Carnegie Capital Asset Management LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,277 shares of the retailer’s stock after acquiring an additional 545 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Costco Wholesale were worth $1,516,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter worth about $102,000. Jacobus Wealth Management Inc. bought a new stake in shares of Costco Wholesale during the 3rd quarter worth about $103,000. Shamrock Asset Management LLC boosted its holdings in shares of Costco Wholesale by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after buying an additional 418 shares during the period. Zions Bancorporation boosted its holdings in shares of Costco Wholesale by 148.4% during the 3rd quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock worth $113,000 after buying an additional 411 shares during the period. Finally, American Beacon Advisors Inc. bought a new stake in shares of Costco Wholesale during the 4th quarter worth about $120,000. 72.78% of the stock is owned by institutional investors.
Several analysts have weighed in on COST shares. Moffett Nathanson started coverage on shares of Costco Wholesale in a research note on Monday, December 4th. They issued a “buy” rating for the company. < Robert W. Baird reiterated a "buy" rating and issued a $215.00 price objective on shares of Costco Wholesale in a research note on Friday, December 15th. Susquehanna Bancshares lifted their price objective on shares of Costco Wholesale from $205.00 to $215.00 and gave the stock a "positive" rating in a research note on Friday, December 15th. Stifel Nicolaus reiterated a "buy" rating and issued a $200.00 price objective (up previously from $185.00) on shares of Costco Wholesale in a research note on Friday, December 15th. Finally, Vetr cut shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price objective for the company. in a research note on Friday, December 1st. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $190.76.
Costco Wholesale stock opened at $185.87 on Monday. The company has a market cap of $81,563.52, a P/E ratio of 29.69, a PEG ratio of 2.75 and a beta of 0.97. The company has a quick ratio of 0.44, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $199.88.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.03). The company had revenue of $33 billion for the quarter, compared to analyst estimates of $32.73 billion. Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. Costco Wholesale’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 earnings per share. sell-side analysts predict that Costco Wholesale Co. will post 6.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Thursday, February 15th. Costco Wholesale’s dividend payout ratio is 29.81%.
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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