FDx Advisors Inc. cut its position in Costco Wholesale Co. (NASDAQ:COST) by 23.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,932 shares of the retailer’s stock after selling 3,631 shares during the period. FDx Advisors Inc.’s holdings in Costco Wholesale were worth $2,221,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. AXA lifted its position in shares of Costco Wholesale by 1.9% during the third quarter. AXA now owns 704,782 shares of the retailer’s stock worth $115,788,000 after purchasing an additional 13,404 shares in the last quarter. State of Wisconsin Investment Board lifted its position in shares of Costco Wholesale by 3.2% during the third quarter. State of Wisconsin Investment Board now owns 511,728 shares of the retailer’s stock worth $84,072,000 after purchasing an additional 16,066 shares in the last quarter. Synovus Financial Corp lifted its position in shares of Costco Wholesale by 40.3% during the third quarter. Synovus Financial Corp now owns 21,611 shares of the retailer’s stock worth $3,542,000 after purchasing an additional 6,211 shares in the last quarter. KCS Wealth Advisory acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $1,110,000. Finally, Moors & Cabot Inc. lifted its holdings in Costco Wholesale by 167.6% in the second quarter. Moors & Cabot Inc. now owns 17,278 shares of the retailer’s stock valued at $2,763,000 after buying an additional 10,821 shares during the period. Hedge funds and other institutional investors own 72.79% of the company’s stock.
Shares of Costco Wholesale Co. (COST) opened at $187.46 on Wednesday. Costco Wholesale Co. has a 12 month low of $150.00 and a 12 month high of $199.88. 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 company has a market cap of $83,111.27, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 3.05 and a beta of 0.97.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, February 15th. Costco Wholesale’s dividend payout ratio is 29.81%.
In other news, insider Daniel M. Hines sold 5,000 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $188.62, for a total transaction of $943,100.00. Following the completion of the sale, the insider now owns 30,853 shares of the company’s stock, valued at $5,819,492.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $187.23, for a total transaction of $561,690.00. Following the sale, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $1,620,288.42. The disclosure for this sale can be found here. Insiders have sold 119,859 shares of company stock valued at $22,789,730 in the last three months. 0.58% of the stock is owned by insiders.
Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Friday, March 9th. Royal Bank of Canada restated an “outperform” rating and issued a $205.00 price objective (down from $209.00) on shares of Costco Wholesale in a report on Thursday, March 8th. Vetr lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 price objective on the stock. in a report on Tuesday, February 20th. Argus increased their price objective on shares of Costco Wholesale to $200.00 and gave the company a “buy” rating in a report on Monday, February 12th. Finally, BMO Capital Markets set a $223.00 price objective on shares of Costco Wholesale and gave the company a “buy” rating in a report on Wednesday, January 24th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Costco Wholesale has a consensus rating of “Buy” and an average price target of $190.76.
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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