Dividend Assets Capital LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,525 shares of the retailer’s stock after purchasing an additional 1,251 shares during the period. Costco Wholesale makes up 2.7% of Dividend Assets Capital LLC’s investment portfolio, making the stock its 7th largest holding. Dividend Assets Capital LLC’s holdings in Costco Wholesale were worth $14,284,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in COST. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Costco Wholesale in the third quarter valued at about $8,400,000. Kathmere Capital Management LLC acquired a new position in Costco Wholesale during the third quarter worth about $89,000. Brinker Capital Investments LLC raised its position in Costco Wholesale by 88.3% during the third quarter. Brinker Capital Investments LLC now owns 6,700 shares of the retailer’s stock worth $2,379,000 after acquiring an additional 3,141 shares during the last quarter. Sei Investments Co. raised its position in Costco Wholesale by 10.9% during the third quarter. Sei Investments Co. now owns 268,768 shares of the retailer’s stock worth $95,259,000 after acquiring an additional 26,333 shares during the last quarter. Finally, Rockland Trust Co. raised its position in Costco Wholesale by 4.7% during the fourth quarter. Rockland Trust Co. now owns 3,872 shares of the retailer’s stock worth $1,459,000 after acquiring an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 67.21% of the company’s stock.
Shares of NASDAQ COST traded down $1.03 during trading on Tuesday, reaching $378.29. 30,515 shares of the stock were exchanged, compared to its average volume of 2,805,326. The business’s 50-day moving average price is $356.61 and its 200 day moving average price is $361.97. Costco Wholesale Co. has a twelve month low of $293.84 and a twelve month high of $393.15. The company has a quick ratio of 0.53, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $167.41 billion, a price-to-earnings ratio of 38.94, a price-to-earnings-growth ratio of 4.17 and a beta of 0.66.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Investors of record on Friday, April 30th will be issued a $0.79 dividend. The ex-dividend date is Thursday, April 29th. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.70. This represents a $3.16 annualized dividend and a yield of 0.84%. Costco Wholesale’s dividend payout ratio is currently 35.71%.
In related news, VP Roland Michael Vachris sold 4,300 shares of the company’s stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $334.30, for a total value of $1,437,490.00. Following the sale, the vice president now directly owns 15,602 shares of the company’s stock, valued at $5,215,748.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard A. Galanti sold 2,230 shares of the company’s stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $372.06, for a total transaction of $829,693.80. Following the completion of the sale, the chief financial officer now directly owns 22,871 shares in the company, valued at $8,509,384.26. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.
COST has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on shares of Costco Wholesale from $370.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 14th. Robert W. Baird lowered their price target on shares of Costco Wholesale from $410.00 to $395.00 and set an “outperform” rating for the company in a report on Thursday, March 11th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Costco Wholesale from $344.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, April 14th. The Goldman Sachs Group lifted their price target on shares of Costco Wholesale from $377.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, April 14th. Finally, Stifel Nicolaus lifted their price target on shares of Costco Wholesale from $370.00 to $385.00 and gave the stock a “buy” rating in a report on Wednesday, April 14th. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $387.42.
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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