Ossiam trimmed its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 82.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,600 shares of the retailer's stock after selling 75,523 shares during the period. Ossiam's holdings in Costco Wholesale were worth $10,297,000 at the end of the most recent reporting period.
- Costco Wholesale Can Hit New Highs; A Rebound Is Coming
Several other hedge funds and other institutional investors also recently bought and sold shares of COST. Norges Bank bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $3,628,694,000. Northern Trust Corp increased its stake in Costco Wholesale by 4.3% in the third quarter. Northern Trust Corp now owns 5,134,947 shares of the retailer's stock worth $2,901,040,000 after purchasing an additional 210,586 shares during the period. Capital World Investors increased its stake in Costco Wholesale by 3.9% in the fourth quarter. Capital World Investors now owns 3,539,245 shares of the retailer's stock worth $2,336,198,000 after purchasing an additional 132,292 shares during the period. International Assets Investment Management LLC lifted its position in shares of Costco Wholesale by 61,693.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer's stock worth $2,049,630,000 after purchasing an additional 3,100,099 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Costco Wholesale by 3.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,794,480 shares of the retailer's stock valued at $1,844,581,000 after purchasing an additional 85,398 shares during the period. Hedge funds and other institutional investors own 68.48% of the company's stock.
Insider Buying and Selling at Costco Wholesale
In related news, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the sale, the executive vice president now owns 10,000 shares of the company's stock, valued at $7,228,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Russell D. Miller sold 785 shares of the firm's stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the transaction, the executive vice president now owns 10,000 shares of the company's stock, valued at $7,228,600. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Claudine Adamo sold 1,500 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the completion of the sale, the executive vice president now directly owns 6,695 shares in the company, valued at $4,785,786.85. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.
Analyst Upgrades and Downgrades
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COST has been the topic of several recent analyst reports. Evercore ISI raised their price target on shares of Costco Wholesale from $845.00 to $860.00 and gave the stock an "outperform" rating in a research note on Friday, May 31st. Loop Capital raised their target price on shares of Costco Wholesale from $840.00 to $890.00 and gave the stock a "buy" rating in a research report on Monday, June 3rd. Gordon Haskett lowered Costco Wholesale from a "buy" rating to an "accumulate" rating and set a $775.00 price target for the company. in a report on Wednesday, April 3rd. Telsey Advisory Group raised their price objective on Costco Wholesale from $850.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Oppenheimer upped their target price on Costco Wholesale from $850.00 to $905.00 and gave the stock an "outperform" rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $750.00.
View Our Latest Stock Report on Costco Wholesale
Costco Wholesale Stock Up 0.3 %
- Costco vs. Walmart: Revenue Comparison of Two Retail Giants
Shares of COST traded up $2.94 during mid-day trading on Friday, hitting $845.58. 1,593,589 shares of the company traded hands, compared to its average volume of 1,755,104. The business has a 50 day moving average of $760.25 and a 200 day moving average of $713.33. The company has a market capitalization of $375.01 billion, a PE ratio of 52.39, a price-to-earnings-growth ratio of 5.59 and a beta of 0.79. The company has a quick ratio of 0.43, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a 1-year low of $512.50 and a 1-year high of $850.38.
Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The business had revenue of $58.52 billion during the quarter, compared to analysts' expectations of $58.16 billion. The business's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $3.43 earnings per share. Equities research analysts anticipate that Costco Wholesale Co. will post 15.96 EPS for the current year.
Costco Wholesale Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $4.64 dividend on an annualized basis and a yield of 0.55%. This is a boost from Costco Wholesale's previous quarterly dividend of $1.02. Costco Wholesale's payout ratio is currently 28.75%.
Costco Wholesale Company Profile
(Free Report)
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.
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