Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Costco Wholesale Co. (NASDAQ: COST – Get Rating) by 0.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 36,936 shares of the retailer’s stock after purchasing an additional 144 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Costco Wholesale were worth $ 21,270,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of COST. Ford Financial Group LLC increased its holdings in Costco Wholesale by 2.4% in the 1st quarter. Ford Financial Group LLC now owns 821 shares of the retailer’s stock valued at $ 472,000 after purchasing an additional 19 shares in the last quarter. Tempus Wealth Planning LLC boosted its position in Costco Wholesale by 1.0% in the 4th quarter. Tempus Wealth Planning LLC now owns 1,962 shares of the retailer’s stock valued at $ 1,114,000 after buying an additional 20 shares during the last quarter. Palisades Hudson Asset Management LP boosted its position in Costco Wholesale by 1.4% in the 4th quarter. Palisades Hudson Asset Management LP now owns 1,468 shares of the retailer’s stock valued at $ 833,000 after buying an additional 20 shares during the last quarter. Smith Salley & Associates boosted its position in Costco Wholesale by 0.5% in the 4th quarter. Smith Salley & Associates now owns 3,861 shares of the retailer’s stock valued at $ 2,192,000 after buying an additional 20 shares during the last quarter. Finally, Vaughan David Investments LLC IL boosted its position in Costco Wholesale by 1.0% in the 4th quarter. Vaughan David Investments LLC IL now owns 2,032 shares of the retailer’s stock valued at $ 1,154,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 67.52% of the company stock.
Shares of NASDAQ: COST opened at $ 481.75 on Tuesday. The firm’s 50 day moving average is $ 490.07 and its two-hundred day moving average is $ 521.10. Costco Wholesale Co. has a 52 week low of $ 393.13 and a 52 week high of $ 612.27. The firm has a market capitalization of $ 213.40 billion, a P / E ratio of 37.93, a PEG ratio of 4.05 and a beta of 0.71. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 0.32.
Costco Wholesale (NASDAQ: COST – Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The retailer reported $ 3.04 EPS for the quarter, beating 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 company had revenue of $ 52.60 billion for the quarter, compared to analyst estimates of $ 51.49 billion. During the same quarter last year, the business earned $ 2.75 earnings per share. Costco Wholesale’s revenue was up 18.5% compared to the same quarter last year. Analysts predict that Costco Wholesale Co. will post 13.02 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, April 29th were paid a $ 0.90 dividend. The ex-dividend date of this dividend was Thursday, April 28th. This represents a $ 3.60 annualized dividend and a dividend yield of 0.75%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $ 0.79. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.35%.
A number of equities analysts have weighed in on COST shares. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday. Credit Suisse Group decreased their price objective on shares of Costco Wholesale from $ 570.00 to $ 550.00 and set a “neutral” rating for the company in a research report on Friday, May 27th. Evercore ISI upped their price objective on shares of Costco Wholesale from $ 605.00 to $ 610.00 in a research report on Thursday, April 7th. Telsey Advisory Group decreased their price objective on shares of Costco Wholesale from $ 615.00 to $ 590.00 and set an “outperform” rating for the company in a research report on Friday, May 27th. Finally, Robert W. Baird reduced 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 report on Friday, May 27th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $ 569.56.
In related news, EVP Claudine Adamo sold 500 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $ 602.03, for a total transaction of $ 301,015.00. Following the transaction, the executive vice president now owns 9,939 shares in the company, valued at $ 5,983,576.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel M. Hines sold 4,498 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 13,108 shares in the company, valued at approximately $ 7,904,124. The disclosure for this sale can be found here. Insiders sold 7,498 shares of company stock worth $ 4,173,309 in the last 90 days. 0.22% of the stock is owned by company insiders.
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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