GSA Capital Partners LLP lowered its stake in Costco Wholesale Co. (NASDAQ:COST) by 96.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,334 shares of the retailer’s stock after selling 62,151 shares during the period. GSA Capital Partners LLP’s holdings in Costco Wholesale were worth $374,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in Costco Wholesale by 1.7% in the fourth quarter. State Street Corp now owns 17,892,082 shares of the retailer’s stock valued at $2,864,688,000 after buying an additional 306,669 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Costco Wholesale by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 11,644,774 shares of the retailer’s stock valued at $1,775,944,000 after buying an additional 96,575 shares during the last quarter. Capital Research Global Investors increased its position in Costco Wholesale by 2.2% in the third quarter. Capital Research Global Investors now owns 9,349,671 shares of the retailer’s stock valued at $1,425,918,000 after buying an additional 199,619 shares during the last quarter. BlackRock Fund Advisors increased its position in Costco Wholesale by 3.6% in the third quarter. BlackRock Fund Advisors now owns 5,930,106 shares of the retailer’s stock valued at $904,400,000 after buying an additional 204,990 shares during the last quarter. Finally, Morgan Stanley increased its position in Costco Wholesale by 17.2% in the third quarter. Morgan Stanley now owns 4,722,152 shares of the retailer’s stock valued at $720,175,000 after buying an additional 693,510 shares during the last quarter. Institutional investors own 73.12% of the company’s stock.
Shares of Costco Wholesale Co. (NASDAQ:COST) opened at 166.02 on Friday. The firm’s 50-day moving average price is $170.61 and its 200-day moving average price is $158.71. The firm has a market cap of $72.87 billion, a PE ratio of 30.63 and a beta of 0.89. Costco Wholesale Co. has a 12 month low of $138.57 and a 12 month high of $178.71.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, March 2nd. The retailer reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.36 by $0.19. Costco Wholesale had a return on equity of 20.06% and a net margin of 2.02%. The company had revenue of $29.77 billion for the quarter, compared to analysts’ expectations of $29.75 billion. During the same period in the prior year, the company posted $1.24 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Costco Wholesale Co. will post $5.63 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, February 10th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Wednesday, February 8th. Costco Wholesale’s dividend payout ratio is currently 32.79%.
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Several research analysts have commented on COST shares. Wells Fargo & Co restated a “hold” rating on shares of Costco Wholesale in a report on Saturday, March 4th. Guggenheim restated a “neutral” rating on shares of Costco Wholesale in a report on Wednesday, November 30th. Jefferies Group LLC set a $156.00 price objective on Costco Wholesale and gave the stock a “hold” rating in a report on Monday, March 6th. Instinet restated a “buy” rating and set a $185.00 price objective on shares of Costco Wholesale in a report on Friday, January 6th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $170.00 price target on shares of Costco Wholesale in a report on Tuesday, December 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $178.69.
In other news, VP Paul G. Moulton sold 14,189 shares of the company’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $161.98, for a total transaction of $2,298,334.22. Following the sale, the vice president now owns 52,604 shares of the company’s stock, valued at $8,520,795.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James D. Sinegal sold 17,000 shares of the company’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $164.52, for a total value of $2,796,840.00. Following the sale, the director now directly owns 792,594 shares in the company, valued at approximately $130,397,564.88. The disclosure for this sale can be found here. Insiders have sold 51,017 shares of company stock worth $8,350,408 in the last ninety days. Corporate insiders own 0.74% of the company’s stock.
About Costco Wholesale
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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