Investors Asset Management of Georgia Inc. GA ADV maintained its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,700 shares of the retailer’s stock at the end of the first quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Costco Wholesale Corporation were worth $432,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Costco Wholesale Corporation during the fourth quarter valued at $553,367,000. Renaissance Technologies LLC boosted its position in shares of Costco Wholesale Corporation by 35.2% in the fourth quarter. Renaissance Technologies LLC now owns 2,819,713 shares of the retailer’s stock valued at $451,464,000 after buying an additional 733,500 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Costco Wholesale Corporation by 1,607.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 769,613 shares of the retailer’s stock valued at $123,279,000 after buying an additional 724,536 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Costco Wholesale Corporation during the fourth quarter valued at approximately $94,176,000. Finally, Analytic Investors LLC boosted its position in shares of Costco Wholesale Corporation by 114.8% in the third quarter. Analytic Investors LLC now owns 1,057,812 shares of the retailer’s stock valued at $161,327,000 after buying an additional 565,438 shares during the last quarter. 73.89% of the stock is owned by institutional investors and hedge funds.
Costco Wholesale Corporation (COST) traded down 1.66% on Monday, reaching $164.34. 13,809,043 shares of the company’s stock traded hands. The company has a market cap of $72.08 billion, a PE ratio of 28.53 and a beta of 0.96. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. The firm’s 50 day moving average price is $176.49 and its 200 day moving average price is $168.68. Costco Wholesale Corporation also was the target of unusually large options trading on Friday. Stock traders acquired 4,563 call options on the company. This represents an increase of approximately 643% compared to the typical daily volume of 614 call options.
Costco Wholesale Corporation (NASDAQ:COST) last released its earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The business had revenue of $28.86 billion for the quarter, compared to analyst estimates of $28.57 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Costco Wholesale Corporation will post $5.76 EPS for the current fiscal year.
The firm also recently announced a special dividend, which was paid on Friday, May 26th. Shareholders of record on Wednesday, May 10th were paid a $7.00 dividend. This is a positive change from Costco Wholesale Corporation’s previous special dividend of $0.45. The ex-dividend date was Wednesday, May 10th. This represents a yield of 1.13%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 34.66%.
COST has been the subject of several analyst reports. Cowen and Company set a $190.00 target price on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Friday, March 3rd. Credit Suisse Group set a $175.00 target price on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Sunday, March 5th. Jefferies Group LLC set a $156.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “hold” rating in a research report on Monday, March 6th. Citigroup Inc. upped their price objective on shares of Costco Wholesale Corporation from $184.00 to $196.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $185.00 price objective on shares of Costco Wholesale Corporation in a research report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $181.49.
In other Costco Wholesale Corporation news, insider John D. Mckay sold 3,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $181.60, for a total value of $544,800.00. Following the sale, the insider now owns 62,607 shares in the company, valued at $11,369,431.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP James P. Murphy sold 5,000 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $181.30, for a total value of $906,500.00. Following the transaction, the vice president now directly owns 48,845 shares in the company, valued at approximately $8,855,598.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,000 shares of company stock worth $18,992,900. Insiders own 0.74% of the company’s stock.
Costco Wholesale Corporation Company Profile
Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.
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