CRA Financial Services LLC boosted its position in shares of Costco Wholesale Co. (NASDAQ: COST – Get Rating) by 13.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,352 shares of the retailer’s stock after purchasing an additional 157 shares during the quarter. CRA Financial Services LLC’s holdings in Costco Wholesale were worth $ 779,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of COST. Norges Bank acquired a new position in Costco Wholesale during the fourth quarter valued at approximately $ 2,323,746,000. State Street Corp grew its holdings in Costco Wholesale by 10.2% during the fourth quarter. State Street Corp now owns 18,301,225 shares of the retailer’s stock valued at $ 10,389,605,000 after purchasing an additional 1,697,920 shares during the period. BlackRock Inc. lifted its stake in Costco Wholesale by 3.1% in the fourth quarter. BlackRock Inc. now owns 31,078,322 shares of the retailer’s stock valued at $ 17,643,166,000 after buying an additional 944,199 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Costco Wholesale in the fourth quarter valued at approximately $ 202,327,000. Finally, ProShare Advisors LLC lifted its stake in Costco Wholesale by 56.0% in the fourth quarter. ProShare Advisors LLC now owns 819,712 shares of the retailer’s stock valued at $ 465,350,000 after buying an additional 294,118 shares in the last quarter. Hedge funds and other institutional investors own 67.52% of the company stock.
NASDAQ COST opened at $ 484.37 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average price is $ 492.08 and its two-hundred day moving average price is $ 521.67. Costco Wholesale Co. has a 1 year low of $ 391.25 and a 1 year high of $ 612.27. The firm has a market capitalization of $ 214.56 billion, a P / E ratio of 38.14, a price-to-earnings-growth ratio of 4.05 and a beta of 0.71.
Costco Wholesale (NASDAQ: COST – Get Rating) last posted its quarterly earnings results on Thursday, May 26th. The retailer reported $ 3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 3.03 by $ 0.01. Costco Wholesale had a net margin of 2.60% and a return on equity of 29.71%. The firm had revenue of $ 52.60 billion for the quarter, compared to analyst estimates of $ 51.49 billion. During the same period in the prior year, the firm posted $ 2.75 earnings per share. The company quarterly revenue was up 18.5% compared to the same quarter last year. On average, research analysts anticipate that Costco Wholesale Co. will post 13.02 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, April 29th were issued a $ 0.90 dividend. This is an increase from Costco Wholesale’s previous quarterly dividend of $ 0.79. This represents a $ 3.60 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Thursday, April 28th. Costco Wholesale’s payout ratio is currently 28.35%.
In other Costco Wholesale news, VP Timothy L. Rose sold 4,000 shares of the company stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $ 566.29, for a total value of $ 2,265,160.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel M. Hines sold 4,498 shares of the company stock in a transaction on Friday, April 8th. The shares were sold at an average price of $ 603.00, for a total transaction of $ 2,712,294.00. Following the completion of the transaction, the insider now owns 13,108 shares in the company, valued at $ 7,904,124. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,498 shares of company stock worth $ 6,438,469. Corporate insiders own 0.22% of the company stock.
A number of brokerages have weighed in on COST. Stifel Nicolaus lifted their price target on shares of Costco Wholesale from $ 555.00 to $ 565.00 in a research note on Thursday, May 5th. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday. Raymond James cut their price target on shares of Costco Wholesale from $ 645.00 to $ 560.00 in a research note on Tuesday, May 31st. Robert W. Baird cut their price target on shares of Costco Wholesale from $ 600.00 to $ 560.00 and set an “outperform” rating on the stock in a research note on Friday, May 27th. Finally, Loop Capital cut their price target on shares of Costco Wholesale from $ 650.00 to $ 610.00 and set a “buy” rating on the stock in a research note on Friday, May 27th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $ 569.56.
Costco Wholesale Company Profile: (Get Rating)
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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