Costco Wholesale Co. (COST) Holdings Lifted by Quantamental Technologies LLC

Quantamental Technologies LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 79.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,180 shares of the retailer’s stock after buying an additional 522 shares during the period. Quantamental Technologies LLC’s holdings in Costco Wholesale were worth $286,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of COST. Country Club Trust Company n.a. increased its position in shares of Costco Wholesale by 8.0% during the fourth quarter. Country Club Trust Company n.a. now owns 6,556 shares of the retailer’s stock valued at $1,336,000 after purchasing an additional 484 shares during the period. Regent Investment Management LLC increased its position in shares of Costco Wholesale by 43.5% during the first quarter. Regent Investment Management LLC now owns 1,485 shares of the retailer’s stock valued at $360,000 after purchasing an additional 450 shares during the period. Bernicke Wealth Management Ltd. increased its position in shares of Costco Wholesale by 3.3% during the fourth quarter. Bernicke Wealth Management Ltd. now owns 4,017 shares of the retailer’s stock valued at $818,000 after purchasing an additional 127 shares during the period. Ruggie Capital Group bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $61,000. Finally, TCI Wealth Advisors Inc. increased its position in shares of Costco Wholesale by 2.5% during the fourth quarter. TCI Wealth Advisors Inc. now owns 7,782 shares of the retailer’s stock valued at $1,585,000 after purchasing an additional 191 shares during the period. 72.22% of the stock is currently owned by institutional investors.

Shares of NASDAQ:COST opened at $248.90 on Tuesday. Costco Wholesale Co. has a fifty-two week low of $189.51 and a fifty-two week high of $250.05. The firm has a market capitalization of $109.49 billion, a price-to-earnings ratio of 36.44, a P/E/G ratio of 3.50 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, March 7th. The retailer reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.34. Costco Wholesale had a return on equity of 25.53% and a net margin of 2.34%. The firm had revenue of $35.40 billion for the quarter. During the same quarter last year, the company earned $1.59 earnings per share. As a group, research analysts predict that Costco Wholesale Co. will post 7.93 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.04%. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Thursday, May 9th. Costco Wholesale’s dividend payout ratio is 38.07%.

Costco Wholesale declared that its board has approved a share repurchase program on Friday, April 26th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the retailer to buy up to 3.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

A number of research firms have recently issued reports on COST. Nomura began coverage on Costco Wholesale in a research report on Wednesday, March 20th. They set a “neutral” rating and a $230.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Costco Wholesale to $248.00 and gave the company an “overweight” rating in a research report on Friday, March 8th. Deutsche Bank set a $225.00 price objective on Costco Wholesale and gave the company a “hold” rating in a research report on Friday, March 8th. Zacks Investment Research cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Robert W. Baird boosted their price objective on Costco Wholesale from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Eight equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $249.90.

In other Costco Wholesale news, VP Richard A. Galanti sold 4,188 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $230.47, for a total value of $965,208.36. Following the transaction, the vice president now owns 30,082 shares of the company’s stock, valued at $6,932,998.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John W. Meisenbach acquired 3,000 shares of Costco Wholesale stock in a transaction on Monday, April 1st. The stock was acquired at an average cost of $242.65 per share, for a total transaction of $727,950.00. Following the purchase, the director now owns 12,833 shares of the company’s stock, valued at approximately $3,113,927.45. The disclosure for this purchase can be found here. Insiders sold 8,587 shares of company stock worth $2,004,576 over the last quarter. Company insiders own 0.21% of the company’s stock.

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About Costco Wholesale

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

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