Profund Advisors LLC cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST – Get Rating) by 5.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,148 shares of the retailer’s stock after selling 1,425 shares during the period. Costco Wholesale comprises approximately 0.9% of Profund Advisors LLC’s holdings, making the stock its 16th largest position. Profund Advisors LLC’s holdings in Costco Wholesale were worth $12,821,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schubert & Co raised its holdings in shares of Costco Wholesale by 73.3% during the second quarter. Schubert & Co now owns 52 shares of the retailer’s stock worth $25,000 after acquiring an additional 22 shares in the last quarter. Cowa LLC purchased a new stake in shares of Costco Wholesale during the 3rd quarter worth about $26,000. Moisand Fitzgerald Tamayo LLC lifted its holdings in shares of Costco Wholesale by 1,050.0% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 69 shares of the retailer’s stock valued at $33,000 after buying an additional 63 shares during the last quarter. Newfound Research LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $40,000. Finally, Charter Oak Capital Management LLC acquired a new position in Costco Wholesale in the second quarter worth approximately $41,000. Hedge funds and other institutional investors own 66.03% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently weighed in on COST shares. Tigress Financial cut their price target on shares of Costco Wholesale from $678.00 to $635.00 and set a “buy” rating on the stock in a report on Wednesday, December 21st. Citigroup reduced their price target on Costco Wholesale from $545.00 to $530.00 in a research report on Friday, December 9th. MKM Partners lowered their price objective on Costco Wholesale from $512.00 to $484.00 in a report on Friday, December 9th. Bank of America reduced their target price on Costco Wholesale from $605.00 to $600.00 in a report on Thursday, December 1st. Finally, DA Davidson increased their price target on Costco Wholesale from $470.00 to $478.00 in a report on Friday, January 6th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $553.78.
Insider Buying and Selling
Costco Wholesale Price Performance
Shares of COST traded down $6.38 during mid-day trading on Wednesday, reaching $485.73. The company had a trading volume of 330,727 shares, compared to its average volume of 2,036,708. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.03 and a quick ratio of 0.47. The company has a market capitalization of $215.53 billion, a P/E ratio of 37.20, a P/E/G ratio of 3.61 and a beta of 0.76. Costco Wholesale Co. has a twelve month low of $406.51 and a twelve month high of $612.27. The company’s 50-day moving average is $486.20 and its 200-day moving average is $501.59.
Costco Wholesale (NASDAQ:COST – Get Rating) last issued its quarterly earnings data on Thursday, December 8th. The retailer reported $3.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.04). Costco Wholesale had a net margin of 2.55% and a return on equity of 28.83%. The company had revenue of $54.44 billion for the quarter, compared to the consensus estimate of $54.67 billion. On average, equities analysts anticipate that Costco Wholesale Co. will post 14.28 EPS for the current year.
Costco Wholesale Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, February 17th. Stockholders of record on Friday, February 3rd will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, February 2nd. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.21%.
Costco Wholesale Profile
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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