Winslow Evans & Crocker Inc. lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 19,142 shares of the retailer’s stock after acquiring an additional 474 shares during the period. Costco Wholesale accounts for approximately 1.1% of Winslow Evans & Crocker Inc.’s holdings, making the stock its 15th biggest position. Winslow Evans & Crocker Inc.’s holdings in Costco Wholesale were worth $3,563,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Almanack Investment Partners LLC. acquired a new stake in Costco Wholesale during the 2nd quarter worth approximately $101,000. Wealthcare Advisory Partners LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth approximately $102,000. Jacobus Wealth Management Inc. acquired a new stake in Costco Wholesale during the 3rd quarter worth approximately $103,000. Shamrock Asset Management LLC lifted its position in Costco Wholesale by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after acquiring an additional 418 shares during the period. Finally, Zions Bancorporation lifted its position in Costco Wholesale by 148.4% during the 3rd quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock worth $113,000 after acquiring an additional 411 shares during the period. 72.27% of the stock is owned by hedge funds and other institutional investors.
In other Costco Wholesale news, VP Timothy L. Rose sold 5,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $193.20, for a total transaction of $966,000.00. Following the sale, the vice president now owns 52,529 shares in the company, valued at approximately $10,148,602.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard A. Galanti sold 3,000 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $170.95, for a total value of $512,850.00. Following the sale, the chief financial officer now owns 35,225 shares in the company, valued at approximately $6,021,713.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,296 shares of company stock worth $19,323,086. 0.74% of the stock is owned by insiders.
Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. The firm had revenue of $31.81 billion for the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. Costco Wholesale’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 EPS. equities research analysts forecast that Costco Wholesale Co. will post 6.71 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, February 15th. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.80%.
A number of analysts have weighed in on the company. Vetr raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price objective for the company in a research report on Monday. BMO Capital Markets set a $223.00 target price on Costco Wholesale and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 target price for the company in a research note on Friday, January 12th. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 target price on shares of Costco Wholesale in a research note on Friday, January 12th. Finally, Oppenheimer increased their target price on Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $189.97.
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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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