Wealthfront Inc. raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 14.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,394 shares of the retailer’s stock after purchasing an additional 2,846 shares during the quarter. Wealthfront Inc.’s holdings in Costco Wholesale were worth $4,168,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Janus Henderson Group PLC boosted its stake in shares of Costco Wholesale by 3,005.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock worth $668,630,000 after acquiring an additional 4,046,164 shares during the period. Jennison Associates LLC boosted its stake in shares of Costco Wholesale by 86.3% during the 4th quarter. Jennison Associates LLC now owns 6,611,043 shares of the retailer’s stock worth $1,230,447,000 after acquiring an additional 3,062,864 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Costco Wholesale by 2,114.9% during the 4th quarter. Fisher Asset Management LLC now owns 2,326,481 shares of the retailer’s stock worth $433,005,000 after acquiring an additional 2,221,445 shares during the period. Capital World Investors boosted its stake in shares of Costco Wholesale by 6.0% during the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after acquiring an additional 1,007,720 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Costco Wholesale by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after acquiring an additional 937,121 shares during the period. Hedge funds and other institutional investors own 72.79% of the company’s stock.
Costco Wholesale Co. (COST) opened at $188.85 on Monday. The firm has a market capitalization 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 quick ratio of 0.44, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week high of $199.88.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were issued a dividend of $0.50 per share. 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 (DPR) is currently 30.58%.
In other news, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $191.31, for a total transaction of $573,930.00. Following the completion of the transaction, the director now owns 8,654 shares of the company’s stock, valued at approximately $1,655,596.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy L. Rose sold 17,000 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $185.33, for a total value of $3,150,610.00. Following the transaction, the vice president now directly owns 34,903 shares of the company’s stock, valued at approximately $6,468,572.99. The disclosure for this sale can be found here. Insiders have sold a total of 108,185 shares of company stock valued at $20,583,577 in the last three months. 0.58% of the stock is owned by insiders.
Several analysts recently weighed in on the company. Vetr raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price target for the company in a report on Thursday, January 4th. JPMorgan Chase & Co. reissued a “buy” rating and set a $200.00 price target on shares of Costco Wholesale in a report on Monday, December 4th. Argus lifted their price target on Costco Wholesale to $200.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Oppenheimer lifted their price target on Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Finally, Guggenheim reissued a “hold” rating on shares of Costco Wholesale in a report on Wednesday, November 22nd. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Costco Wholesale currently has a consensus rating of “Buy” and an average price target of $190.76.
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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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