Aldebaran Financial Inc. Continues to Hold Stake in Costco Wholesale Corporation (COST)
Aldebaran Financial Inc. maintained its position in Costco Wholesale Corporation (NASDAQ:COST) during the first quarter, Holdings Channel reports. The fund owned 1,790 shares of the retailer’s stock at the end of the first quarter. Aldebaran Financial Inc.’s holdings in Costco Wholesale Corporation were worth $300,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its position in Costco Wholesale Corporation by 1.3% in the first quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock worth $3,040,476,000 after buying an additional 239,479 shares in the last quarter. FMR LLC increased its position in Costco Wholesale Corporation by 1.5% in the first quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock worth $2,028,898,000 after buying an additional 177,200 shares in the last quarter. Bank of New York Mellon Corp increased its position in Costco Wholesale Corporation by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock worth $1,048,798,000 after buying an additional 79,201 shares in the last quarter. Ameriprise Financial Inc. increased its position in Costco Wholesale Corporation by 62.0% in the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock worth $768,568,000 after buying an additional 1,753,741 shares in the last quarter. Finally, Janus Capital Management LLC increased its position in Costco Wholesale Corporation by 8.6% in the first quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock worth $768,494,000 after buying an additional 361,581 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.
Costco Wholesale Corporation (COST) traded down 0.6124% during mid-day trading on Friday, hitting $157.5989. The stock had a trading volume of 805,685 shares. The firm has a market cap of $69.12 billion, a P/E ratio of 27.3609 and a beta of 0.93. The stock has a 50-day moving average price of $155.36 and a 200 day moving average price of $167.42. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18. Costco Wholesale Corporation also was the target of some unusual options trading on Thursday. Traders bought 6,031 put options on the stock. This is an increase of 231% compared to the average daily 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 EPS for the quarter, beating the consensus estimate of $1.31 by $0.09. The business had revenue of $28.86 billion during the quarter, compared to analysts’ expectations of $28.57 billion. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $1.24 EPS. Equities analysts anticipate that Costco Wholesale Corporation will post $5.77 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a $0.50 dividend. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, August 16th. Costco Wholesale Corporation’s dividend payout ratio (DPR) is currently 34.66%.
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A number of research analysts have recently commented on COST shares. Vetr downgraded Costco Wholesale Corporation from a “buy” rating to a “sell” rating and set a $158.38 target price for the company. in a research report on Monday, June 19th. Robert W. Baird restated an “outperform” rating and issued a $200.00 price target on shares of Costco Wholesale Corporation in a research report on Tuesday, May 30th. Barclays PLC restated an “overweight” rating and issued a $190.00 price target (up from $185.00) on shares of Costco Wholesale Corporation in a research report on Sunday, May 28th. BidaskClub lowered Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Costco Wholesale Corporation in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $179.11.
In other news, insider John D. Mckay sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $181.60, for a total value of $544,800.00. Following the completion of the sale, the insider now directly owns 62,607 shares of the company’s stock, valued at approximately $11,369,431.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $160.28, for a total value of $160,280.00. Following the completion of the sale, the director now directly owns 5,974 shares of the company’s stock, valued at $957,512.72. 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 over the last three months. 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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