JJJ Advisors Inc. grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 32.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 425 shares of the retailer’s stock after purchasing an additional 103 shares during the quarter. JJJ Advisors Inc.’s holdings in Costco Wholesale were worth $150,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of COST. Norges Bank bought a new stake in shares of Costco Wholesale in the fourth quarter valued at $1,784,019,000. Morgan Stanley raised its position in shares of Costco Wholesale by 40.3% in the fourth quarter. Morgan Stanley now owns 7,084,438 shares of the retailer’s stock worth $2,669,275,000 after buying an additional 2,034,871 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Costco Wholesale by 10.3% during the 4th quarter. Nuveen Asset Management LLC now owns 4,212,988 shares of the retailer’s stock valued at $1,587,370,000 after acquiring an additional 394,660 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Costco Wholesale by 1,411.9% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 416,145 shares of the retailer’s stock worth $156,795,000 after buying an additional 388,621 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Costco Wholesale by 8.1% in the fourth quarter. Alliancebernstein L.P. now owns 3,800,017 shares of the retailer’s stock valued at $1,431,770,000 after acquiring an additional 283,963 shares during the last quarter. 67.21% of the stock is currently owned by institutional investors and hedge funds.
COST has been the subject of several analyst reports. Loop Capital dropped their target price on Costco Wholesale from $425.00 to $380.00 and set a “buy” rating for the company in a report on Friday, March 5th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft increased their price target on Costco Wholesale from $344.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, April 14th. DA Davidson dropped their price objective on shares of Costco Wholesale from $390.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, March 11th. Citigroup dropped their target price on Costco Wholesale from $380.00 to $360.00 and set a “neutral” rating for the company in a research report on Thursday, March 11th. Finally, The Goldman Sachs Group boosted their price objective on shares of Costco Wholesale from $377.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, April 14th. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $387.42.
Shares of COST traded down $1.09 during trading hours on Tuesday, hitting $378.23. 27,129 shares of the company were exchanged, compared to its average volume of 2,805,326. The firm’s 50 day moving average is $356.61 and its 200-day moving average is $361.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.53 and a current ratio of 0.98. Costco Wholesale Co. has a 52 week low of $293.84 and a 52 week high of $393.15. The company has a market cap of $167.38 billion, a PE ratio of 38.94, a PEG ratio of 4.17 and a beta of 0.66.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Wednesday, March 3rd. The retailer reported $2.14 EPS for the quarter, missing the Zacks’ consensus estimate of $2.45 by ($0.31). Costco Wholesale had a net margin of 2.50% and a return on equity of 24.50%. The firm had revenue of $44.77 billion during the quarter, compared to the consensus estimate of $43.71 billion. During the same period in the prior year, the business earned $2.10 EPS. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, equities analysts forecast that Costco Wholesale Co. will post 9.95 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 14th. Stockholders of record on Friday, April 30th will be paid a $0.79 dividend. The ex-dividend date is Thursday, April 29th. This is a positive change from Costco Wholesale’s previous quarterly dividend of $0.70. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.84%. Costco Wholesale’s payout ratio is presently 35.71%.
Costco Wholesale Profile
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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