Carderock Capital Management Inc. cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,141 shares of the retailer’s stock after selling 81 shares during the period. Costco Wholesale makes up 1.8% of Carderock Capital Management Inc.’s portfolio, making the stock its 25th largest position. Carderock Capital Management Inc.’s holdings in Costco Wholesale were worth $4,938,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of COST. Nuveen Asset Management LLC raised its stake in shares of Costco Wholesale by 40,778.5% during the second quarter. Nuveen Asset Management LLC now owns 4,772,976 shares of the retailer’s stock valued at $1,261,307,000 after acquiring an additional 4,761,300 shares during the last quarter. Parnassus Investments CA bought a new position in shares of Costco Wholesale during the second quarter valued at about $591,885,000. Thoroughbred Financial Services LLC raised its stake in shares of Costco Wholesale by 31,276.3% during the second quarter. Thoroughbred Financial Services LLC now owns 843,708 shares of the retailer’s stock valued at $84,371,000 after acquiring an additional 841,019 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Costco Wholesale during the second quarter valued at about $159,976,000. Finally, Vanguard Group Inc. raised its stake in shares of Costco Wholesale by 1.4% during the second quarter. Vanguard Group Inc. now owns 37,343,168 shares of the retailer’s stock valued at $9,868,305,000 after acquiring an additional 508,650 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently commented on the stock. Royal Bank of Canada upped their price objective on shares of Costco Wholesale from $321.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. UBS Group boosted their price target on shares of Costco Wholesale from $280.00 to $335.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Tigress Financial reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, June 28th. Robert W. Baird set a $325.00 price target on shares of Costco Wholesale and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Costco Wholesale from $271.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Costco Wholesale has an average rating of “Buy” and an average target price of $293.13.
Shares of COST opened at $297.32 on Thursday. The stock has a market cap of $131.88 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 4.11 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 1.01. Costco Wholesale Co. has a fifty-two week low of $189.51 and a fifty-two week high of $307.34. The firm’s 50-day simple moving average is $293.79 and its two-hundred day simple moving average is $269.54.
Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, October 3rd. The retailer reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.15. The firm had revenue of $47.50 billion for the quarter, compared to the consensus estimate of $47.71 billion. Costco Wholesale had a net margin of 2.40% and a return on equity of 25.00%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.36 earnings per share. Equities research analysts predict that Costco Wholesale Co. will post 8.6 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.65 dividend. The ex-dividend date is Thursday, October 31st. This represents a $2.60 annualized dividend and a dividend yield of 0.87%. Costco Wholesale’s dividend payout ratio is presently 31.75%.
Costco Wholesale Company Profile
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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