TD Asset Management Inc. reduced its holdings in Costco Wholesale Co. (NASDAQ:COST – Get Rating) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 886,175 shares of the retailer's stock after selling 4,855 shares during the quarter. TD Asset Management Inc. owned 0.20% of Costco Wholesale worth $424,460,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of COST. United Bank boosted its position in Costco Wholesale by 9.2% during the first quarter. United Bank now owns 5,254 shares of the retailer's stock valued at $3,026,000 after purchasing an additional 444 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Costco Wholesale by 33.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 383,691 shares of the retailer's stock valued at $220,948,000 after buying an additional 96,566 shares during the last quarter. Covestor Ltd lifted its position in shares of Costco Wholesale by 87.1% in the first quarter. Covestor Ltd now owns 232 shares of the retailer's stock valued at $134,000 after buying an additional 108 shares during the last quarter. Bridgefront Capital LLC acquired a new stake in shares of Costco Wholesale in the first quarter valued at approximately $333,000. Finally, Next Century Growth Investors LLC lifted its position in shares of Costco Wholesale by 0.9% in the first quarter. Next Century Growth Investors LLC now owns 3,414 shares of the retailer's stock valued at $1,965,000 after buying an additional 30 shares during the last quarter. 66.03% of the stock is currently owned by institutional investors.
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Costco Wholesale Price Performance
Shares of NASDAQ COST opened at $503.29 on Friday. Costco Wholesale Co. has a twelve month low of $406.51 and a twelve month high of $612.27. The firm has a market cap of $223.32 billion, a P/E ratio of 38.04, a PEG ratio of 3.66 and a beta of 0.76. The company has a 50 day moving average of $485.07 and a 200 day moving average of $501.49. The company has a quick ratio of 0.47, a current ratio of 1.03 and a debt-to-equity ratio of 0.30.
Costco Wholesale (NASDAQ:COST – Get Rating) last announced its quarterly earnings data on Thursday, December 8th. The retailer reported $3.10 earnings per share for the quarter, missing analysts' consensus estimates of $3.14 by ($0.04). Costco Wholesale had a return on equity of 28.83% and a net
margin of 2.55%. The firm had revenue of $54.44 billion during the quarter, compared to analysts' expectations of $54.67 billion. As a group, research analysts expect that Costco Wholesale Co. will post 14.24 EPS for the current fiscal year.
Costco Wholesale Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, February 17th. Shareholders of record on Friday, February 3rd will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, February 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 0.72%. Costco Wholesale's dividend payout ratio is presently 27.21%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Telsey Advisory Group dropped their price target on Costco Wholesale from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, December 9th. UBS Group raised their price objective on Costco Wholesale from $565.00 to $600.00 and gave the company a "buy" rating in a report on Friday, January 6th. Bank of America cut their price objective on Costco Wholesale from $605.00 to $600.00 in a report on Thursday, December 1st. MKM Partners cut their target price on Costco Wholesale from $512.00 to $484.00 in a report on Friday, December 9th. Finally, Loop Capital cut their target price on Costco Wholesale from $565.00 to $545.00 in a report on Friday, December 9th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of "Moderate Buy" and an average price target of $553.78.
Insider Buying and Selling at Costco Wholesale
In other Costco Wholesale news, EVP Russell D. Miller sold 1,000 shares of the business's stock in a transaction on Friday, November 4th. The shares were sold at an average price of $483.58, for a total transaction of $483,580.00. Following the completion of the sale, the executive vice president now directly owns 11,593 shares in the company, valued at approximately $5,606,142.94. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Costco Wholesale news, EVP Russell D. Miller sold 1,000 shares of the business's stock in a transaction on Friday, November 4th. The shares were sold at an average price of $483.58, for a total transaction of $483,580.00. Following the completion of the sale, the executive vice president now directly owns 11,593 shares in the company, valued at approximately $5,606,142.94. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Susan L. Decker sold 952 shares of the company's stock in a transaction on Monday, December 12th. The stock was sold at an average price of $483.00, for a total value of $459,816.00. Following the completion of the sale, the director now owns 18,920 shares of the company's stock, valued at $9,138,360. The disclosure for this sale can be found here. Company insiders own 0.22% of the company's stock.
Costco Wholesale Company Profile
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Costco Wholesale Corp. engages in the operation of membership warehouses through wholly owned subsidiaries. It operates through the following geographical segments: United States, Canada, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.
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