Girard Securities Inc. reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,496 shares of the retailer’s stock after selling 75 shares during the period. Girard Securities Inc.’s holdings in Costco Wholesale were worth $240,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. Garde Capital Inc. increased its position in Costco Wholesale by 233.2% in the third quarter. Garde Capital Inc. now owns 10,361 shares of the retailer’s stock worth $1,498,000 after buying an additional 7,251 shares in the last quarter. Vista Capital Partners Inc. increased its position in Costco Wholesale by 19.9% in the third quarter. Vista Capital Partners Inc. now owns 1,956 shares of the retailer’s stock worth $298,000 after buying an additional 324 shares in the last quarter. Creative Planning increased its position in Costco Wholesale by 13.5% in the third quarter. Creative Planning now owns 58,888 shares of the retailer’s stock worth $8,981,000 after buying an additional 7,008 shares in the last quarter. First United Bank Trust increased its position in Costco Wholesale by 6.5% in the third quarter. First United Bank Trust now owns 2,368 shares of the retailer’s stock worth $361,000 after buying an additional 145 shares in the last quarter. Finally, Reilly Herbert Faulkner III increased its position in Costco Wholesale by 5.5% in the third quarter. Reilly Herbert Faulkner III now owns 24,529 shares of the retailer’s stock worth $3,741,000 after buying an additional 1,280 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.
Costco Wholesale Co. (NASDAQ:COST) opened at 167.44 on Tuesday. The company’s 50 day moving average is $170.16 and its 200 day moving average is $158.44. The stock has a market cap of $73.50 billion, a PE ratio of 30.89 and a beta of 0.89. Costco Wholesale Co. has a one year low of $138.57 and a one year high of $178.71.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 2nd. The retailer reported $1.17 EPS for the quarter, missing the consensus estimate of $1.36 by $0.19. Costco Wholesale had a return on equity of 20.06% and a net margin of 2.02%. The firm had revenue of $29.77 billion for the quarter, compared to analyst estimates of $29.75 billion. During the same quarter last year, the firm earned $1.24 EPS. The company’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts expect that Costco Wholesale Co. will post $5.62 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 24th. Shareholders of record on Friday, February 10th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Wednesday, February 8th. Costco Wholesale’s dividend payout ratio (DPR) is presently 32.79%.
A number of equities 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 reiterated a “neutral” rating on shares of Costco Wholesale in a research note on Wednesday, November 30th. Deutsche Bank AG dropped their price objective on shares of Costco Wholesale from $195.00 to $194.00 and set a “buy” rating on the stock in a research note on Monday, December 5th. Barclays PLC reiterated an “equal weight” rating and set a $158.00 price objective on shares of Costco Wholesale in a research note on Friday, December 9th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $185.00 price objective (up from $175.00) on shares of Costco Wholesale in a research note on Thursday, January 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $178.69.
In other Costco Wholesale news, VP Dennis R. Zook sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $161.12, for a total transaction of $1,127,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy L. Rose sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $166.95, for a total transaction of $667,800.00. Following the transaction, the vice president now owns 44,049 shares of the company’s stock, valued at approximately $7,353,980.55. The disclosure for this sale can be found here. Insiders have sold a total of 51,017 shares of company stock valued at $8,350,408 in the last quarter. 0.74% of the stock is currently owned by company insiders.
Costco Wholesale 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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