Virtus Fund Advisers LLC reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 18.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,289 shares of the retailer’s stock after selling 16,136 shares during the period. Virtus Fund Advisers LLC’s holdings in Costco Wholesale were worth $13,268,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in COST. Wealthcare Advisory Partners LLC acquired a new position in Costco Wholesale during the 3rd quarter worth approximately $102,000. Jacobus Wealth Management Inc. acquired a new position in Costco Wholesale during the 3rd quarter worth approximately $103,000. Shamrock Asset Management LLC grew its holdings in Costco Wholesale by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after acquiring an additional 418 shares in the last quarter. Zions Bancorporation grew its holdings in Costco Wholesale by 148.4% during the 3rd quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock worth $113,000 after acquiring an additional 411 shares in the last quarter. Finally, Smithfield Trust Co. grew its holdings in Costco Wholesale by 150.2% during the 3rd quarter. Smithfield Trust Co. now owns 808 shares of the retailer’s stock worth $133,000 after acquiring an additional 485 shares in the last quarter. 72.79% of the stock is currently owned by hedge funds and other institutional investors.
Costco Wholesale Co. (COST) opened at $188.85 on Monday. The company has a market cap 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. 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 12-month low of $150.00 and a 12-month high of $199.88.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.06%. Costco Wholesale’s dividend payout ratio is presently 30.58%.
COST has been the subject of several research analyst reports. Robert W. Baird restated a “buy” rating on shares of Costco Wholesale in a report on Friday, November 17th. Moffett Nathanson initiated coverage on shares of Costco Wholesale in a report on Monday, December 4th. They issued a “buy” rating for the company. < JPMorgan Chase & Co. restated a "buy" rating and issued a $200.00 target price on shares of Costco Wholesale in a report on Monday, December 4th. Oppenheimer restated a "buy" rating on shares of Costco Wholesale in a report on Thursday, November 30th. Finally, Stifel Nicolaus upped their target price on shares of Costco Wholesale from $179.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, November 30th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of "Buy" and an average price target of $190.76.
In other news, VP Timothy L. Rose sold 5,000 shares of the stock in a transaction dated Monday, December 18th. The shares were 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 owns 52,529 shares in the company, valued at approximately $10,148,602.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard M. Libenson sold 20,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $756,484.57. The disclosure for this sale can be found here. Insiders sold a total of 108,185 shares of company stock valued at $20,583,577 in the last quarter. 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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