Gilder Gagnon Howe & Co. LLC raised its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 972 shares of the retailer’s stock after buying an additional 22 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Costco Wholesale Corporation were worth $163,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Mercer Capital Advisers Inc. increased its stake in shares of Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock valued at $111,000 after buying an additional 201 shares during the period. Mosaic Family Wealth LLC increased its stake in Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after buying an additional 100 shares during the last quarter. CKW Financial Group increased its stake in Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after buying an additional 200 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Costco Wholesale Corporation by 142.1% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock worth $154,000 after buying an additional 540 shares during the last quarter. Finally, Barometer Capital Management Inc. purchased a new stake in Costco Wholesale Corporation during the first quarter worth about $168,000. 73.91% of the stock is currently owned by institutional investors.
Costco Wholesale Corporation (NASDAQ:COST) opened at 157.08 on Friday. The firm’s 50-day moving average price is $155.32 and its 200 day moving average price is $167.38. Costco Wholesale Corporation has a 52-week low of $142.11 and a 52-week high of $183.18. The firm has a market cap of $68.89 billion, a PE ratio of 27.27 and a beta of 0.93. Costco Wholesale Corporation also was the recipient of unusually large options trading activity on Thursday. Traders purchased 6,031 put options on the stock. This represents an increase of approximately 231% compared to the average volume of 1,822 put options.
Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.09. The firm had revenue of $28.86 billion for the quarter, compared to analyst estimates of $28.57 billion. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 earnings per share. On average, equities analysts anticipate that Costco Wholesale Corporation will post $5.77 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a $0.50 dividend. This is a positive change from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.00 dividend on an annualized basis and a yield of 1.27%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is currently 34.66%.
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Several equities analysts have recently weighed in on the company. UBS AG raised Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, June 26th. Guggenheim restated a “neutral” rating on shares of Costco Wholesale Corporation in a report on Friday, June 2nd. BidaskClub upgraded Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Vetr upgraded Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $168.75 target price for the company in a report on Monday, July 24th. Finally, BMO Capital Markets set a $195.00 target price on Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Friday, May 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Costco Wholesale Corporation currently has an average rating of “Buy” and an average price target of $179.11.
In other Costco Wholesale Corporation news, insider John D. Mckay sold 3,000 shares of Costco Wholesale Corporation stock in a transaction on Monday, June 5th. The shares were sold at an average price of $181.60, for a total transaction of $544,800.00. Following the completion of the sale, the insider now owns 62,607 shares of the company’s stock, valued at approximately $11,369,431.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP James P. Murphy sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $181.30, for a total transaction of $906,500.00. Following the transaction, the vice president now owns 48,845 shares in the company, valued at approximately $8,855,598.50. The disclosure for this sale can be found here. Insiders sold a total of 15,000 shares of company stock valued at $2,677,430 in the last ninety days. Company insiders own 0.74% of the company’s stock.
Costco Wholesale Corporation 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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