Comprehensive Portfolio Management LLC Buys New Holdings in Costco Wholesale Co. (COST)
Comprehensive Portfolio Management LLC bought a new position in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,357 shares of the retailer’s stock, valued at approximately $253,000.
Other institutional investors also recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. purchased a new position in shares of Costco Wholesale in the second quarter worth $101,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Costco Wholesale in the third quarter worth $102,000. Jacobus Wealth Management Inc. purchased a new position in shares of Costco Wholesale in the third quarter worth $103,000. Shamrock Asset Management LLC raised its stake in shares of Costco Wholesale by 171.3% in the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after purchasing an additional 418 shares during the last quarter. Finally, Zions Bancorporation raised its stake in shares of Costco Wholesale by 148.4% in the third quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock worth $113,000 after purchasing an additional 411 shares during the last quarter. 72.27% of the stock is currently owned by institutional investors and hedge funds.
In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $193.41, for a total transaction of $580,230.00. Following the completion of the sale, the director now owns 8,654 shares of the company’s stock, valued at $1,673,770.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James D. Sinegal sold 30,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $192.06, for a total value of $5,761,800.00. Following the sale, the director now directly owns 746,209 shares of the company’s stock, valued at approximately $143,316,900.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 99,296 shares of company stock valued at $18,810,236. 0.74% of the stock is owned by company insiders.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. The company had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. Costco Wholesale’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 earnings per share. equities analysts forecast that Costco Wholesale Co. will post 6.71 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, February 15th. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.80%.
COST has been the subject of several recent analyst reports. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, October 20th. Vetr cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $171.07 price target for the company. in a research note on Monday, November 6th. Robert W. Baird restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, November 17th. Guggenheim restated a “hold” rating on shares of Costco Wholesale in a research note on Wednesday, November 22nd. Finally, Stifel Nicolaus boosted their price target on Costco Wholesale from $179.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 30th. Nine research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Costco Wholesale has a consensus rating of “Buy” and an average price target of $189.97.
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Costco Wholesale 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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