Fort Washington Investment Advisors Inc. OH lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 8.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,479 shares of the retailer’s stock after selling 740 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Costco Wholesale were worth $3,010,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the company. Provident Wealth Management LLC purchased a new stake in Costco Wholesale in the 3rd quarter worth approximately $26,000. Newfound Research LLC bought a new stake in Costco Wholesale in the third quarter worth $28,000. Cerebellum GP LLC bought a new stake in Costco Wholesale in the second quarter worth $32,000. Red Cedar Capital LLC lifted its position in Costco Wholesale by 588.2% in the second quarter. Red Cedar Capital LLC now owns 117 shares of the retailer’s stock worth $35,000 after buying an additional 100 shares during the last quarter. Finally, Horan Capital Advisors LLC. bought a new stake in shares of Costco Wholesale during the third quarter worth $39,000. Hedge funds and other institutional investors own 63.40% of the company’s stock.
COST opened at $381.12 on Friday. The company has a fifty day moving average price of $372.20 and a two-hundred day moving average price of $335.27. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.13. Costco Wholesale Co. has a 52 week low of $271.28 and a 52 week high of $389.50. The firm has a market capitalization of $168.16 billion, a PE ratio of 42.25, a P/E/G ratio of 4.61 and a beta of 0.66.
Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 24th. The retailer reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.28. The firm had revenue of $52.28 billion during the quarter, compared to analyst estimates of $52.03 billion. Costco Wholesale had a net margin of 2.40% and a return on equity of 22.71%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.69 EPS. Equities analysts forecast that Costco Wholesale Co. will post 9.69 EPS for the current year.
The company also recently declared a special dividend, which will be paid on Friday, December 11th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $10.00 per share. This is a boost from Costco Wholesale’s previous special dividend of $7.00. The ex-dividend date of this dividend is Tuesday, December 1st. Costco Wholesale’s dividend payout ratio (DPR) is currently 31.64%.
In related news, VP Joseph P. Portera sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $348.00, for a total value of $2,088,000.00. Following the sale, the vice president now directly owns 6,211 shares of the company’s stock, valued at approximately $2,161,428. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan L. Decker sold 2,500 shares of the business’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $347.90, for a total transaction of $869,750.00. Following the completion of the sale, the director now directly owns 21,747 shares in the company, valued at $7,565,781.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,800 shares of company stock worth $3,064,457. Insiders own 0.22% of the company’s stock.
Several equities analysts have issued reports on COST shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $390.00 target price on shares of Costco Wholesale in a research note on Tuesday, November 17th. CSFB boosted their price target on Costco Wholesale from $328.00 to $370.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 6th. Jefferies Financial Group raised Costco Wholesale from a “hold” rating to a “buy” rating and lifted their target price for the stock from $321.00 to $435.00 in a report on Thursday, October 15th. BMO Capital Markets boosted their price target on Costco Wholesale from $340.00 to $385.00 and gave the company an “outperform” rating in a report on Friday, September 25th. Finally, Royal Bank of Canada upped their target price on Costco Wholesale from $412.00 to $419.00 in a research note on Thursday, November 5th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $376.33.
Costco Wholesale Company 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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