BKM Wealth Management LLC lessened its stake in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 19.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,047 shares of the retailer’s stock after selling 502 shares during the quarter. BKM Wealth Management LLC’s holdings in Costco Wholesale were worth $1,765,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COST. Assenagon Asset Management S.A. increased its position in Costco Wholesale by 1,586.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,137,436 shares of the retailer’s stock worth $980,857,000 after purchasing an additional 1,070,005 shares in the last quarter. Amundi increased its position in Costco Wholesale by 45.0% during the 3rd quarter. Amundi now owns 3,176,606 shares of the retailer’s stock worth $2,893,697,000 after purchasing an additional 986,182 shares in the last quarter. Voloridge Investment Management LLC increased its position in Costco Wholesale by 112.2% during the 3rd quarter. Voloridge Investment Management LLC now owns 477,425 shares of the retailer’s stock worth $441,919,000 after purchasing an additional 252,453 shares in the last quarter. Worldquant Millennium Advisors LLC increased its position in Costco Wholesale by 638.7% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 227,310 shares of the retailer’s stock worth $225,023,000 after purchasing an additional 196,537 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in Costco Wholesale during the 3rd quarter worth about $158,189,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. The Goldman Sachs Group dropped their price objective on Costco Wholesale from $1,171.00 to $1,088.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Rothschild & Co Redburn lifted their price target on Costco Wholesale from $890.00 to $1,000.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. BMO Capital Markets lifted their price target on Costco Wholesale from $1,175.00 to $1,315.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Roth Mkm restated a “sell” rating on shares of Costco Wholesale in a report on Wednesday, February 4th. Finally, Evercore set a $1,100.00 price target on Costco Wholesale in a report on Monday, March 2nd. Twenty-two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,045.97.
Read Our Latest Research Report on Costco Wholesale
Insider Buying and Selling at Costco Wholesale
In other news, EVP Claudine Adamo sold 730 shares of Costco Wholesale stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $1,003.02, for a total value of $732,204.60. Following the transaction, the executive vice president directly owned 6,121 shares of the company’s stock, valued at $6,139,485.42. The trade was a 10.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is owned by corporate insiders.
Costco Wholesale Stock Down 0.3%
COST opened at $1,011.15 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.59. The stock has a market capitalization of $448.60 billion, a price-to-earnings ratio of 52.58, a price-to-earnings-growth ratio of 5.00 and a beta of 0.99. The business has a 50-day moving average of $997.12 and a two-hundred day moving average of $948.04. Costco Wholesale Corporation has a 12 month low of $844.06 and a 12 month high of $1,067.08.
Costco Wholesale (NASDAQ:COST – Get Free Report) last posted its quarterly earnings results on Wednesday, March 11th. The retailer reported $4.58 EPS for the quarter, beating the consensus estimate of $4.55 by $0.03. The company had revenue of $69.60 billion during the quarter, compared to analysts’ expectations of $68.96 billion. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.The firm’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.02 EPS. On average, research analysts expect that Costco Wholesale Corporation will post 20.31 earnings per share for the current year.
Costco Wholesale Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a $1.47 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.30. Costco Wholesale’s dividend payout ratio is presently 30.58%.
Trending Headlines about Costco Wholesale
Here are the key news stories impacting Costco Wholesale this week:
Costco Wholesale Company Profile
Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.
Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.
Featured Stories
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).
Receive News & Ratings for Costco Wholesale Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Costco Wholesale and related companies with MarketBeat.com’s FREE daily email newsletter.
