Honeywell International Inc. lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 262,000 shares of the retailer’s stock after selling 76,800 shares during the period. Costco Wholesale accounts for about 1.6% of Honeywell International Inc.’s investment portfolio, making the stock its 14th biggest holding. Honeywell International Inc. owned approximately 0.06% of Costco Wholesale worth $48,763,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. AXA lifted its stake in shares of Costco Wholesale by 1.9% in the 3rd quarter. AXA now owns 704,782 shares of the retailer’s stock valued at $115,788,000 after purchasing an additional 13,404 shares during the last quarter. State of Wisconsin Investment Board lifted its position in Costco Wholesale by 3.2% during the 3rd quarter. State of Wisconsin Investment Board now owns 511,728 shares of the retailer’s stock worth $84,072,000 after acquiring an additional 16,066 shares during the last quarter. Synovus Financial Corp lifted its position in Costco Wholesale by 40.3% during the 3rd quarter. Synovus Financial Corp now owns 21,611 shares of the retailer’s stock worth $3,542,000 after acquiring an additional 6,211 shares during the last quarter. KCS Wealth Advisory acquired a new position in Costco Wholesale during the 4th quarter worth $1,110,000. Finally, Moors & Cabot Inc. lifted its position in Costco Wholesale by 167.6% during the 2nd quarter. Moors & Cabot Inc. now owns 17,278 shares of the retailer’s stock worth $2,763,000 after acquiring an additional 10,821 shares during the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.
COST has been the subject of a number of research analyst reports. Robert W. Baird reissued a “buy” rating on shares of Costco Wholesale in a research report on Friday, November 17th. Moffett Nathanson initiated coverage on shares of Costco Wholesale in a research report on Monday, December 4th. They set a “buy” rating for the company. < JPMorgan Chase & Co. reissued a "buy" rating and set a $200.00 target price on shares of Costco Wholesale in a research report on Monday, December 4th. Oppenheimer reissued a "buy" rating on shares of Costco Wholesale in a research report on Thursday, November 30th. Finally, Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $179.00 to $185.00 and gave the stock a "buy" rating in a research 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. Costco Wholesale has a consensus rating of "Buy" and a consensus price target of $190.76.
Shares of Costco Wholesale Co. (COST) opened at $187.46 on Wednesday. The firm has a market cap of $83,111.27, a PE ratio of 30.25, a P/E/G ratio of 3.05 and a beta of 0.97. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $199.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44.
Costco Wholesale (NASDAQ:COST) last posted its earnings results on Wednesday, March 7th. The retailer reported $1.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.03). The business had revenue of $33 billion during the quarter, compared to the consensus estimate of $32.73 billion. Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 EPS. equities analysts expect that Costco Wholesale Co. will post 6.81 EPS for the current year.
The firm also recently announced 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 yield of 1.07%. Costco Wholesale’s payout ratio is currently 29.81%.
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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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