Tilia Fiduciary Partners Inc. boosted its position in Costco Wholesale Co. (NASDAQ: COST – Get Rating) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,975 shares of the retailer’s stock after acquiring an additional 51 shares during the quarter. Costco Wholesale accounts for approximately 1.5% of Tilia Fiduciary Partners Inc.’s portfolio, making the stock its 13th largest holding. Tilia Fiduciary Partners Inc.’s holdings in Costco Wholesale were worth $ 1,713,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COST. Contravisory Investment Management Inc. bought a new position in shares of Costco Wholesale during the first quarter valued at about $ 26,000. Evolution Advisers Inc. bought a new position in shares of Costco Wholesale during the fourth quarter valued at about $ 28,000. Comprehensive Financial Consultants Institutional Inc. bought a new position in shares of Costco Wholesale during the fourth quarter valued at about $ 30,000. Mystic Asset Management Inc. bought a new position in shares of Costco Wholesale during the fourth quarter valued at about $ 40,000. Finally, AHL Investment Management Inc. bought a new position in shares of Costco Wholesale during the fourth quarter valued at about $ 43,000. 67.52% of the stock is currently owned by institutional investors and hedge funds.
COST stock opened at $ 485.67 on Monday. The firm has a 50 day moving average price of $ 492.08 and a 200-day moving average price of $ 521.65. 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 $ 215.13 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 4.05 and a beta of 0.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 1.04.
Costco Wholesale (NASDAQ: COST – Get Rating) last released its earnings results on Thursday, May 26th. The retailer reported $ 3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 3.03 by $ 0.01. The firm had revenue of $ 52.60 billion during the quarter, compared to analyst estimates of $ 51.49 billion. Costco Wholesale had a net margin of 2.60% and a return on equity of 29.71%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned $ 2.75 earnings per share. As a group, sell-side analysts forecast that Costco Wholesale Co. will post 13.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Friday, April 29th were given a dividend of $ 0.90 per share. The ex-dividend date was Thursday, April 28th. This represents a $ 3.60 annualized dividend and a dividend yield of 0.74%. This is an increase from Costco Wholesale’s previous quarterly dividend of $ 0.79. Costco Wholesale’s dividend payout ratio (DPR) is 28.35%.
In other news, Director Mary Agnes Wilderotter purchased 850 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, June 7th. The stock was bought at an average price of $ 470.74 per share, with a total value of $ 400,129.00. Following the completion of the transaction, the director now directly owns 11,295 shares of the company stock, valued at $ 5,317,008.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Claudine Adamo sold 500 shares of Costco Wholesale stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of $ 602.03, for a total transaction of $ 301,015.00. Following the completion of the sale, the executive vice president now directly owns 9,939 shares of the company stock, valued at approximately $ 5,983,576.17. The disclosure for this sale can be found here. Insiders have sold 11,498 shares of company stock valued at $ 6,438,469 in the last three months. 0.22% of the stock is owned by insiders.
A number of research analysts have recently issued reports on the company. Telsey Advisory Group reduced their price objective on Costco Wholesale from $ 615.00 to $ 590.00 and set an “outperform” rating on the stock in a research note on Friday, May 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $ 580.00 price objective on shares of Costco Wholesale in a research note on Monday, May 30th. Credit Suisse Group cut their target price on Costco Wholesale from $ 570.00 to $ 550.00 and set a “neutral” rating on the stock in a research note on Friday, May 27th. Jefferies Financial Group reissued a “buy” rating and issued a $ 580.00 target price (up from $ 560.00) on shares of Costco Wholesale in a research note on Thursday, June 2nd. Finally, Tigress Financial raised their target price on Costco Wholesale from $ 520.00 to $ 678.00 in a research note on Thursday, April 14th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company stock. According to data from MarketBeat.com, the stock 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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