Costco Wholesale Co. (COST) Position Increased by Davis R M Inc.

Davis R M Inc. boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.8% during the 4th quarter, HoldingsChannel reports. The fund owned 112,709 shares of the retailer’s stock after buying an additional 840 shares during the period. Davis R M Inc.’s holdings in Costco Wholesale were worth $20,977,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Almanack Investment Partners LLC. acquired a new stake in shares of Costco Wholesale during the second quarter worth $101,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth $102,000. Jacobus Wealth Management Inc. acquired a new stake in shares of Costco Wholesale during the third quarter worth $103,000. Shamrock Asset Management LLC raised its holdings in shares of Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after purchasing an additional 418 shares during the period. Finally, Zions Bancorporation raised its holdings in shares of Costco Wholesale by 148.4% during the third quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock worth $113,000 after purchasing an additional 411 shares during the period. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Co. (NASDAQ:COST) opened at $190.99 on Friday. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $199.88. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a market cap of $83,864.85, a PE ratio of 31.78, a PEG ratio of 3.12 and a beta of 0.99.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The company had revenue of $31.81 billion during the quarter, compared to analyst estimates of $31.01 billion. During the same quarter last year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. sell-side analysts expect that Costco Wholesale Co. will post 6.71 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.05%. Costco Wholesale’s dividend payout ratio (DPR) is 31.80%.

In other Costco Wholesale news, VP Paul G. Moulton sold 4,381 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $168.16, for a total transaction of $736,708.96. Following the completion of the sale, the vice president now directly owns 52,858 shares of the company’s stock, valued at $8,888,601.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard A. Galanti sold 3,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $170.95, for a total transaction of $512,850.00. Following the sale, the chief financial officer now directly owns 35,225 shares of the company’s stock, valued at $6,021,713.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,677 shares of company stock valued at $20,059,795. Insiders own 0.74% of the company’s stock.

A number of brokerages have weighed in on COST. Vetr raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 target price on the stock in a report on Thursday, January 4th. Stifel Nicolaus reissued a “buy” rating and set a $173.00 target price on shares of Costco Wholesale in a report on Monday, October 9th. JPMorgan Chase & Co. restated a “buy” rating and set a $200.00 price target on shares of Costco Wholesale in a research report on Monday, December 4th. Bank of America restated a “buy” rating and set a $192.00 price target on shares of Costco Wholesale in a research report on Monday, October 9th. Finally, Oppenheimer upped their price target on shares of Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $189.20.

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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.

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).

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

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