Costco Wholesale Co. (COST) Position Cut by Private Advisor Group LLC

Private Advisor Group LLC lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,640 shares of the retailer’s stock after selling 806 shares during the period. Private Advisor Group LLC’s holdings in Costco Wholesale were worth $5,427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Costco Wholesale by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 35,457,639 shares of the retailer’s stock valued at $8,328,292,000 after acquiring an additional 158,722 shares during the last quarter. Vanguard Group Inc lifted its holdings in Costco Wholesale by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 35,457,639 shares of the retailer’s stock valued at $8,328,292,000 after acquiring an additional 158,722 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Costco Wholesale by 20,897.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,652,688 shares of the retailer’s stock valued at $165,000 after acquiring an additional 33,492,419 shares during the last quarter. BlackRock Inc. lifted its holdings in Costco Wholesale by 2.6% in the 4th quarter. BlackRock Inc. now owns 28,778,155 shares of the retailer’s stock valued at $5,862,398,000 after acquiring an additional 736,711 shares during the last quarter. Finally, FMR LLC lifted its holdings in Costco Wholesale by 0.5% in the 3rd quarter. FMR LLC now owns 10,618,916 shares of the retailer’s stock valued at $2,494,171,000 after acquiring an additional 48,021 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

In other Costco Wholesale news, Director Susan L. Decker sold 2,049 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is available at the SEC website. Also, VP Richard A. Galanti sold 4,188 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $230.47, for a total value of $965,208.36. Following the transaction, the vice president now owns 30,082 shares in the company, valued at approximately $6,932,998.54. The disclosure for this sale can be found here. Insiders sold 8,587 shares of company stock worth $1,924,179 in the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

NASDAQ:COST opened at $233.84 on Friday. Costco Wholesale Co. has a 52 week low of $180.83 and a 52 week high of $245.16. The company 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. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.96.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, March 7th. The retailer reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.34. Costco Wholesale had a return on equity of 25.53% and a net margin of 2.34%. The firm had revenue of $35.40 billion for the quarter. During the same quarter in the prior year, the company posted $1.59 EPS. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 7.86 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Friday, February 8th were issued 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 dividend payout ratio is currently 33.38%.

A number of analysts have commented on COST shares. Citigroup reduced their price objective on shares of Costco Wholesale from $257.00 to $238.00 and set a “neutral” rating for the company in a research note on Sunday, December 9th. BidaskClub raised shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Wells Fargo & Co reduced their price objective on shares of Costco Wholesale from $235.00 to $220.00 and set a “market perform” rating for the company in a research note on Friday, December 14th. They noted that the move was a valuation call. Oppenheimer reduced their price objective on shares of Costco Wholesale from $262.00 to $240.00 in a research note on Friday, December 14th. Finally, Morgan Stanley set a $220.00 price objective on shares of Costco Wholesale and gave the company a “hold” rating in a research note on Friday, March 8th. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $242.56.

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Costco Wholesale Company 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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