Banco Santander S.A. increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 115.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,646 shares of the retailer’s stock after buying an additional 6,788 shares during the period. Banco Santander S.A.’s holdings in Costco Wholesale were worth $3,605,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of COST. Norges Bank acquired a new position in Costco Wholesale during the 4th quarter worth about $1,337,357,000. Swiss National Bank lifted its position in Costco Wholesale by 23.3% during the 1st quarter. Swiss National Bank now owns 1,775,218 shares of the retailer’s stock worth $506,168,000 after buying an additional 335,000 shares in the last quarter. Geode Capital Management LLC lifted its position in Costco Wholesale by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 6,496,150 shares of the retailer’s stock worth $1,905,225,000 after buying an additional 300,809 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Costco Wholesale by 29.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,216,549 shares of the retailer’s stock worth $357,569,000 after buying an additional 273,483 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in Costco Wholesale by 25.2% during the 4th quarter. Stifel Financial Corp now owns 1,257,053 shares of the retailer’s stock worth $369,235,000 after buying an additional 252,634 shares in the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.
COST has been the topic of a number of research reports. Nomura Securities restated a “hold” rating and set a $310.00 target price on shares of Costco Wholesale in a research report on Monday, April 13th. Barclays restated a “neutral” rating on shares of Costco Wholesale in a research report on Sunday, March 8th. Citigroup initiated coverage on shares of Costco Wholesale in a research report on Tuesday, April 14th. They set a “neutral” rating and a $310.00 target price on the stock. BMO Capital Markets upped their target price on shares of Costco Wholesale from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Finally, UBS Group upped their target price on shares of Costco Wholesale from $335.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-one have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $318.54.
In other news, VP James P. Murphy sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $310.00, for a total transaction of $1,550,000.00. Following the completion of the transaction, the vice president now directly owns 42,771 shares of the company’s stock, valued at approximately $13,259,010. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan L. Decker sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $314.83, for a total transaction of $314,830.00. Following the transaction, the director now directly owns 32,582 shares of the company’s stock, valued at $10,257,791.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,448 shares of company stock valued at $2,308,656. 0.22% of the stock is owned by company insiders.
NASDAQ COST traded up $0.46 during trading hours on Friday, reaching $302.43. 2,313,687 shares of the company’s stock were exchanged, compared to its average volume of 2,861,295. The company’s 50-day moving average is $304.26 and its two-hundred day moving average is $301.92. Costco Wholesale Co. has a one year low of $233.05 and a one year high of $325.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.52 and a current ratio of 1.04. The company has a market capitalization of $133.34 billion, a price-to-earnings ratio of 35.50, a price-to-earnings-growth ratio of 4.21 and a beta of 0.71.
Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, March 5th. The retailer reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.04. Costco Wholesale had a return on equity of 23.41% and a net margin of 2.39%. The business had revenue of $39.10 billion during the quarter, compared to analysts’ expectations of $38.26 billion. During the same period in the prior year, the business earned $2.01 EPS. Costco Wholesale’s revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts predict that Costco Wholesale Co. will post 8.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.93%. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, April 30th. Costco Wholesale’s dividend payout ratio is presently 34.19%.
Costco Wholesale 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.
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