Wetherby Asset Management Inc. grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,073 shares of the retailer’s stock after buying an additional 608 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Costco Wholesale were worth $2,247,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Costco Wholesale by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after purchasing an additional 937,121 shares during the period. BlackRock Inc. raised its position in Costco Wholesale by 2.9% in the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after purchasing an additional 703,825 shares during the period. Capital World Investors raised its position in Costco Wholesale by 6.0% in the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after purchasing an additional 1,007,720 shares during the period. Capital Research Global Investors raised its position in Costco Wholesale by 2.3% in the 2nd quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock worth $1,484,350,000 after purchasing an additional 207,675 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Costco Wholesale by 14.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock worth $1,118,138,000 after purchasing an additional 858,969 shares during the period. Hedge funds and other institutional investors own 72.79% of the company’s stock.
A number of analysts recently weighed in on the stock. BidaskClub lowered shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Friday. Royal Bank of Canada restated an “outperform” rating and issued a $205.00 target price (down from $209.00) on shares of Costco Wholesale in a research note on Thursday. Vetr downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 target price on the stock. in a research note on Tuesday, February 20th. Argus upped their target price on shares of Costco Wholesale to $200.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, BMO Capital Markets set a $223.00 target price on shares of Costco Wholesale and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $190.76.
Costco Wholesale Co. (NASDAQ COST) opened at $188.85 on Monday. 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 one year low of $150.00 and a one year high of $199.88. The stock has a market cap of $82,860.00, a P/E ratio of 28.83, a PEG ratio of 3.04 and a beta of 0.97.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.03). Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. The business had revenue of $33 billion for the quarter, compared to the consensus estimate of $32.73 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. Costco Wholesale’s revenue for the quarter was up 10.8% on a year-over-year basis. analysts predict that Costco Wholesale Co. will post 6.8 EPS for the current year.
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 $0.50 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.00 annualized dividend and a yield of 1.06%. Costco Wholesale’s dividend payout ratio (DPR) is 30.58%.
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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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