WINTON GROUP Ltd Boosts Holdings in Costco Wholesale Co. (COST)

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WINTON GROUP Ltd grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 63.1% during the first quarter, Holdings Channel reports. The institutional investor owned 2,984 shares of the retailer’s stock after acquiring an additional 1,155 shares during the period. WINTON GROUP Ltd’s holdings in Costco Wholesale were worth $562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AXA grew its stake in shares of Costco Wholesale by 0.7% during the fourth quarter. AXA now owns 709,666 shares of the retailer’s stock worth $132,083,000 after buying an additional 4,884 shares during the last quarter. Douglass Winthrop Advisors LLC grew its stake in shares of Costco Wholesale by 0.7% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 227,773 shares of the retailer’s stock worth $42,393,000 after purchasing an additional 1,634 shares during the last quarter. Fieldpoint Private Securities LLC grew its stake in shares of Costco Wholesale by 55.4% in the fourth quarter. Fieldpoint Private Securities LLC now owns 3,185 shares of the retailer’s stock worth $593,000 after purchasing an additional 1,135 shares during the last quarter. LPL Financial LLC grew its stake in shares of Costco Wholesale by 20.4% in the fourth quarter. LPL Financial LLC now owns 203,844 shares of the retailer’s stock worth $37,939,000 after purchasing an additional 34,517 shares during the last quarter. Finally, X Square Capital LLC bought a new stake in shares of Costco Wholesale in the fourth quarter worth $302,000. 71.36% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Richard A. Galanti sold 2,406 shares of the company’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $207.11, for a total transaction of $498,306.66. Following the transaction, the vice president now owns 25,474 shares in the company, valued at $5,275,920.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $196.49, for a total transaction of $589,470.00. Following the transaction, the director now owns 8,654 shares in the company, valued at approximately $1,700,424.46. The disclosure for this sale can be found here. Insiders have sold 38,884 shares of company stock worth $7,805,926 in the last quarter. Company insiders own 0.74% of the company’s stock.

Several brokerages recently weighed in on COST. Loop Capital boosted their price objective on shares of Costco Wholesale to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, June 20th. Robert W. Baird boosted their price objective on shares of Costco Wholesale from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, June 7th. ValuEngine raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Telsey Advisory Group boosted their price objective on shares of Costco Wholesale from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, June 1st. Finally, Susquehanna Bancshares reissued a “positive” rating on shares of Costco Wholesale in a research note on Thursday, June 7th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Costco Wholesale presently has a consensus rating of “Buy” and an average target price of $200.29.

Shares of NASDAQ COST opened at $207.12 on Thursday. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $212.46. The stock has a market cap of $90.83 billion, a PE ratio of 31.57, a P/E/G ratio of 2.75 and a beta of 0.95. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 0.52.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 31st. The retailer reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.02. Costco Wholesale had a net margin of 2.16% and a return on equity of 24.67%. The firm had revenue of $32.36 billion for the quarter, compared to analyst estimates of $31.89 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. equities analysts anticipate that Costco Wholesale Co. will post 6.76 EPS for the current year.

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.

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

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