Bailard Inc. Has $24.29 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Bailard Inc. grew its holdings in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 42,792 shares of the retailer’s stock after buying an additional 491 shares during the quarter. Costco Wholesale comprises approximately 0.8% of Bailard Inc.’s portfolio, making the stock its 25th largest holding. Bailard Inc.’s holdings in Costco Wholesale were worth $24,293,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. California Public Employees Retirement System increased its position in Costco Wholesale by 24.5% in the third quarter. California Public Employees Retirement System now owns 2,288,741 shares of the retailer’s stock worth $1,028,446,000 after purchasing an additional 450,303 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Costco Wholesale during the fourth quarter worth about $202,327,000. ProShare Advisors LLC boosted its holdings in Costco Wholesale by 56.0% during the fourth quarter. ProShare Advisors LLC now owns 819,712 shares of the retailer’s stock worth $465,350,000 after buying an additional 294,118 shares during the last quarter. Close Asset Management Ltd bought a new position in Costco Wholesale during the fourth quarter worth about $164,500,000. Finally, National Bank of Canada FI bought a new position in Costco Wholesale during the fourth quarter worth about $138,407,000. Institutional investors own 67.52% of the company’s stock.

Shares of COST stock traded up $11.09 during trading on Friday, reaching $497.27. 2,337,780 shares of the company’s stock were exchanged, compared to its average volume of 2,523,248. The company has a quick ratio of 0.51, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $220.40 billion, a PE ratio of 40.07, a PEG ratio of 4.12 and a beta of 0.70. Costco Wholesale Co. has a twelve month low of $375.50 and a twelve month high of $612.27. The firm’s fifty day moving average price is $554.67 and its 200-day moving average price is $534.66.

Costco Wholesale (NASDAQ:COSTGet Rating) last released its quarterly earnings results on Thursday, March 3rd. The retailer reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.18. The business had revenue of $51.90 billion during the quarter, compared to the consensus estimate of $51.51 billion. Costco Wholesale had a return on equity of 30.10% and a net margin of 2.62%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.14 EPS. As a group, analysts anticipate that Costco Wholesale Co. will post 13.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Friday, April 29th were paid a $0.90 dividend. The ex-dividend date of this dividend was Thursday, April 28th. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.79. This represents a $3.60 annualized dividend and a yield of 0.72%. Costco Wholesale’s payout ratio is 29.01%.

In related news, Director Kenneth D. Denman sold 250 shares of the company’s stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of $554.67, for a total transaction of $138,667.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Timothy L. Rose sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $566.29, for a total value of $2,265,160.00. The disclosure for this sale can be found here. Insiders sold a total of 9,248 shares of company stock valued at $5,417,137 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

A number of brokerages have issued reports on COST. Raymond James raised their target price on Costco Wholesale from $565.00 to $645.00 and gave the stock an “outperform” rating in a report on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft raised their target price on Costco Wholesale from $491.00 to $527.00 in a report on Thursday, April 7th. BMO Capital Markets lifted their price objective on Costco Wholesale from $560.00 to $580.00 and gave the company an “outperform” rating in a report on Friday, March 4th. Stifel Nicolaus lifted their price objective on Costco Wholesale from $555.00 to $565.00 in a report on Thursday, May 5th. Finally, Loop Capital lifted their price objective on Costco Wholesale from $605.00 to $645.00 and gave the company a “buy” rating in a report on Thursday, April 7th. Six investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Buy” and a consensus price target of $576.79.

Costco Wholesale Company Profile (Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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

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