Mountain Pacific Investment Advisers Inc. ID cut its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,085 shares of the retailer’s stock after selling 300 shares during the period. Mountain Pacific Investment Advisers Inc. ID’s holdings in Costco Wholesale were worth $2,808,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in COST. Janus Henderson Group PLC raised its stake in shares of Costco Wholesale by 3,005.9% in the second quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock worth $668,630,000 after acquiring an additional 4,046,164 shares during the last quarter. Capital World Investors grew its position in shares of Costco Wholesale by 6.0% during the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after buying an additional 1,007,720 shares during the period. Vanguard Group Inc. grew its position in shares of Costco Wholesale by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after buying an additional 937,121 shares during the period. Bank of New York Mellon Corp grew its position in shares of Costco Wholesale by 14.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock worth $1,118,138,000 after buying an additional 858,969 shares during the period. Finally, BlackRock Inc. grew its position in shares of Costco Wholesale by 2.9% during the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after buying an additional 703,825 shares during the period. 72.27% of the stock is owned by institutional investors.
Several equities research analysts have recently commented on the stock. Oppenheimer reiterated a “buy” rating on shares of Costco Wholesale in a research report on Thursday, November 30th. Susquehanna Bancshares lifted their price target on shares of Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a research report on Friday, December 15th. Barclays reiterated a “buy” rating and set a $208.00 price target on shares of Costco Wholesale in a research report on Tuesday, December 19th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price target for the company in a research report on Friday, January 12th. Finally, Telsey Advisory Group lifted their price target on shares of Costco Wholesale from $186.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, December 15th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Costco Wholesale has a consensus rating of “Buy” and an average target price of $189.97.
Costco Wholesale Co. (NASDAQ:COST) opened at $178.61 on Friday. The stock has a market cap of $80,439.81, a P/E ratio of 30.48, a P/E/G ratio of 2.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $199.88.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.01. The firm had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.24 earnings per share. equities analysts forecast that Costco Wholesale Co. will post 6.71 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors 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 1.12%. The ex-dividend date of this dividend is Thursday, February 15th. Costco Wholesale’s dividend payout ratio is currently 31.80%.
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About Costco Wholesale
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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