Signaturefd LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 62.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,355 shares of the retailer’s stock after acquiring an additional 909 shares during the quarter. Signaturefd LLC’s holdings in Costco Wholesale were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of COST. Wealthcare Advisory Partners LLC acquired a new position in Costco Wholesale in the 3rd quarter worth $102,000. Jacobus Wealth Management Inc. acquired a new position in Costco Wholesale in the 3rd quarter worth $103,000. Assetmark Inc. lifted its holdings in Costco Wholesale by 137.0% in the 4th quarter. Assetmark Inc. now owns 564 shares of the retailer’s stock worth $105,000 after buying an additional 326 shares in the last quarter. Shamrock Asset Management LLC lifted its holdings in Costco Wholesale by 171.3% in the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after buying an additional 418 shares in the last quarter. Finally, Zions Bancorporation lifted its holdings in Costco Wholesale by 148.4% in the 3rd quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock worth $113,000 after buying an additional 411 shares in the last quarter. Institutional investors and hedge funds own 72.78% of the company’s stock.
Shares of COST stock opened at $180.84 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.44 and a current ratio of 1.00. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year high of $199.88. The firm has a market cap of $80,146.13, a PE ratio of 26.95, a P/E/G ratio of 2.76 and a beta of 0.97.
The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, February 15th. Costco Wholesale’s payout ratio is 29.81%.
COST has been the subject of several research analyst reports. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $179.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a research report on Thursday, November 30th. Vetr downgraded shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 target price for the company. in a research report on Friday, December 1st. JPMorgan Chase & Co. reissued a “buy” rating and issued a $200.00 target price on shares of Costco Wholesale in a research report on Monday, December 4th. Finally, Moffett Nathanson initiated coverage on shares of Costco Wholesale in a research report on Monday, December 4th. They issued a “buy” rating for the company. < Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. Costco Wholesale currently has a consensus rating of "Buy" and a consensus price target of $190.76.
In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $193.41, for a total transaction of $580,230.00. Following the completion of the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $1,673,770.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy L. Rose sold 12,000 shares of the business’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $184.46, for a total transaction of $2,213,520.00. Following the transaction, the vice president now directly owns 22,903 shares of the company’s stock, valued at $4,224,687.38. The disclosure for this sale can be found here. Insiders have sold a total of 106,859 shares of company stock valued at $20,176,650 over the last three months. 0.74% of the stock is currently owned by company insiders.
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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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