IFP Advisors Inc trimmed its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,619 shares of the retailer's stock after selling 736 shares during the quarter. IFP Advisors Inc's holdings in Costco Wholesale were worth $18,560,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of COST. Personal CFO Solutions LLC grew its position in Costco Wholesale by 12.4% during the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer's stock valued at $1,436,000 after acquiring an additional 167 shares during the last quarter. Geode Capital Management LLC lifted its stake in Costco Wholesale by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock worth $8,901,249,000 after acquiring an additional 252,118 shares during the period. F&V Capital Management LLC bought a new position in Costco Wholesale in the 1st quarter worth $236,000. Graybill Wealth Management LTD. bought a new position in Costco Wholesale in the 1st quarter worth $3,095,000. Finally, Umpqua Bank raised its holdings in Costco Wholesale by 14.7% in the 4th quarter. Umpqua Bank now owns 4,507 shares of the retailer's stock worth $4,134,000 after purchasing an additional 577 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Costco Wholesale news, EVP Yoram Rubanenko sold 4,000 shares of the company's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the transaction, the executive vice president owned 5,774 shares of the company's stock, valued at $5,629,419.04. This represents a 40.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Patrick J. Callans sold 3,000 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the completion of the transaction, the executive vice president directly owned 58,543 shares in the company, valued at $58,705,164.11. This trade represents a 4.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,547 shares of company stock worth $9,472,510. 0.18% of the stock is currently owned by corporate insiders.
Costco Wholesale Trading Down 0.3%
Shares of NASDAQ:COST opened at $950.95 on Friday. The stock has a 50 day moving average of $998.91 and a 200 day moving average of $983.13. The company has a market cap of $421.73 billion, a PE ratio of 53.94, a price-to-earnings-growth ratio of 5.91 and a beta of 0.97. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. Costco Wholesale Corporation has a 12-month low of $793.00 and a 12-month high of $1,078.24.
Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.04. The business had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.78 EPS. As a group, equities research analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current year.
Costco Wholesale Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $1.30 per share. The ex-dividend date is Friday, August 1st. This represents a $5.20 annualized dividend and a yield of 0.55%. Costco Wholesale's payout ratio is presently 29.50%.
Analysts Set New Price Targets
Several equities analysts have commented on COST shares. Evercore ISI lowered their price objective on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a research report on Tuesday, June 17th. Morgan Stanley lifted their price target on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday, July 10th. Wall Street Zen raised Costco Wholesale from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,037.48.
Get Our Latest Stock Analysis on COST
Costco Wholesale Profile
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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.
Further Reading
Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COST - Free Report).
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