River & Mercantile Asset Management LLP bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 180 shares of the retailer’s stock, valued at approximately $48,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Krane Funds Advisors LLC acquired a new stake in Costco Wholesale during the 2nd quarter worth approximately $26,000. Massey Quick Simon & CO. LLC acquired a new stake in Costco Wholesale in the second quarter valued at approximately $27,000. Princeton Global Asset Management LLC grew its position in Costco Wholesale by 88.6% in the second quarter. Princeton Global Asset Management LLC now owns 132 shares of the retailer’s stock valued at $35,000 after acquiring an additional 62 shares in the last quarter. Canton Hathaway LLC grew its position in Costco Wholesale by 41.0% in the second quarter. Canton Hathaway LLC now owns 141 shares of the retailer’s stock valued at $37,000 after acquiring an additional 41 shares in the last quarter. Finally, Next Capital Management LLC grew its position in Costco Wholesale by 2,740.0% in the second quarter. Next Capital Management LLC now owns 142 shares of the retailer’s stock valued at $38,000 after acquiring an additional 137 shares in the last quarter. 71.07% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Paul G. Moulton sold 5,976 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $298.06, for a total transaction of $1,781,206.56. Following the transaction, the vice president now directly owns 36,010 shares in the company, valued at $10,733,140.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.
Several analysts have issued reports on the stock. BMO Capital Markets increased their price objective on shares of Costco Wholesale from $275.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Oppenheimer downgraded shares of Costco Wholesale from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $295.00 to $300.00 in a research report on Wednesday, September 11th. BidaskClub raised shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Morgan Stanley increased their price objective on shares of Costco Wholesale from $230.00 to $265.00 and gave the company an “equal weight” rating in a research report on Friday, October 4th. They noted that the move was a valuation call. Finally, Sanford C. Bernstein downgraded shares of Costco Wholesale from a “market perform” rating to an “underperform” rating and increased their price objective for the company from $220.00 to $230.00 in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $293.13.
COST stock opened at $297.60 on Friday. Costco Wholesale Co. has a twelve month low of $189.51 and a twelve month high of $307.34. The company has a current ratio of 1.01, a quick ratio of 0.52 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $130.57 billion, a P/E ratio of 36.34, a PEG ratio of 4.07 and a beta of 0.94. The firm has a 50 day simple moving average of $290.57 and a 200-day simple moving average of $266.00.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, October 3rd. The retailer reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.15. Costco Wholesale had a net margin of 2.40% and a return on equity of 25.00%. The business had revenue of $47.50 billion during the quarter, compared to the consensus estimate of $47.71 billion. During the same quarter last year, the company earned $2.36 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, research analysts predict that Costco Wholesale Co. will post 8.6 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, August 29th. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.75%.
Costco Wholesale Company Profile
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
Read More: What is Put Option Volume?
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.