Acadian Asset Management LLC Cuts Stake in Costco Wholesale Co. (COST)

Acadian Asset Management LLC trimmed its position in Costco Wholesale Co. (NASDAQ:COST) by 26.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 289,484 shares of the retailer’s stock after selling 101,455 shares during the quarter. Acadian Asset Management LLC’s holdings in Costco Wholesale were worth $53,878,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in COST. Westside Investment Management Inc. raised its holdings in shares of Costco Wholesale by 0.3% during the 2nd quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock valued at $168,000 after buying an additional 3 shares during the period. SVA Plumb Wealth Management LLC raised its holdings in shares of Costco Wholesale by 0.3% during the 2nd quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock valued at $404,000 after buying an additional 7 shares during the period. Cetera Investment Advisers raised its holdings in shares of Costco Wholesale by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock valued at $223,000 after buying an additional 7 shares during the period. Ray Gerald L & Associates Ltd. raised its holdings in shares of Costco Wholesale by 1.6% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 1,285 shares of the retailer’s stock valued at $206,000 after buying an additional 20 shares during the period. Finally, Keel Point LLC raised its holdings in shares of Costco Wholesale by 1.6% during the 2nd quarter. Keel Point LLC now owns 1,722 shares of the retailer’s stock valued at $275,000 after buying an additional 27 shares during the period. Institutional investors own 72.27% of the company’s stock.

In other Costco Wholesale news, VP Paul G. Moulton sold 4,381 shares of Costco Wholesale stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $168.16, for a total transaction of $736,708.96. Following the sale, the vice president now owns 52,858 shares of the company’s stock, valued at approximately $8,888,601.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard A. Galanti sold 3,000 shares of Costco Wholesale stock in a transaction on Friday, November 10th. The shares were sold at an average price of $170.95, for a total value of $512,850.00. Following the sale, the chief financial officer now directly owns 35,225 shares in the company, valued at approximately $6,021,713.75. The disclosure for this sale can be found here. Insiders have sold a total of 106,677 shares of company stock worth $20,059,795 in the last ninety days. 0.58% of the stock is owned by company insiders.

Costco Wholesale Co. (NASDAQ COST) opened at $182.77 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market capitalization of $80,270.00, a P/E ratio of 29.06, a P/E/G ratio of 3.12 and a beta of 0.99. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $199.88.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the 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 firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. equities analysts forecast that Costco Wholesale Co. will post 6.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, February 15th. Costco Wholesale’s payout ratio is currently 31.80%.

Several brokerages recently commented on COST. Vetr downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $200.28 target price on the stock. in a report on Monday, January 22nd. BMO Capital Markets set a $223.00 target price on Costco Wholesale and gave the company a “buy” rating in a report on Wednesday, January 24th. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, December 15th. Susquehanna Bancshares raised their price objective on Costco Wholesale from $205.00 to $215.00 and gave the company a “positive” rating in a research note on Friday, December 15th. Finally, Barclays restated a “buy” rating and set a $208.00 price objective on shares of Costco Wholesale in a research note on Tuesday, December 19th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $189.20.

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Costco Wholesale 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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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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