Meitav Dash Investments Ltd. bought a new position in Costco Wholesale Co. (NASDAQ:COST) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 50,108 shares of the retailer’s stock, valued at approximately $14,287,000.
A number of other hedge funds have also recently modified their holdings of COST. Doyle Wealth Management raised its holdings in shares of Costco Wholesale by 1.8% in the 4th quarter. Doyle Wealth Management now owns 1,904 shares of the retailer’s stock worth $560,000 after buying an additional 34 shares in the last quarter. Bernicke Wealth Management Ltd. raised its holdings in shares of Costco Wholesale by 0.8% in the 4th quarter. Bernicke Wealth Management Ltd. now owns 4,567 shares of the retailer’s stock worth $1,342,000 after buying an additional 35 shares in the last quarter. Vigilant Capital Management LLC raised its holdings in shares of Costco Wholesale by 5.9% in the 1st quarter. Vigilant Capital Management LLC now owns 626 shares of the retailer’s stock worth $178,000 after buying an additional 35 shares in the last quarter. Merriman Wealth Management LLC raised its holdings in shares of Costco Wholesale by 0.7% in the 1st quarter. Merriman Wealth Management LLC now owns 5,545 shares of the retailer’s stock worth $1,581,000 after buying an additional 36 shares in the last quarter. Finally, Jacobi Capital Management LLC raised its holdings in shares of Costco Wholesale by 14.9% in the 4th quarter. Jacobi Capital Management LLC now owns 285 shares of the retailer’s stock worth $84,000 after buying an additional 37 shares in the last quarter. 69.20% of the stock is currently owned by institutional investors.
Shares of NASDAQ:COST traded up $1.60 during midday trading on Friday, hitting $303.57. The company had a trading volume of 1,057,427 shares, compared to its average volume of 2,867,954. Costco Wholesale Co. has a 12 month low of $233.05 and a 12 month high of $325.26. The company has a current ratio of 1.04, a quick ratio of 0.52 and a debt-to-equity ratio of 0.44. The stock has a market cap of $134.64 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 4.25 and a beta of 0.71. The firm has a fifty day simple moving average of $303.92 and a 200 day simple moving average of $301.88.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a dividend of $0.70 per share. The ex-dividend date was Thursday, April 30th. This is a positive change from Costco Wholesale’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 0.92%. Costco Wholesale’s payout ratio is currently 34.19%.
COST has been the subject of a number of recent research reports. Credit Suisse Group reissued a “hold” rating and issued a $328.00 target price on shares of Costco Wholesale in a report on Thursday, April 9th. Oppenheimer reaffirmed a “buy” rating and set a $335.00 price target on shares of Costco Wholesale in a report on Wednesday, May 6th. Royal Bank of Canada raised their price target on Costco Wholesale from $343.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Costco Wholesale in a report on Monday, March 2nd. Finally, Stifel Nicolaus raised their price target on Costco Wholesale from $310.00 to $330.00 and gave the company a “buy” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-one have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $318.54.
In other Costco Wholesale news, Director Susan L. Decker sold 1,000 shares of Costco Wholesale stock in a transaction dated 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 in the company, valued at $10,257,791.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard A. Galanti sold 1,448 shares of Costco Wholesale stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $306.51, for a total value of $443,826.48. Following the transaction, the chief financial officer now owns 23,967 shares in the company, valued at $7,346,125.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,448 shares of company stock worth $2,308,656. Corporate insiders own 0.22% of the company’s stock.
Costco Wholesale Company 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.
Recommended Story: What is the Shanghai Stock Exchange Composite Index?
Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.