Costco Wholesale Co. (COST) Holdings Cut by Hosking Partners LLP

Hosking Partners LLP reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 528,268 shares of the retailer’s stock after selling 62,615 shares during the quarter. Costco Wholesale accounts for 3.1% of Hosking Partners LLP’s portfolio, making the stock its 5th largest position. Hosking Partners LLP owned about 0.12% of Costco Wholesale worth $107,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. ETRADE Capital Management LLC increased its stake in shares of Costco Wholesale by 1.8% in the fourth quarter. ETRADE Capital Management LLC now owns 4,417 shares of the retailer’s stock valued at $900,000 after buying an additional 80 shares in the last quarter. GAM Holding AG increased its stake in shares of Costco Wholesale by 1.3% in the fourth quarter. GAM Holding AG now owns 7,528 shares of the retailer’s stock valued at $1,534,000 after buying an additional 96 shares in the last quarter. AdvisorNet Financial Inc increased its stake in shares of Costco Wholesale by 4.0% in the fourth quarter. AdvisorNet Financial Inc now owns 11,810 shares of the retailer’s stock valued at $2,406,000 after buying an additional 457 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Costco Wholesale by 4.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,756,586 shares of the retailer’s stock valued at $561,543,000 after buying an additional 117,887 shares in the last quarter. Finally, Hallmark Capital Management Inc. increased its stake in shares of Costco Wholesale by 34.3% in the fourth quarter. Hallmark Capital Management Inc. now owns 1,565 shares of the retailer’s stock valued at $319,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Shares of COST stock opened at $233.84 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.46. The stock has a market capitalization of $102.62 billion, a P/E ratio of 34.24, a PEG ratio of 3.12 and a beta of 0.94. Costco Wholesale Co. has a 12 month low of $180.83 and a 12 month high of $245.16.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, March 7th. The retailer reported $2.01 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.34. The firm had revenue of $35.40 billion during the quarter. Costco Wholesale had a return on equity of 25.53% and a net margin of 2.34%. During the same quarter in the previous year, the business earned $1.59 earnings per share. Equities analysts anticipate that Costco Wholesale Co. will post 7.86 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Friday, February 8th were given a $0.57 dividend. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $2.28 dividend on an annualized basis and a yield of 0.98%. Costco Wholesale’s payout ratio is 33.38%.

In other Costco Wholesale news, Director Susan L. Decker sold 2,049 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $232.00, for a total transaction of $475,368.00. Following the transaction, the director now owns 48,589 shares in the company, valued at $11,272,648. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Susan L. Decker sold 739 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $205.00, for a total value of $151,495.00. Following the transaction, the director now owns 52,249 shares in the company, valued at approximately $10,711,045. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,587 shares of company stock valued at $1,924,179. Corporate insiders own 0.21% of the company’s stock.

A number of analysts have recently weighed in on COST shares. Raymond James raised their target price on Costco Wholesale from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. TheStreet lowered Costco Wholesale from an “a” rating to a “c” rating in a research note on Wednesday, January 16th. Telsey Advisory Group restated an “outperform” rating on shares of Costco Wholesale in a research note on Thursday, January 24th. Wells Fargo & Co restated a “hold” rating on shares of Costco Wholesale in a research note on Friday, January 11th. Finally, Morgan Stanley set a $220.00 target price on Costco Wholesale and gave the company a “hold” rating in a research note on Friday, March 8th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $242.56.

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Costco Wholesale Profile

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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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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