Costco Wholesale Co. (COST) Position Lifted by Cidel Asset Management Inc.

Cidel Asset Management Inc. boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,980 shares of the retailer’s stock after buying an additional 6,985 shares during the period. Cidel Asset Management Inc.’s holdings in Costco Wholesale were worth $9,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its stake in Costco Wholesale by 20,897.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,652,688 shares of the retailer’s stock valued at $165,000 after purchasing an additional 33,492,419 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Costco Wholesale by 55,048.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,504,928 shares of the retailer’s stock valued at $1,292,998,000 after purchasing an additional 5,494,946 shares during the last quarter. AQR Capital Management LLC grew its stake in Costco Wholesale by 258.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,125,078 shares of the retailer’s stock valued at $499,138,000 after purchasing an additional 1,532,770 shares during the last quarter. Capital World Investors grew its stake in Costco Wholesale by 12.0% during the 3rd quarter. Capital World Investors now owns 9,908,138 shares of the retailer’s stock valued at $2,327,223,000 after purchasing an additional 1,064,167 shares during the last quarter. Finally, BlackRock Inc. grew its stake in Costco Wholesale by 3.4% during the 3rd quarter. BlackRock Inc. now owns 28,041,444 shares of the retailer’s stock valued at $6,586,376,000 after purchasing an additional 919,651 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Get Costco Wholesale alerts:

Several analysts have weighed in on the company. Citigroup boosted their price target on Costco Wholesale from $238.00 to $242.00 and gave the company a “neutral” rating in a research note on Monday. Zacks Investment Research upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $243.00 price target on the stock in a research note on Monday. Morgan Stanley set a $220.00 price target on Costco Wholesale and gave the company a “hold” rating in a research note on Friday. Bank of America set a $255.00 price target on Costco Wholesale and gave the company a “buy” rating in a research note on Friday. Finally, Deutsche Bank set a $225.00 target price on Costco Wholesale and gave the stock a “hold” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $242.56.

Shares of COST opened at $229.69 on Tuesday. Costco Wholesale Co. has a 52 week low of $180.83 and a 52 week high of $245.16. The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $100.35 billion, a PE ratio of 33.63, a P/E/G ratio of 2.83 and a beta of 0.94.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, March 7th. The retailer reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.34. The firm had revenue of $35.40 billion for the quarter. Costco Wholesale had a return on equity of 24.54% and a net margin of 2.25%. During the same quarter in the previous year, the company earned $1.59 EPS. On average, research analysts predict that Costco Wholesale Co. will post 7.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Friday, February 8th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $2.28 dividend on an annualized basis and a yield of 0.99%. Costco Wholesale’s dividend payout ratio is currently 33.38%.

In other Costco Wholesale news, Director Susan L. Decker sold 1,611 shares of the stock in a transaction that occurred on Friday, January 4th. The stock was sold at an average price of $206.15, for a total transaction of $332,107.65. Following the transaction, the director now owns 51,389 shares in the company, valued at $10,593,842.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan L. Decker sold 739 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $205.00, for a total value of $151,495.00. Following the transaction, the director now owns 52,249 shares in the company, valued at approximately $10,711,045. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Costco Wholesale Co. (COST) Position Lifted by Cidel Asset Management Inc.” was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/4215052/costco-wholesale-co-cost-position-lifted-by-cidel-asset-management-inc.html.

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.

Read More: What is Compound Interest?