Pratt Collard Advisory Partners LLC Purchases Shares of 4,003 Costco Wholesale Co. (COST)
Pratt Collard Advisory Partners LLC purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter, Holdings Channel reports. The firm purchased 4,003 shares of the retailer’s stock, valued at approximately $745,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Beach Investment Management LLC. purchased a new position in Costco Wholesale during the second quarter valued at approximately $3,569,000. IMS Capital Management grew its position in Costco Wholesale by 5.4% during the second quarter. IMS Capital Management now owns 1,455 shares of the retailer’s stock valued at $233,000 after purchasing an additional 74 shares in the last quarter. Legal & General Group Plc grew its position in Costco Wholesale by 6.1% during the second quarter. Legal & General Group Plc now owns 2,350,166 shares of the retailer’s stock valued at $375,853,000 after purchasing an additional 134,846 shares in the last quarter. Allegis Investment Advisors LLC grew its position in Costco Wholesale by 14.1% during the second quarter. Allegis Investment Advisors LLC now owns 1,445 shares of the retailer’s stock valued at $231,000 after purchasing an additional 179 shares in the last quarter. Finally, BARING ASSET MANAGEMENT Ltd grew its position in Costco Wholesale by 5.8% during the second quarter. BARING ASSET MANAGEMENT Ltd now owns 9,882 shares of the retailer’s stock valued at $1,580,000 after purchasing an additional 544 shares in the last quarter. Institutional investors and hedge funds own 72.27% of the company’s stock.
Several analysts have commented on the stock. Vetr raised shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating and set a $200.28 target price for the company in a research report on Monday. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a research report on Thursday, November 30th. Susquehanna Bancshares boosted their target price on shares of Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a research report on Friday, December 15th. Barclays reissued a “buy” rating and issued a $208.00 target price on shares of Costco Wholesale in a research report on Tuesday, December 19th. Finally, Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 target price for the company in a research report on Friday, January 12th. Nine investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $189.97.
Shares of Costco Wholesale Co. (NASDAQ COST) opened at $180.72 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market cap of $79,355.23, a price-to-earnings ratio of 30.07, a P/E/G ratio of 2.95 and a beta of 0.99. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $199.88.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The business had revenue of $31.81 billion during the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. Costco Wholesale’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. analysts anticipate that Costco Wholesale Co. will post 6.71 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, February 15th. Costco Wholesale’s payout ratio is currently 31.80%.
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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.
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