Costco Wholesale Co. (COST) Holding Boosted by Davidson Kempner Capital Management LP

Costco Wholesale Co. (COST) Holding Boosted by Davidson Kempner Capital Management LP

Davidson Kempner Capital Management LP boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1,266.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 175,000 shares of the retailer’s stock after buying an additional 190,000 shares during the period. Costco Wholesale comprises 1.0% of Davidson Kempner Capital Management LP’s investment portfolio, making the stock its 23rd largest position. Davidson Kempner Capital Management LP’s holdings in Costco Wholesale were worth $28,018,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Alpha Windward LLC raised its stake in Costco Wholesale by 0.7% in the third quarter. Alpha Windward LLC now owns 1,332 shares of the retailer’s stock worth $203,000 after buying an additional 9 shares in the last quarter. Brighton Jones LLC raised its stake in Costco Wholesale by 0.3% in the third quarter. Brighton Jones LLC now owns 4,144 shares of the retailer’s stock worth $632,000 after buying an additional 11 shares in the last quarter. Marshall & Sullivan Inc. WA raised its stake in Costco Wholesale by 0.9% in the fourth quarter. Marshall & Sullivan Inc. WA now owns 1,580 shares of the retailer’s stock worth $253,000 after buying an additional 14 shares in the last quarter. Crawford Investment Counsel Inc. raised its stake in Costco Wholesale by 0.3% in the third quarter. Crawford Investment Counsel Inc. now owns 5,999 shares of the retailer’s stock worth $915,000 after buying an additional 19 shares in the last quarter. Finally, Reilly Financial Advisors LLC raised its stake in Costco Wholesale by 0.7% in the third quarter. Reilly Financial Advisors LLC now owns 3,435 shares of the retailer’s stock worth $524,000 after buying an additional 24 shares in the last quarter. Institutional investors own 73.12% of the company’s stock.

Shares of Costco Wholesale Co. (NASDAQ:COST) opened at 166.78 on Wednesday. The firm has a market cap of $73.21 billion, a P/E ratio of 30.77 and a beta of 0.89. Costco Wholesale Co. has a 12-month low of $138.57 and a 12-month high of $178.71. The company has a 50-day moving average of $170.22 and a 200 day moving average of $158.53.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, March 2nd. The retailer reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.36 by $0.19. Costco Wholesale had a net margin of 2.02% and a return on equity of 20.06%. The business earned $29.77 billion during the quarter, compared to the consensus estimate of $29.75 billion. During the same period in the prior year, the company posted $1.24 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. Equities analysts predict that Costco Wholesale Co. will post $5.63 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, February 10th were given a $0.45 dividend. The ex-dividend date was Wednesday, February 8th. This represents a $1.80 annualized dividend and a dividend yield of 1.08%. Costco Wholesale’s dividend payout ratio is 32.79%.

A number of analysts have recently issued reports on the stock. Wells Fargo & Co reiterated a “hold” rating on shares of Costco Wholesale in a research note on Saturday, March 4th. Guggenheim restated a “neutral” rating on shares of Costco Wholesale in a research note on Wednesday, November 30th. Deutsche Bank AG dropped their price target on shares of Costco Wholesale from $195.00 to $194.00 and set a “buy” rating for the company in a research note on Monday, December 5th. Barclays PLC restated an “equal weight” rating and issued a $158.00 price target on shares of Costco Wholesale in a research note on Friday, December 9th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $185.00 price target (up previously from $175.00) on shares of Costco Wholesale in a research note on Thursday, January 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $178.69.

In other news, Director James D. Sinegal sold 17,000 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $164.52, for a total value of $2,796,840.00. Following the completion of the sale, the director now directly owns 792,594 shares of the company’s stock, valued at $130,397,564.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David S. Petterson sold 700 shares of the stock in a transaction that occurred on Wednesday, December 28th. The shares were sold at an average price of $161.13, for a total value of $112,791.00. Following the completion of the sale, the insider now directly owns 20,926 shares of the company’s stock, valued at $3,371,806.38. The disclosure for this sale can be found here. Insiders sold 51,017 shares of company stock valued at $8,350,408 over the last three months. 0.74% of the stock is owned by company insiders.

About Costco Wholesale

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.

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).

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