Aviva PLC lowered its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 314,569 shares of the retailer’s stock after selling 10,372 shares during the period. Aviva PLC owned about 0.07% of Costco Wholesale worth $73,886,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in COST. Lee Financial Co increased its position in shares of Costco Wholesale by 63.7% during the third quarter. Lee Financial Co now owns 555 shares of the retailer’s stock worth $130,000 after buying an additional 216 shares during the period. Joel Isaacson & Co. LLC increased its position in shares of Costco Wholesale by 14.0% during the third quarter. Joel Isaacson & Co. LLC now owns 1,787 shares of the retailer’s stock worth $420,000 after buying an additional 220 shares during the period. Telemus Capital LLC increased its position in shares of Costco Wholesale by 6.8% during the third quarter. Telemus Capital LLC now owns 3,499 shares of the retailer’s stock worth $822,000 after buying an additional 224 shares during the period. Cypress Capital Management LLC WY increased its position in shares of Costco Wholesale by 8.0% during the second quarter. Cypress Capital Management LLC WY now owns 3,055 shares of the retailer’s stock worth $638,000 after buying an additional 225 shares during the period. Finally, Northstar Asset Management LLC increased its position in shares of Costco Wholesale by 16.6% during the third quarter. Northstar Asset Management LLC now owns 1,586 shares of the retailer’s stock worth $373,000 after buying an additional 226 shares during the period. 71.82% of the stock is owned by hedge funds and other institutional investors.
In other Costco Wholesale news, VP Franz E. Lazarus sold 23,000 shares of the firm’s stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $226.76, for a total value of $5,215,480.00. Following the transaction, the vice president now directly owns 6,830 shares of the company’s stock, valued at $1,548,770.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Roland Michael Vachris sold 6,600 shares of the firm’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $225.88, for a total transaction of $1,490,808.00. Following the completion of the transaction, the vice president now directly owns 17,282 shares in the company, valued at $3,903,658.16. The disclosure for this sale can be found here. Insiders sold 64,312 shares of company stock worth $14,547,272 over the last ninety days. Insiders own 0.74% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. BMO Capital Markets set a $260.00 price objective on shares of Costco Wholesale and gave the stock a “buy” rating in a research report on Monday, September 10th. Loop Capital increased their price objective on shares of Costco Wholesale to $250.00 and gave the stock a “buy” rating in a research report on Thursday, August 9th. Bank of America set a $255.00 price target on shares of Costco Wholesale and gave the stock a “buy” rating in a report on Thursday, October 4th. Telsey Advisory Group raised their price target on shares of Costco Wholesale from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Tuesday, August 7th. Finally, BidaskClub cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 15th. Eight research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $237.94.
Costco Wholesale stock opened at $231.00 on Friday. Costco Wholesale Co. has a 1-year low of $173.54 and a 1-year high of $245.16. The firm has a market capitalization of $97.72 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.46 and a current ratio of 1.02.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 4th. The retailer reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.02. Costco Wholesale had a net margin of 2.21% and a return on equity of 24.67%. The firm had revenue of $44.41 billion for the quarter, compared to analyst estimates of $44.17 billion. During the same period last year, the firm earned $2.08 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts predict that Costco Wholesale Co. will post 7.68 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Friday, November 9th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, November 8th. Costco Wholesale’s dividend payout ratio (DPR) is 33.38%.
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About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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