Arrowstreet Capital Limited Partnership purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,900 shares of the retailer’s stock, valued at approximately $2,773,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Wealthcare Advisory Partners LLC acquired a new position in Costco Wholesale during the third quarter valued at approximately $102,000. Jacobus Wealth Management Inc. acquired a new position in Costco Wholesale during the third quarter valued at approximately $103,000. Shamrock Asset Management LLC lifted its position in Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after buying an additional 418 shares in the last quarter. Zions Bancorporation lifted its position in Costco Wholesale by 148.4% during the third quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock valued at $113,000 after buying an additional 411 shares in the last quarter. Finally, Trustcore Financial Services LLC acquired a new position in Costco Wholesale during the fourth quarter valued at approximately $128,000. 72.79% of the stock is currently owned by institutional investors and hedge funds.
Shares of Costco Wholesale Co. (NASDAQ:COST) opened at $189.37 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The stock has a market cap of $83,110.00, a price-to-earnings ratio of 28.96, a P/E/G ratio of 3.04 and a beta of 0.97. 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. Investors 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 dividend on an annualized basis and a dividend yield of 1.06%. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.58%.
In related news, insider Daniel M. Hines sold 5,000 shares of Costco Wholesale stock in a transaction on Monday, January 8th. The shares were sold at an average price of $188.62, for a total value of $943,100.00. Following the completion of the sale, the insider now owns 30,853 shares in the company, valued at $5,819,492.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Timothy L. Rose sold 17,000 shares of Costco Wholesale stock in a transaction on Friday, March 9th. The stock was sold at an average price of $185.33, for a total transaction of $3,150,610.00. Following the completion of the sale, the vice president now 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. In the last 90 days, insiders sold 108,185 shares of company stock valued at $20,583,577. Insiders own 0.58% of the company’s stock.
A number of research analysts have weighed in on COST shares. Robert W. Baird reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Friday, November 17th. Guggenheim reaffirmed a “hold” rating on shares of Costco Wholesale in a research report on Wednesday, November 22nd. Stifel Nicolaus lifted their price target on shares of Costco Wholesale from $179.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Thursday, November 30th. Finally, Vetr cut shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price target on the stock. in a research report on Friday, December 1st. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $190.76.
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Costco Wholesale 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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