Sumitomo Life Insurance Co. boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,743 shares of the retailer’s stock after acquiring an additional 654 shares during the period. Sumitomo Life Insurance Co.’s holdings in Costco Wholesale were worth $4,627,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of COST. Ferris Capital LLC boosted its holdings in Costco Wholesale by 1.0% during the fourth quarter. Ferris Capital LLC now owns 6,786 shares of the retailer’s stock valued at $1,995,000 after purchasing an additional 67 shares in the last quarter. Advisor Partners LLC boosted its holdings in Costco Wholesale by 18.8% during the fourth quarter. Advisor Partners LLC now owns 17,055 shares of the retailer’s stock valued at $5,130,000 after purchasing an additional 2,702 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Costco Wholesale during the fourth quarter valued at approximately $266,000. Hollencrest Capital Management boosted its holdings in Costco Wholesale by 4.3% during the fourth quarter. Hollencrest Capital Management now owns 7,523 shares of the retailer’s stock valued at $2,212,000 after purchasing an additional 309 shares in the last quarter. Finally, Chapman Investment Management LLC acquired a new stake in Costco Wholesale during the fourth quarter valued at approximately $6,158,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.
A number of equities research analysts have weighed in on the company. Robert W. Baird set a $325.00 price objective on Costco Wholesale and gave the company a “buy” rating in a report on Tuesday, October 8th. Wells Fargo & Co lifted their price objective on Costco Wholesale from $290.00 to $300.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Deutsche Bank reaffirmed a “hold” rating and set a $288.00 price objective (up from $286.00) on shares of Costco Wholesale in a report on Friday, December 13th. BidaskClub raised Costco Wholesale from a “sell” rating to a “hold” rating in a report on Friday, January 10th. Finally, Bank of America lifted their price objective on Costco Wholesale from $310.00 to $320.00 and gave the company a “buy” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $302.05.
Shares of COST traded down $3.27 on Friday, hitting $309.61. The company’s stock had a trading volume of 1,107,012 shares, compared to its average volume of 1,831,837. The company has a market capitalization of $137.78 billion, a PE ratio of 36.73, a PEG ratio of 4.47 and a beta of 0.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.49. Costco Wholesale Co. has a fifty-two week low of $205.75 and a fifty-two week high of $313.56. The company has a 50 day moving average price of $296.71 and a 200 day moving average price of $291.09.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, December 12th. The retailer reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.02. Costco Wholesale had a net margin of 2.42% and a return on equity of 24.22%. The firm had revenue of $37.04 billion during the quarter, compared to analysts’ expectations of $37.40 billion. During the same quarter in the previous year, the company posted $1.61 EPS. Costco Wholesale’s revenue was up 5.6% on a year-over-year basis. On average, equities analysts forecast that Costco Wholesale Co. will post 8.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.84%. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.75%.
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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