Costco Wholesale Co. (COST) Holdings Trimmed by Sarasin & Partners LLP

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Sarasin & Partners LLP reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 701,314 shares of the retailer’s stock after selling 35,055 shares during the quarter. Costco Wholesale accounts for approximately 3.1% of Sarasin & Partners LLP’s portfolio, making the stock its 11th largest holding. Sarasin & Partners LLP’s holdings in Costco Wholesale were worth $142,865,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of COST. Lenox Wealth Management Inc. lifted its stake in shares of Costco Wholesale by 125.9% during the fourth quarter. Lenox Wealth Management Inc. now owns 122 shares of the retailer’s stock valued at $25,000 after buying an additional 68 shares during the period. Csenge Advisory Group purchased a new position in shares of Costco Wholesale during the third quarter valued at approximately $29,000. Essex Investment Management Co. LLC purchased a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $37,000. Mackey Komara & Dankovich LLC purchased a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $41,000. Finally, Evolution Wealth Advisors LLC purchased a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $41,000. Institutional investors own 71.07% of the company’s stock.

In other news, VP Richard A. Galanti sold 4,188 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $230.47, for a total value of $965,208.36. Following the completion of the sale, the vice president now owns 30,082 shares of the company’s stock, valued at $6,932,998.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan L. Decker sold 1,611 shares of the stock in a transaction on Friday, January 4th. The stock was sold at an average price of $206.15, for a total transaction of $332,107.65. Following the completion of the sale, the director now directly owns 51,389 shares of the company’s stock, valued at approximately $10,593,842.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,587 shares of company stock worth $1,924,179. 0.21% of the stock is currently owned by insiders.

COST has been the topic of several recent analyst reports. TheStreet downgraded shares of Costco Wholesale from an “a” rating to a “c” rating in a research note on Wednesday, January 16th. Bank of America reissued a “buy” rating and set a $255.00 price objective on shares of Costco Wholesale in a research note on Friday, December 14th. Wells Fargo & Co reduced their price objective on shares of Costco Wholesale from $235.00 to $220.00 and set a “market perform” rating on the stock in a research note on Friday, December 14th. They noted that the move was a valuation call. Citigroup downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $257.00 to $238.00 in a research note on Monday, December 3rd. Finally, BidaskClub downgraded shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 25th. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Costco Wholesale currently has an average rating of “Buy” and an average price target of $242.80.

NASDAQ:COST opened at $239.54 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. The company has a market cap of $104.24 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 3.38 and a beta of 0.94. Costco Wholesale Co. has a fifty-two week low of $180.83 and a fifty-two week high of $245.16.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 7th. The retailer reported $2.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.34. The company had revenue of $35.40 billion for the quarter. Costco Wholesale had a net margin of 2.34% and a return on equity of 25.53%. During the same period in the prior year, the business earned $1.59 EPS. On average, equities analysts predict that Costco Wholesale Co. will post 7.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Friday, February 8th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Thursday, February 7th. Costco Wholesale’s dividend payout ratio is currently 33.38%.

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Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

Further Reading: What is a Backdoor Roth IRA?

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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