Fulcrum Capital LLC purchased a new stake in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,700 shares of the retailer’s stock, valued at approximately $316,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Almanack Investment Partners LLC. bought a new position in shares of Costco Wholesale in the 2nd quarter valued at $101,000. Wealthcare Advisory Partners LLC bought a new position in shares of Costco Wholesale in the 3rd quarter valued at $102,000. Jacobus Wealth Management Inc. bought a new position in shares of Costco Wholesale in the 3rd quarter valued at $103,000. Shamrock Asset Management LLC increased its stake in shares of Costco Wholesale by 171.3% in the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after purchasing an additional 418 shares during the last quarter. Finally, Zions Bancorporation increased its stake in shares of Costco Wholesale by 148.4% in the 3rd quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock valued at $113,000 after purchasing an additional 411 shares during the last quarter. Institutional investors own 72.06% of the company’s stock.
Several equities analysts have recently issued reports on COST shares. Oppenheimer lifted their price target on Costco Wholesale from $180.00 to $210.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. BMO Capital Markets upgraded Costco Wholesale from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $192.73 to $215.00 in a research report on Monday, December 18th. JPMorgan Chase & Co. restated a “buy” rating and set a $200.00 price objective on shares of Costco Wholesale in a research report on Monday, December 4th. Vetr lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $171.07 price objective on the stock. in a research report on Monday, November 6th. Finally, Morgan Stanley set a $175.00 price objective on Costco Wholesale and gave the stock a “hold” rating in a research report on Friday, December 15th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $190.36.
Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The firm had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. equities analysts anticipate that Costco Wholesale Co. will post 6.71 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, February 15th. Costco Wholesale’s dividend payout ratio is 31.80%.
In other news, VP Timothy L. Rose sold 5,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $193.20, for a total value of $966,000.00. Following the transaction, the vice president now directly owns 52,529 shares of the company’s stock, valued at approximately $10,148,602.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $183.26, for a total value of $549,780.00. Following the completion of the transaction, the director now directly owns 8,654 shares in the company, valued at $1,585,932.04. The disclosure for this sale can be found here. Insiders sold a total of 91,185 shares of company stock worth $17,408,817 over the last three months. 0.74% of the stock is owned by company insiders.
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Costco Wholesale Company Profile
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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