Costco Wholesale Co. (NASDAQ:COST) Holdings Decreased by Autus Asset Management LLC

Autus Asset Management LLC lessened its holdings in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 27.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,195 shares of the retailer’s stock after selling 10,919 shares during the quarter. Costco Wholesale comprises 2.5% of Autus Asset Management LLC’s portfolio, making the stock its 7th largest position. Autus Asset Management LLC’s holdings in Costco Wholesale were worth $16,812,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of COST. Norges Bank purchased a new position in Costco Wholesale in the fourth quarter worth about $2,323,746,000. State Street Corp increased its position in shares of 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 acquiring an additional 1,697,920 shares in the last quarter. BlackRock Inc. boosted its stake in Costco Wholesale by 3.1% during the 4th quarter. BlackRock Inc. now owns 31,078,322 shares of the retailer’s stock valued at $17,643,166,000 after purchasing an additional 944,199 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth $202,327,000. Finally, ProShare Advisors LLC raised its stake in shares of Costco Wholesale by 56.0% in the fourth quarter. ProShare Advisors LLC now owns 819,712 shares of the retailer’s stock worth $465,350,000 after purchasing an additional 294,118 shares during the last quarter. 67.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Costco Wholesale stock opened at $459.96 on Thursday. 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 Co. has a 12 month low of $390.59 and a 12 month high of $612.27. The stock has a 50 day moving average of $496.50 and a 200 day moving average of $522.53. The firm has a market cap of $203.74 billion, a PE 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 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 company had revenue of $52.60 billion for the quarter, compared to analysts’ expectations of $51.49 billion. During the same quarter in the previous year, the business posted $2.75 earnings per share. Costco Wholesale’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts forecast that Costco Wholesale Co. will post 13.02 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Friday, April 29th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 0.78%. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.79. The ex-dividend date was Thursday, April 28th. Costco Wholesale’s dividend payout ratio is currently 28.35%.

In other Costco Wholesale news, VP Timothy L. Rose sold 4,000 shares of Costco Wholesale stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $566.29, for a total transaction of $2,265,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Agnes Wilderotter acquired 850 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were purchased at an average price of $470.74 per share, for a total transaction of $400,129.00. Following the transaction, the director now directly owns 11,295 shares of the company’s stock, valued at $5,317,008.30. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 8,998 shares of company stock valued at $5,278,469. 0.22% of the stock is owned by insiders.

A number of brokerages have weighed in on COST. Tigress Financial boosted their target price on Costco Wholesale from $520.00 to $678.00 in a research report on Thursday, April 14th. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. The Goldman Sachs Group lifted their price objective on Costco Wholesale from $561.00 to $627.00 and gave the stock a “buy” rating in a 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, Credit Suisse Group reduced their price target 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. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $569.56.

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.

See Also

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

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