150.00 and a twelve month high of $199.88. The firm has a market cap of $83,111.27, a P/E ratio of 30.25, a P/E/G ratio of 3.05 and a beta of 0.97. The company has a quick ratio of 0.44, a current ratio of 1.00 and a debt-to-equity ratio of 0.54.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.03). Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. The business had revenue of $33 billion during the quarter, compared to analyst estimates of $32.73 billion. During the same quarter in the prior year, the company earned $1.17 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. equities analysts predict that Costco Wholesale Co. will post 6.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.00 annualized dividend and a yield of 1.07%. Costco Wholesale’s dividend payout ratio is currently 29.81%.
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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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