Costco Wholesale Co. (NASDAQ:COST) Holdings Lowered by Abacus Planning Group Inc.

Abacus Planning Group Inc. trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,107 shares of the retailer’s stock after selling 25 shares during the quarter. Abacus Planning Group Inc.’s holdings in Costco Wholesale were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in COST. Fortune 45 LLC raised its holdings in shares of Costco Wholesale by 8.6% in the 1st quarter. Fortune 45 LLC now owns 696 shares of the retailer’s stock worth $401,000 after purchasing an additional 55 shares in the last quarter. Close Asset Management Ltd purchased a new position in shares of Costco Wholesale in the fourth quarter worth approximately $164,500,000. Poplar Forest Capital LLC increased its position in shares of Costco Wholesale by 5.2% in the fourth quarter. Poplar Forest Capital LLC now owns 526 shares of the retailer’s stock worth $299,000 after acquiring an additional 26 shares in the last quarter. Mitchell & Pahl Private Wealth LLC grew its position in Costco Wholesale by 6.2% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 1,599 shares of the retailer’s stock valued at $908,000 after purchasing an additional 93 shares in the last quarter. Finally, CHICAGO TRUST Co NA grew its position in Costco Wholesale by 3.6% during the first quarter. CHICAGO TRUST Co NA now owns 6,081 shares of the retailer’s stock valued at $3,502,000 after purchasing an additional 209 shares in the last quarter. Institutional investors own 67.52% of the company’s stock.

In related news, Director Mary Agnes Wilderotter acquired 850 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were acquired at an average price of $470.74 per share, with a total value of $400,129.00. Following the acquisition, the director now owns 11,295 shares of the company’s stock, valued at approximately $5,317,008.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 500 shares of the stock in a transaction dated Friday, April 8th. The stock was sold at an average price of $602.03, for a total value of $301,015.00. Following the sale, the executive vice president now directly owns 9,939 shares in the company, valued at approximately $5,983,576.17. The disclosure for this sale can be found here. Insiders have sold a total of 8,998 shares of company stock valued at $5,278,469 in the last quarter. 0.22% of the stock is owned by corporate insiders.

A number of brokerages recently commented on COST. Tigress Financial boosted their price objective on shares of Costco Wholesale from $520.00 to $678.00 in a research report on Thursday, April 14th. Robert W. Baird decreased their target price on shares of Costco Wholesale from $600.00 to $560.00 and set an “outperform” rating for the company in a research report on Friday, May 27th. Evercore ISI boosted their target price on shares of Costco Wholesale from $605.00 to $610.00 in a research report on Thursday, April 7th. 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 report on Thursday, June 2nd. Finally, Telsey Advisory Group decreased their target price 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. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $569.56.

Shares of NASDAQ:COST opened at $459.96 on Thursday. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. Costco Wholesale Co. has a twelve month low of $390.59 and a twelve month high of $612.27. The stock’s 50 day moving average is $496.50 and its 200-day moving average is $522.53. The firm has a market capitalization of $203.74 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 3.87 and a beta of 0.71.

Costco Wholesale (NASDAQ:COSTGet Rating) last announced 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. The business had revenue of $52.60 billion during the quarter, compared to the consensus estimate of $51.49 billion. Costco Wholesale had a return on equity of 29.71% and a net margin of 2.60%. Costco Wholesale’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.75 earnings per share. Equities research analysts anticipate 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. Stockholders of record on Friday, April 29th were paid a dividend of $0.90 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.79. The ex-dividend date was Thursday, April 28th. This represents a $3.60 annualized dividend and a dividend yield of 0.78%. Costco Wholesale’s dividend payout ratio is presently 28.35%.

About Costco Wholesale (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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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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