Janus Henderson Group PLC reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,800,330 shares of the retailer’s stock after selling 172,479 shares during the quarter. Janus Henderson Group PLC owned 0.64% of Costco Wholesale worth $740,005,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Great Valley Advisor Group Inc. bought a new stake in Costco Wholesale during the second quarter worth $470,000. Regent Investment Management LLC raised its position in Costco Wholesale by 43.5% during the first quarter. Regent Investment Management LLC now owns 1,485 shares of the retailer’s stock worth $360,000 after acquiring an additional 450 shares in the last quarter. Beese Fulmer Investment Management Inc. bought a new stake in Costco Wholesale during the second quarter worth $4,462,000. Raymond James & Associates raised its position in Costco Wholesale by 8.5% during the first quarter. Raymond James & Associates now owns 467,707 shares of the retailer’s stock worth $113,252,000 after acquiring an additional 36,675 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in Costco Wholesale by 17.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 182,589 shares of the retailer’s stock worth $44,218,000 after acquiring an additional 27,026 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have issued reports on the stock. Evercore ISI reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Sunday, August 11th. Raymond James increased their price objective on shares of Costco Wholesale from $260.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Barclays set a $275.00 price objective on shares of Costco Wholesale and gave the company a “hold” rating in a research report on Monday, August 12th. Tigress Financial reissued a “buy” rating on shares of Costco Wholesale in a research report on Friday, June 28th. Finally, Robert W. Baird increased their price objective on shares of Costco Wholesale from $270.00 to $290.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Costco Wholesale presently has an average rating of “Buy” and an average price target of $266.04.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 30th. The retailer reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.06. The firm had revenue of $34.74 billion for the quarter, compared to the consensus estimate of $34.72 billion. Costco Wholesale had a net margin of 2.41% and a return on equity of 25.03%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 earnings per share. On average, sell-side analysts expect that Costco Wholesale Co. will post 8.04 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.88%. Costco Wholesale’s payout ratio is currently 38.07%.
In other news, Director Susan L. Decker sold 1,646 shares of Costco Wholesale stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $268.25, for a total value of $441,539.50. Following the completion of the sale, the director now owns 41,803 shares in the company, valued at approximately $11,213,654.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James C. Klauer sold 5,000 shares of Costco Wholesale stock in a transaction on Friday, June 7th. The shares were sold at an average price of $255.53, for a total transaction of $1,277,650.00. Following the completion of the sale, the insider now owns 48,310 shares of the company’s stock, valued at approximately $12,344,654.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,136 shares of company stock valued at $7,380,374. Company insiders own 0.21% of the company’s stock.
About Costco Wholesale
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.
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