Strs Ohio trimmed its position in Costco Wholesale Co. (NASDAQ:COST) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 506,361 shares of the retailer’s stock after selling 25,981 shares during the period. Strs Ohio’s holdings in Costco Wholesale were worth $94,243,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of COST. Wealthcare Advisory Partners LLC purchased a new stake in shares of Costco Wholesale in the third quarter worth $102,000. Jacobus Wealth Management Inc. purchased a new stake in shares of Costco Wholesale in the third quarter worth $103,000. Almanack Investment Partners LLC. purchased a new stake in shares of Costco Wholesale in the second quarter worth $101,000. Shamrock Asset Management LLC grew 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 acquiring an additional 418 shares during the last quarter. Finally, Zions Bancorporation grew 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 acquiring an additional 411 shares during the last quarter. 72.27% of the stock is currently owned by institutional investors.
In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $193.41, for a total value of $580,230.00. Following the transaction, 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 SEC, which can be accessed through this hyperlink. Also, VP Timothy L. Rose sold 5,000 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $193.20, for a total value of $966,000.00. Following the completion of the transaction, the vice president now directly owns 52,529 shares in the company, valued at approximately $10,148,602.80. The disclosure for this sale can be found here. In the last three months, insiders sold 99,296 shares of company stock worth $18,810,236. 0.74% of the stock is owned by corporate insiders.
Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The company had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. During the same quarter in the prior year, the company earned $1.24 earnings per share. Costco Wholesale’s revenue was up 13.2% on a year-over-year basis. equities research analysts forecast that Costco Wholesale Co. will post 6.71 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Thursday, February 15th. Costco Wholesale’s dividend payout ratio is 31.80%.
A number of equities research analysts have recently commented on the company. Vetr raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 target price on the stock in a research note on Monday. Tigress Financial reissued a “buy” rating on shares of Costco Wholesale in a research note on Friday, January 5th. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price objective on the stock in a research report on Friday, January 12th. Robert W. Baird reaffirmed a “buy” rating and set a $215.00 price objective on shares of Costco Wholesale in a research report on Friday, December 15th. Finally, Moffett Nathanson began coverage on Costco Wholesale in a research report on Monday, December 4th. They set a “buy” rating on the stock. < Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Costco Wholesale presently has an average 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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